BANGALORE: ‘Scam’ is probably one of the words, with which everyone would like to stay miles apart. But the Indian history has seen various scams, involving thousands crores of money.

Might be Investors have not received their hard-earned money back from these scams, but the concerned fraudsters were sent to the bars. Here is the list of biggest scams in India.

1. The Satyam Scam

One of the biggest corporate scam in the Indian history was the Satyam Scam, where Satyam Computer services were put guilty for causing a loss of 14, 162 crore.  The fraud was made by inflating the revenue of the company by showing corresponding gains by forging the bank statements. This falsification continued for several years, meanwhile various investors were lured to invest in the company.

CBI constituted a Multi-Disciplinary Investigation Team in 2009 to investigate the case. Within 45 days the team achieved success and thus filed a charge sheet against the Ramalinga Raju, chairman of Satyam Computers at that time and the accused people for criminal conspiracy, forgery, cheating and falsification of accounts.

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