10 Scams That Knocked India Off Its Feet

Bangalore: India shrugs at yet another scam in the country that involves people who represent honor and integrity and who rather chose to act on the contrary. However their lack of etiquette has not only cost India big sum of money but it has also cost the people the trust they have invested in the system. The scams in India that involve politicians, financial moguls, defence personnel, corporate honchos are many. Here are the ten scams that knocked India off its feet, as reported by Apoorva Sripathi and Mowna Ravikumar for Yahoo.com

1 Chopper Deal Scam
The most recent of all scams in the country dealing with Rs 74.5 crore, is the Chopper deal scam. As per Reuters, the investigation which started more than a year ago against the Italian firm Finmeccanica has finally culminated to the arrest of the Italian firm head, also the former IAF Chief Air Chief Marshal S P Tyagi confessed meeting the middle man, however he did claim to be innocent.

2 Tatra
Over 7000 trucks were manufactured by Bharat Earth Movers Ltd (BEML) in collaboration with Tatra Vectra Motors in 2010. It was disclosed by the retired General VK Singh that he was offered a bribe of Rs 14 crore in his office in order to clear the purchase of 1,676 substandard Tatra BEML trucks. The estimated amount of the scam is 750 crore.

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