Major Scandals of 2011

By siliconindia   |   Friday, 30 December 2011, 22:29 IST
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2010 Commonwealth games scam: A major scam hit the Commonwealth Games in 2010 and which continued into this year. There were allegations being made that a substantial sum of money was transferred to a little known U.K. company from the Games Organizing Committee about which the British government raised questions. The Commonwealth Games received severe criticisms by several prominent Indian politicians and social activists because billions of dollars had been spent on the sporting event. The major problems highlighted were that serious corruption of officials of the Games Organizing Committee was seen, there were delays in the construction of main Games venues, possibility of a terrorist attack and infrastructural compromise and exceptionally poor ticket sales before the event were also noted. The Net Worth of the scam was Rs 36,000 crores.

ISRO spectrum scam: Indian Space Research Organization was found in a secret deal to launch two customer-specific satellites and give away 70 MHz of high-value S-band for an unregulated commercial exploitation at a scandalously low price of just over Rs 1000 crore to a private, Bangalore based company called Devas Multimedia Private Limited. The scam would cost the exchequer a gigantic loss of two lakh crore. ISRO managed to hide the deal for six long years until the Comptroller and Auditor General (CAG) called for the files following which, the media then scooped it out into public space, forcing ISRO and the Prime Minister's Office scuttle for an explanation.