Major Scandals of 2011

By siliconindia   |   Friday, 30 December 2011, 22:30 IST
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Goa mining scam: Another shocking scandal that the country saw was the Goa mining scam. The Bharatiya Janata Party (BJP) raised the issue of illegal mining against the ruling Congress-led government. Over the last five years the loss caused to the exchequer was of 25,000 crore. It was seen that Goa accounts for over 60 per cent of the country's iron ore exports, earning 20, 000 crore annually by way of foreign exchange. The reports by Hinduatan Times shows that 54 million tonne of iron ore were exported this year, out of which 30 million tonne was legal, and the rest — more than 20 million tonne — illegal.

Indian black money in Swiss Banks: Another big blow in the face of the country was the Indian black money scam. WikiLeaks founder Julian Assange told a TV channel "Yes, there are Indian names in the data that we have already published or are going to publish. I can't remember specifically whether there are Indian names in the coming publication. But I have read Indian names." The black money was mostly a source from illegal share in stock market, drug deal, and fake project. It was noted that most amount of the black money in the Swiss Bank was mainly from India. Reports also suggested that major share of Indian black money was routed from Pakistan.