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The series of scams in India has degraded the integrity and dignity that the country has carried at the International front. The theoretical and bogus rules framed in the law books have not been enough to control this ever growing phenomenon of corruption here. However anti-corruption social activists-Anna Hazare and Arvind Kejriwal has instilled some hope in the hearts of millions in their fight against corruption. India’s records of past scams will tear you apart and will diminish the hope of enlightenment created by these activists.
3. Telgi Scam
One of the most dramatic scams in India, Abdul Karim Telgi was the mastermind behind the whole idea of printing forged duplicate stamp papers that made its way into the banks and other institutions. Estimated at a massive cost of Rs 20000 crore, the fake stamp paper and stamp had infiltrated 12 states.Reports also suggest that the kingpin had government backing which was held responsible for the selling and production of high security stamps.
4. Satyam Scam
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