CORRUPTION & SCAMSIN OUR COUNTRY

Three among the five topmost corruption scams in

India• 2G spectrum• Common wealth games• Satyam scam

1. 2G SPECTRUM SCAM

CAG (Controller and Auditor General) agency. Raja….the former telecom minister allocated

2g mobile spectrum licenses flouting rules. 1.76 lakh crores revenue loss for India. Spectrum allocated beyond contracted

quantities to 9 firms including Airtel,Idea,Reliance,Vodafone,BSNL,Aircel.

No auctions, No bids….. Followed “first come-first serve” policy.

Unitech and Swan telecom got licenses without any telecom experience.

Swan telecom is not even having eligible criteria. Swan got license for 1,537cr. And sold for 4,200cr. Unitech got for 1,661cr. and sold for 6,200cr.

2. COMMONWEALTH GAMES 2010 SCAM

71 countries from world, about 2,000 staff, 18,000 volunteers,12 days of events.

Being a prestigious issue for India….. only half of the estimated finance was used for sports persons.

Literally it is a loot of about 30,000cr. As the budget is of 70,000cr.

It is because of Mr. Suresh kalmadi…. the initiator this fraud was treated as “shame of India” instead of “scam of India”.

Fraud deals like this.. “buy material, I’ll give you percentage”, “make policy in my favor”.

Even IIT, Nit officers and AIR India's officers involved in this scam.

3.SATYAM SCAM B. Ramalinga raju… the founder and

former chairman… an IT professional. Fourth biggest outsourcing IT

company in India. More than 50,000 employees from

India. Offers services to more than 550

MNCs.

Became biggest fraud in corporate

history to the tune of 14,000cr. More than 50,000 employees jobs

were at risk. 7% of sensex has fallen down.

Since Raju can’t compensate the fraud money, he announced to acquire satyam to maytas prop. & maytas infra with about 8,000cr.

Ministry of corporate affairs enquired on this whether any violation of laws of strategy takes place.

ILL EFFECTS DUE TO CORRUPTION “Rich becomes richer & poor

stay poor”. A developing nation will stay

developing…… even for generations.

Financial imbalance over the nation…….

In peak stage…… it tends to economic inflation.

HOW TO COMPENSATE THE LOSS One should be sincere on their own

profession. One should contribute their work for own

country’s development (outsourcing reduced).

Do not encourage corruption. Directing ones professional goals towards

country’s vision.

Our country vision is to became a super power in 2020.

THANK YOUSUMANTH SAI .CH

Let us fight for better INDIA.