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| 40 major scams, India suffers loss of Rs. 25 trillion US dollars | | Loot of public exchequer increases value of Anna Hazare’s Jan Lokpal bill | |
Asif Iqbal Naik
KISHTWAR, Aug 22: It is almost exactly after 64 years of independence, a social activist Anna Hazare has taken on the menace of growing corruption in India.
On one hand side team Anna is firm in its stand for bringing strong Jan Lokpal bill, which Anna and his supporters believes that the law will help in bringing the level of corruption in India at its lowest. The demand of team Anna is not only to bring strong Jan Lokpal bill, but they also demanded that the PM and judiciary must come under the ambit of Jan Lokpal bill so that the menace of corruption could be checked.
As far as various scandals in India is concerned, first four decades after independence witnessed scams worth Rs 121.30 crore (1.21 billion) among them Teja Loan Scam in 1960 worth 22 crore and bofors pay off scam in 1987 worth 65 crores , where as in last two decades I.e. from 1990 to 2010, whopping 25 trillion Dollars scams surfaced from time to time.
The first scam which was surfaced in India after independence is worth 80 lacs Jeep Purchase scam in the year 1948 followed by 1.21 crore is Mundhara Scandel of 1957, 9.45 corers St. Kitts forgery 1989 and airbus scandal @2.5 corers/week in 1990.
It was in the year 1992, when first major security scam of Rs. 5000 crore and Indian Bank rip off scam worth 1000 corers surfaced, thus set a stage for major scams in next two decades, as a result of which Government of India suffers exchequers of whopping 25 Trillion Dollars worth . As far as scams surfaced in 90’s is concerned the major scams are Sugar import scam (1994) of worth 650 corers, Fodder scam (1996) worth 950 corers and urea deal (1996) worth 133 corers. At the end of the millennium the Government of India suffered at least 100 billion Dollars, which 1 % amount out of total amount which India has lost in various scams.
After entering into the next millennium, the government of India starts focusing on various goals in the field of information technology, the country has set an eye on moon mission, 2nd green revolution, telecom and hardware industry, space industry and biotechnology.
On one hand side, the government sets an eye on various developmental goals, on the other hand side corruption is rooting deep inside the system and the millennium witnessed first major stock market scam worth 1,15000 corers (Rs 1.15 trillion) in the year 2001, followed by 30000 corers stamp paper scam in the year 2003,Scorpene submarine scam (2005) worth 18,978 corers, Punjab city centre scam (2006) worth 1500 corers, Hassan Ali Tex scandal Scam (2008) worth 50000 corers, Satyam Scam (2008) worth 10000crore and Army pilferage scam (2008) worth 5000 corers.
But the corruption in India not only stops here, as major scandals are to be followed, which has uprooted the economic position of the country as a result of which the country of over billion population in which half of its population is Below Poverty Line has witnessed tremendous prize hike in various eatable items. The last two year have witnessed highest magnitude of scams and scandals viz 2 G Scam (2008) worth over 175000 corers followed by reports of 7100000 corers money kept in foreign banks including world famous Swiss Bank, Orissa mining scandal (2009) worth 7000 corers, Madhu Khoda mining scam (2009) worth 4000 Corers, CWG Scam (2010) worth 40000 corers and least but not last 400000 crore S-Band Scam (2011).
All the 48 major scams registered since 1948 results into the loss of 25 Trillion US dollars to the government exchequer. If going through the details of involvement of countries top most politicians in these major scams, it ranges from MLA, MP, ministers to Prime Minister like Rajeev Gandhi in Bofors scam, P V Narsima Rao in telecom and present Prime minister Dr. Manmohan Singh name also indirectly featured in 400000 Corers S-Band Scam as the department falls under direct control of Prime Minister Dr. Manmohan Singh.
Even though various small and major scams were surfaces in India from time to time, but till date hardly anyone get punished for looting the public money, people hopes that the Jan Lokpal bill will not only help in curbing the menace of corruption in India, but will also helps in prosecuting the corrupt officials/politicians which needs long way to go.
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