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The following is a list of proven scandals in India since independence, including political, financial and corporate scandals. The year, or decade, is when the scandal was first reported. The year, or decade, is when the scandal was first reported.
The Bofors scandal was a major issue that was highlighted in subsequent elections, which led to the Congress losing power. Though it was widely believed that V. P. Singh resigned from Rajiv Gandhi's cabinet due to the Bofors scandal, Singh clarified that he had resigned due to differences in the cabinet in commissions taken by Indian agents in the HDW submarine deal (Shishumar class).
Haridas Mundhra. Haridas Mundhra ( Hindi: हरिदास मूंदड़ा; died January 6, 2018) was a Calcutta -based stock speculator who was found guilty and imprisoned in the first big financial scandal of newly independent India in the 1950s. The Mundhra scandal exposed the nexus between the bureaucracy, stock market speculators ...
The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India -based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when ...
Owned by the Medici family, it ran up large debts due to the family's profligate spending, extravagant lifestyle, and failure to control the managers. Mississippi Company. France. Sep 1720. Colonialism. Scottish economist John Law convinced the French government to support a monopoly trade venture in Louisiana.
Nagarwala case. The Nagarwala case or Nagarwala scandal refers to an Indian fraud case where Rustom Sohrab Nagarwala allegedly imitated Prime Minister of India Indira Gandhi and convinced Ved Prakash Malhotra to withdraw ₹60 lakhs from the branch of the State Bank of India where he was the head cashier. However, there has been some ...
The Pegasus Project initiative investigated the use of the Pegasus spyware by governments on journalists, opposition politicians, activists and business people. A target list consisting of 50,000 phone numbers, which could have been possibly targeted by the spyware, leaked to Forbidden Stories which spawned this investigation.
Saradha Group financial scandal. The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [ 1][ 2][ 3] in Eastern India.