Thursday, 18 August 2011

Scams in India - Indian Scams

India is a Very Big Country with Democracy but as Big as Country as big as corruption in India. Their are 100 Scams happened in India in Year after Year Some of the Scams are :

The series of scams in India has degraded the integrity and dignity that our country has carried at the International front.

Their  are not Only Big Scams but their are many Fraud Companies who first says they will pay but after some time they decline to the payouts because some how Indian Law is not too much Strong.

Their are Some Frauds which are done initially for cheating people for money but some are done because of miss happening such as Medical Billing Fraud which happens in Health Care industries of  developed countries.

In Country Like India their is Poverty and Lacks of Jobs many Frauds are done on the Name of Jobs and Work at home . Their is Lack of Jobs In India so many peoples on the internet want to do part time work for their earning in this many companies try to make fool to peoples .

Paid Surveys Online Which Pay In India is Really a Good Source of Income until you don't invest any thing their is No Risk of Losing Money on the Internet .

Some Companies also Offers Product Based Commissions such as Tupperware  , Amway and Many Others Like But That this is Legal way to Earn the Money.

But People working on the internet while investing a Amount and Thinks to be be get double in small time that is Point where Cheater .. Cheat the Money on Investor Until Understanding a full concept don't Invest your Hard Money.

Their are Not all this Things goes in Fraud Section But their are complaints of structuring business Model . Such As Just Dial : In India , People are gone on Free and Sales First .
A Company Name Just Dial - Known as Telephone Search Engine have a huge Complaints because of Business Model . Basically Company Don't take Any charge from Caller but Earn From the Advertisers.
For Example : You want to Know Pest Control Companies in Delhi .
You Dial Just Dial Number  And Operators sends 4 Numbers to your mobile at this Time.
At the same time Caller Number will also go to advertiser Companies So what happens every pest controller company start calling on Caller Number .Caller Get too much headache and Most of the time he is Saying :Why I Call on Just Dial its Better to Ask Any Friend Or Find on Google Search.

Advertising Companies Can't Earn Because every time they call to  caller . It  Said I found Some One..
Basically Just Dial have a Section Most Premium where they are charging Between Rs.50,000 - Rs.60,000
from a company they are send 1st Every thing to Him.
In this type of Scenarios all the 4 companies which have paid 10,000/- they get Nothing.So Many Peoples do Just Dial Complaint .. In This Case we can not say company as Fraud .. But having complaints on that.

In The Case of Advertising on the Internet 1st thing Any Business have a Website .
1st to Take a Domain Name : Their are Some Old Domain Names which have some Meaningful Sense. For this Type of Domains you can visit on buy domain name Website  .
2nd To Purchase Domain Web space .
3rd Step to Design a Good Looking Website Attract to All for customers. A Web designer Give your thoughts a Design and Write all the Useful Information about you Such as About Us , Our Services and Contact us.

4th and Most Important Step for Any Website is its SEARCH ENGINE OPTIMIZATION . SEO means Getting on Top Results on Search Engine Such as Google . In Today's World Every Body is Finding a good SEO company so that their professionals can manage websites with Desired Keywords.

Whether this is Any Type of Fraud in Investigation many things come in Knowledge . For Any Investigation Detective is Required who works on finding the whole matter . Delhi Detectives are Really Good.

The theoretical and bogus rules framed in the law books have not been enough to control this ever growing phenomenon of corruption. However anti-corruption social activists - Shri Anna Hazare has instilled some hope in the hearts of millions in their fight against corruption.Know More About : Anna Hazare Latest News

 Speakasiaonline Pte. Ltd. (SAOL) a company registered in Singapore starts its operation in India.People Have invested Lakhs of Rs. and on 11 May 2011 Every thing which was Made by the Company Crashed .
Read in Small Story on  Speak Asia Controversy
and get to Known about Why Speak Asia is Genuine  and Also Read About Speak Asia Support .
After Speak Asia Management Missing .. People of Speak Asia Take Charge which is Known as Speak Asia Panelist Association
According to Speak Asians This Controversy is raised by Media Such As Star TV As Star News Exposes Speak Asia on 11 May 2011 and Some of the Politicians such as Kirit Somaya as Letter by Dr. Kirit Somaiya Against Speak Asia on 18 May 2011 Due to that Speak Asia Company Becomes Fraud In Eyes of Every Body.

Speak Asia Online PTE LTD also Said All the panelists have always been paid promptly and regularly by the company till the 12th May, 2011, But on 11th May A news Channel Named "Star News" said Speak Asia is Fraud on 16th We ( SAOL ) arrange speak asia press conference 16 may 2011  where all our Speak Asia Management Including Mr. Manoj Kumar CEO , Tarak Bajpai ( COO ) , Narayanan Rajagopalan , Mr. Vivek Gautam ( Chief Marketing Officer ) , Sanjeev Mehta ( Country Head Sales ) and Sanjeev Dwived. In This Press Conference Mr . Narayanan Rajagopalan Speak Asia  Explained About Paid Surveys and try to Understand the Speak Asia Business Model But after that the bank accounts were closed by the company bankers M/s United Overseas Bank, Singapore, on 27th May, 2011 probably due to the cautionary circular sent out by the RBI vide circular No. DBS.CO.PPD No.16237/11.01.005/2010-11 dated 23rd May, 2011.

The case of SAOL is a case of business rivalry and political
corruption on the part of the initiators of the various fictitious cases against SAOL,
which is adversely affecting more than 15 lacs families and 22 lacs Panelists!
In Today Date All The Speak Asia Members are Daily Visiting Speak Asia Latest News For  Information.

 India's records of past scams will tear you apart and will diminish the hope of enlightenment created by these activists.

2G Scam

2G Scam

None can beat this one, the infamous 2G scam, a fiddle of 1.76-lakh crores in the telecom industry of India. According to the CAG report, the former Telecom minister, A Raja evaded norms at every level as he distributed the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices. The cases are still on in the Special CBI Court and seem to be unearthing more swindles.
According to the news this the biggest Scam in Telecom industry till Now.


Commonwealth Games Scam

Commonwealth Games Scam
India was to proudly boast of having hosted the prestigious 2010 Commonwealth Games, but no one knew what lay ahead. The grand event even before it started downhearted many as it was already entwined with allegations of corruption.
The Comptroller and Auditor General (CAG) report indicated that out of Rs 7000 crores intended to be spent on the Games, only half the amount was spent on Indian Sportspersons. Not only did the scam put Suresh Kalmadi, the sacked CWG Chairperson behind bars, but the recent report has also indicted Sheila Dikshit, Chief Minister, New Delhi of causing financial irregularities which led to huge losses to the government.

Telgi Scam

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 crores, 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.
In Telgi Scam a lots of investigation was done and get big headlines in this news.

Satyam Scam

Satyam Scam
The 7,000 crores by Satyam Computer Services scam is one of the biggest scams that the corporate world would ever want to forget.

Ramlinga Raju, ex-chairman of the company was held on the charges of falsifying the accounts of the company for years together gain profit. The company was however overtaken by Tech Mahindra after it offered to buy a equity of 20 crores in Satyam.
This is Known as Biggest IT Company Scam .

Bofors Scam

Bofors Scam
It was a major corruption scandal in India in the 1980s and through a major setback Gandhi's ruling Indian National Congress party. The then PM Rajiv Gandhi and several others including a powerful NRI family named the Hindujas, were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer. It has been speculated that the scale of the scandal was to the tune of  400 million. The case came to light during Vishwanath Pratap Singh's tenure as defense minister.

The name of the middleman associated with the scandal was Ottavio Quattrocchi, an Italian businessman who represented the petrochemicals firm Snamprogetti. Quattrocchi was reportedly close to the family of Prime Minister Rajiv Gandhi and emerged as a powerful broker in the 1980s between big businesses and the Indian government.

Fodder Scam

Fodder Scam
The famous 1996 fodder scam also famously known as the Chara Ghotala scam involved a whopping amount of Rs 950 crores. The fabricated case involved taking reimbursement from the state's treasury that included animal husbandry equipment, medicine and fodder for 'vast herds of fictitious livestock.'

In Chara Ghotala many big ministers name comes this is done in Bihar - India .

The Hawala Scandal

Hawala Scandal
The $18 million scam came to light after the country's top political leaders were involved in receiving payments through hawala brokers. The Jain brothers were the main accused in the whole scandals who were apprehended by the police in 1995.

From the list of those accused also included Lal Krishna Advani who was then the Leader of Opposition. Thus, for the first time in Indian politics, it gave a feeling of open loot all around the public, involving all the major political players being accused of having accepted bribes and also alleged connections about payments being channeled to Hizbul Mujahideen militants in Kashmir.

IPL Scam

IPL Scam
India who proudly boast over its frenzy created by IPL 20-20 cricket also carries the same of a scandal with IPL. It started when IPL Commissioner Lalit Modi revealed that Tharoor's friend Sunanda Pushkar had equity stakes in Rendezvous Sports World (RSW), heading the consortium that owns the Kochi team. It was later disclosed that Pushkar got sweat equity of the value of Rs 70 crore.
Shashi Tharoor maintained that the amount had nothing to do with his active campaigning and mentoring for the Kochi team. This was less convincing as he had specifically mentioned that he had no specific gains from RSW winning Kochi Franchisee. Income Tax investigation report into match-fixing angle in the IPL revealed Lalit Modi has interests in three teams.

Harshad Mehta Stock Scam

Harshad Mehta Scam
Harshad Mehta & Ketan Parekh Stock Market Scam came as a shocker for many. It was basically a fraud done in the capital market with the investors by manipulating the facts in order to attain enormous profits There is no way that the investor community could forget the unfortunate 4000 crores Harshad Mehta scam and over 1000 crores Ketan Parekh scam which eroded the shareholders wealth in form of big market. Harshad Mehta went to become one of the successful brokers in India.
The scam involved huge diversion of funds and intra trading. He triggered a rise in the Bombay stock exchange in the year 1992 by trading in shares at a premium across many segments. Taking advantage of the loopholes in the banking system, Harshad and his associates triggered a securities scam diverting funds into 400 crores from the banks to stockbrokers between 1991 to may 1992.

Citibank Fraud

Citibank Fraud
It was a major blow to Indian financial service industry. The real culprit behind this scene is Mr. Shivraj Puri, who was working as the relationships manger with Gurgaon branch of Citibank. He lured investors into a fake scheme with the help of forged circulars from Securities and Exchange Board of India (SEBI) with a hope to cash on very high interest rates. He came into light when the bank started receiving complaints from various clients about a scheme which was non-existent for the bank.