(Continued from last Blog on India's Scamocracy)
VP.Singh came to power,but he failed to pin down Rajeev Gandhi.s personal involvement: In 19997 the Sweedish Govt handed over all important documents of personnel involved in the deal,but ottovio quottorochi(a very close friend of Rajeev & Sonia Gandhi) was named the receipient of 64 crore kickback. He represented the Snamprogetti in INDIA : The Permit License Raj was responsible for generation of Corruption due to excessive discretionary powers enjoyed by the authorities : In 1993 we saw the MP's Bribery scam during Narasimharao's time: The Hawala scam of 1997,the fodder scam in 1996(lallu prasad) The Palmolein oil import scam of 1992(,in Kerala,put CM.. Karunakaran in soup,but the biggest scam that made waves were the Harshad mehta scam of 1992 and Kethan parekh(about a decade later) There was also the famous 30,000 crore TELGI Stamp Paper scam: The two stock brokers of Mambai stock exchange,manipulated the market,by taking Bank Loans & ended up with 4000 crore scam.
The high profile scam is that of 2G spectrum , in which the spectrum was provided at ridiculously low price to "first come first served" cronies: The CAG estimated the loss at 1.7 Lakh Crores of rupees : The supreme court cancelled all the 122 licenses issued by him : This is not the end of the story : As some one said "Jis Desh Me Ganga Behathi Hai,Us Desh me Behamani Hoti Hai"
VP.Singh came to power,but he failed to pin down Rajeev Gandhi.s personal involvement: In 19997 the Sweedish Govt handed over all important documents of personnel involved in the deal,but ottovio quottorochi(a very close friend of Rajeev & Sonia Gandhi) was named the receipient of 64 crore kickback. He represented the Snamprogetti in INDIA : The Permit License Raj was responsible for generation of Corruption due to excessive discretionary powers enjoyed by the authorities : In 1993 we saw the MP's Bribery scam during Narasimharao's time: The Hawala scam of 1997,the fodder scam in 1996(lallu prasad) The Palmolein oil import scam of 1992(,in Kerala,put CM.. Karunakaran in soup,but the biggest scam that made waves were the Harshad mehta scam of 1992 and Kethan parekh(about a decade later) There was also the famous 30,000 crore TELGI Stamp Paper scam: The two stock brokers of Mambai stock exchange,manipulated the market,by taking Bank Loans & ended up with 4000 crore scam.
The high profile scam is that of 2G spectrum , in which the spectrum was provided at ridiculously low price to "first come first served" cronies: The CAG estimated the loss at 1.7 Lakh Crores of rupees : The supreme court cancelled all the 122 licenses issued by him : This is not the end of the story : As some one said "Jis Desh Me Ganga Behathi Hai,Us Desh me Behamani Hoti Hai"
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