Friday, 13 September 2013

NRHM, Stamp paper, Satyam Scam

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Other Popular Scams-NRHM, Stamp paper, Satyam Scam-

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The scam involves systematic loot of over Rs 3,700 crore of central health funds in Uttar Pradesh over the past six years (2005-2011). Many people, including Rahul Gandhi, had spoken of the NRHM bungle, but the size of the scam indicates that not only were officials at the level of CMO and above involved, but also this could not have been carried out without the knowledge and support of their masters.

Satyam scam
The Satyam Computer Services scandal was publicly announced on 7 January 2009, when Chairman Ramalinga Raju confessed that Satyam's accounts had been falsified.
The scam at Satyam Computer Services is something that will shatter the peace and tranquility of Indian investors and shareholder community beyond repair. Satyam is the biggest fraud in the corporate history to the tune of Rs. 14000 crore.
The company’s disgraced former chairman Ramalinga Raju kept everyone in the dark for a decade by fudging the books of accounts for several years and inflating revenues and profit figures of Satyam. Finally, the company was taken over by the Tech Mahindra which has done wonderfully well to revive the brand Satyam.

Stamp paper scam or the Telgi scam
What is Stamp paper scam or the Telgi scam?
Stamp paper scam or the Telgi scam involved printing duplicate stamp papers and selling them to banks and other institutions. The tentacles of the fake stamp and stamp paper case had penetrated 12 states and was estimated at a whooping Rs. 20000 crore plus. The Telgi clearly had a lot of support from government departments that were responsible for the production and sale of high security stamps.

How did Stamp paper scam or the Telgi scam happen?
Telgi started printing fake stamp paper. He appointed 300 people as agents who sold the fakes to bulk purchasers, including banks, FIs, insurance companies, and share-broking firms. His monthly profits have been estimated as being in the neighborhood of Rs 202 crore (slightly more than US $40 million).

When did Stamp paper scam or the Telgi scam happen
Telgi scam, has penetrated 12 states between 1992 and 2002. It was brought to notice in 2003

Who are involved in Stamp paper scam or the Telgi scam happen?
Main Accuse: Abdul Karim Telgi 
Politicians involved
Sharad Pawar as revealed by Abdul Karim Telgi during narcoanalysis
Chaggan Bhujbal
R S Sharma the Mumbai police Commissioner
Jaisimha the Superindent of Central prison, Karnataka
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