Black money refers to funds earned on the black market, on which income and other taxes has not been paid. The total amount of black money deposited in foreign banks by Indians is unknown, but one estimate by R Vaidyanathan, a Professor of Finance, estimated the total at over Rs 7,280,000 Crores (USD $1.4 trillion).
The 2G spectrum scam in India involved the issue of 1232 licenses by the ruling Congress-led UPA alliance of the 2G spectrum to 85 companies including many new telecom companies with little or no experience in the telecom sector at a price set in the year 2001.
The scam involved allegations regarding
A number of concerns and controversies surfaced before the 2010 Commonwealth Games in New Delhi, India, which received widespread media coverage both in India and internationally.
The Commonwealth Games was severely criticised by several prominent Indian politicians and social activists because billions ...
The Board of Control for Cricket in India (BCCI) has found itself in the middle of many conflicts with various cricket boards around the world as a result of the Indian Premier League (IPL). The main point of contention was that signed players should always be available to their country for international tours, even if...
On 10 October 2009, Madhu Koda was charged with laundering money. The Income Tax Department uncovered over 4000 crore in illegal assets owned by Koda. Among others, these assets were reported to include hotels and three companies in Mumbai, property in Kolkata, a hotel in Thailand, and a coal mine in Liberia.This alleg...
Hasan Ali Khan is an Indian billionaire businessman. In 2007, authorities began investigating Khan for suspicion of money laundering. Khan was arrested by India's Directorate General of Economic Enforcement in under suspicion of money laundering, and was in court in July 2011 for that case. ED lawyers said Khan had...
The cash-for-votes scandal is a scandal in which the United Progressive Alliance, the majority-holding parliamentary-party alliance of India led by Manmohan Singh, allegedly bribed Indian MPs in order to survive a confidence vote on 22 July 2008. The vote in the Lok Sabha arose after the Communist Party of India led Le...
The Adarsh Housing Society is a cooperative society in the city of Mumbai in India. It was reserved for the war widows and veterans of the Kargil War.
In 2010, the Indian media brought to public the alleged violations of rules at various phases of construction in the Adarsh Society. Questions were raised on the ma...
The Satyam Computer Services scandal was publicly announced on 7 January 2009, when Chairman Ramalinga Raju confessed that Satyam's accounts had been falsified.
Raju had appointed a task force to address the Maytas situation in the last few days before revealing the news of the accounting fraud. After the scan...
The Main verdict in Stamp paper scam, Abdul Karim Telgi, is a convicted-counterfeiter from India. He earned money by printing counterfeit stamp paper in India.
Telgi eventually moved to more complex and expansive counterfeiting when he began to counterfeit stamp paper. He began printing fake stamp paper. He appoin...