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India’s Top Five Largest Scams

Post Indian independence in 1947, the country has been hit by scams time and again. After studying the scams, we can say India is a land of scams. Let’s look at some of the biggest scams in India.

Photo Credit : Reuters

Coal Allocation Scam (Coalgate): Rs 186,000 Crore

As per CAG, India’s coal allocation was worth Rs 186,000 crore. However, the amount was allotted by the government but never auctioned. This was a loss to the Indian government. CAG of India accused the then Indian Government in 2012 for the irregularities from 2005 to 2009 in coal mines auctions.