India’s political landscape has witnessed its fair share of controversies, scandals, and financial irregularities over the years. The Indian National Congress (INC), one of the oldest political parties in the country, has been at the center of several high-profile scams. Let’s delve into some of the most notorious ones:
1. Bofors Scam (1980s)
The Bofors scandal rocked India during the 1980s. It involved allegations of kickbacks in a deal to purchase 155 mm field howitzers from the Swedish arms manufacturer Bofors. The scandal implicated then Prime Minister Rajiv Gandhi and other influential figures. Despite the defense implications, the truth remained elusive for years.
2. 2G Spectrum Scam (2008)
The 2G spectrum scam was a colossal financial fraud that unfolded under the watch of Telecom Minister A. Raja. It revolved around the allocation of 2G licenses to private telecom players at remarkably low prices. The lack of transparency and favoritism resulted in a loss of Rs 1.76 lakh crore to the exchequer.
3. Satyam Scam (2009)
The Satyam Computer Services scandal shook investors and shareholders. Ramalinga Raju, the company’s former chairman, manipulated accounts to the tune of US $1.47 billion. Tech Mahindra later acquired Satyam and worked to restore its credibility.
4. Commonwealth Games Scam (2010)
The Commonwealth Games held in Delhi became synonymous with corruption. Enormous funds allocated for preparations and execution were misused. The total value of this scandal is estimated to be Rs. 70,000 crore. Suresh Kalmadi, a Congress party representative, faced severe criticism.
5. Telgi Scam
Abdul Karim Telgi orchestrated a counterfeit stamp paper racket that caused significant financial losses to the government. His operation undermined the legal system and exposed vulnerabilities in stamp paper issuance.
6. Insurance Scam
During Congress rule, the insurance sector witnessed fraudulent practices. Cases of false claims, forged policies, and misappropriation of funds came to light, tarnishing the party’s reputation.
7. Telecom Scam (Sukh Ram)
Sukh Ram, a former Telecom Minister, faced allegations of accepting bribes in exchange for granting telecom licenses and other favors. His involvement in the telecom scam raised serious concerns.
8. Fodder Scam
The Bihar fodder scam involved embezzlement of funds meant for cattle feed. Lalu Prasad Yadav, a prominent Congress ally, faced allegations related to this scam.
9. Ketan Parekh Scandal
Ketan Parekh, a stockbroker, manipulated stock prices and caused significant losses to investors. His involvement in the stock market scam raised eyebrows.
10. Taj Corridor Case
Mayawati, then Chief Minister of Uttar Pradesh, faced corruption allegations related to the Taj Heritage Corridor project. Funds allocated for the project were allegedly misused.
11. Oil-for-Food Programme Scam
Allegations of irregularities in the United Nations’ Oil-for-Food Programme surfaced during Congress rule. The handling of this matter drew criticism.
12. Bombay Stock Exchange Fraud
Harshad Mehta’s stock market manipulation caused a major financial crisis. The Congress government faced scrutiny for its regulatory oversight.
13. Madhu Koda Scam
Madhu Koda, a former Jharkhand Chief Minister, was involved in a mining scam. Funds meant for development were allegedly siphoned off.
These scandals not only tarnished the Congress-led UPA government’s reputation but also contributed to their historic defeat in the 16th Lok Sabha election. As India continues its democratic journey, these episodes serve as cautionary tales about the need for transparency, accountability, and ethical governance.
