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The Great Indian Scams
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By one estimate, the amount stashed by Indian politicians in foreign bank accounts totals around US $110 billion.
The Indian national budget is approximately $65 billion. The total industrial infrastructure development India needs to be at par with some of the developed countries is around $150 billion. Additionally, this amount equals the cost of 366 nuclear reactors at the cost of $300 million dollar each.
This is just the tip of the iceberg. Other scams have included the Treasury scam, Panchayat Scam, Fishery Scam, Cooperative scam, Dairy scam, Food Ministry scam, Lottery scam, and various hospital scams.
In addition, the system has produced many a jewel:
(Figures are as per chargesheets of the Central Bureau of Investigation)
This is without the mention of luminaries like Jayalalitha and Laloo Prasad Yadav. All these great men and women have emerged in the past decade and is only a miniscule fraction of the amount of wealth that has been generated by these exceptional strategies and their predecessors over the past 50 years.
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Sunit Katkar is a cool guy in San Diego |
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