![]() These scams have just not led to the loss of millions of rupees but have also affected the economy in a major way. ![]() Post-liberalization period, Indian economy has witnessed several scams like Harshat Mehta Scam in 1992, Fodder Scam 0f 1996, UTI Scam of 2001, Satyam Scandal and most recently the 2G scam. This paper discusses the gravity of the problem, how scams affect the economy, and a few major scams witnessed by the country. Scams may be defined as persistent manipulation of public funds, the prevention of which resulted in the formation of SEBI. These include, in reverse chronological order, the 2G scam, Satyam Scandal, UTI Scam, Fodder scam, and the Harshat Mehta scam. India has been home to several scams post 1992, resulting to losses amounting to lakhs of crores of rupees to the economy.
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