40 Years Ago... And now: Scandals that shook India

Italian businessman Ottavio Quattrocchi arrives at an Argentine courthouse for a hearing to extradite him to India for his alleged role in the Bofors gun payoff case of the late 1980s, in this June 2007 file photo. Quattrocchi died of a heart attack on July 13, 2013. 

1980s: Bofors Bungle


‘Big Bull’ Harshad Mehta (pictured) and his two brothers, Ashwin and Sudhir, were arrested in connection with a case of alleged misappropriation of 2.7 million shares of 90 blue-chip companies.

November 9, 1992: The 'Big Bull'

Satyam Computer founder B Ramalinga Raju and his brother B Rama Raju were arrested after the former admitted to a Rs 7,800-crore financial fraud through inflating the IT company’s books over several years. 


January 9, 2009: The Satyam Fraud

Former Communications & IT Minister A Raja, arrested in connection with the Rs 1.76-lakh-crore 2G telecom spectrum allocation scam, being produced at a court in New Delhi.

February 3, 2011: The 2G Spectrum Scam

Sahara group chief Subrata Roy was arrested in March 2014, and has been in jail since, in connection with a default on refund to investors by two group companies. 

March 4, 2014: Sahara's Default Woes

Jignesh Shah, promoter of Financial Technologies, was arrested in relation with a Rs 5,600-crore payment fraud at National Spot Exchange Ltd, a group company. 