This PPT is all about INDIAN scams and black money. It contains short detail about the biggest scams in India.

2. WHAT IS BLACK MONEY?
BLACK MONEY IS :
The currency used in blacl money
The proceeds usually received in cash from underground economic activity
Earned through illegal activity and as such is not taxed

3. SOURCES OF BLACK MONEY
 Gambling
 Undervaluation of asset and over valuation of liabilities
 False income statement
 Drug trafficking
 Weapons trading
 Terrorism
 Prostitution
 Selling counterfeit or stolen goods
 Selling pirated version of copyrighted items such as sofatware and musical recordings and
through any other act forbidden bt law

4. MOVEMENT OF BLACK MONEY
TO BE AT A SAFER SIDE THE RECIPIENTS OF THE BLACK MONEY MOVES THEIR BLACK INCOME
BY USING THE FOLLOWING TWO SOURCES:
 BY HAWALA SYSTEM
 DEPOSITING IN SWISS BANK
 FACT: IF THE SUPLUS AMOUNT AFTER RETAINING THE BLACK MONEY IS INVESTED THE
AMOUNT OF INTREST EARNED WILL BE MORE THAN THE ANNUAL BUDGET OF THE
CENTRAL GOVERNMENT.

5. HAWALA SYSTEM
Hawala:
 Also know as hundi
 Origins in classical islamic law
 An informal value transfer syste
 Based on the performance and honour of a huge network of money brakers
 No promissory instrument
 Fact: after retaining black money even if all the taxes are abolished then also the central
government will be able to maintain the country very comfortably

6. SWISS BANK
 1854- swiss bank corporation (sbc).
 Third largest in switzerland with over 300 billion chf(converted swiss francs) of assets and 11.7
billion chf of equity
 1998-sbc merged with ubs,the largest BANK IN EUROPE AND THE second largest bank in the
world
 The company’s logo – three keys- “ confidence, security and discretion”
 Fact :if the black money is retained the government will have enough money to run the
country for 30 years 3

7. BLACK MONEY AND CORRUPTION
 Black money and corruption are two sides of the same coin.
 Dishonest industrialists,scandalous politicians and corrupt officials have d eposited in
foreign banks in their illegal personal accounts a sum of about 1500 billon dollar
 Fact: if the total black money is recoverrd then every indian can have one tata nano car
andevery new born baby can be gifted with the same for next 1year

8. TOP 5 COUNTRIES GENERATING BLACK
MONEY
 India $1456 billin (nearly 7600000/-crores)
 Russia $470 billion
 U.K $390 billion
 Ukrain $100 billion
 China $96 billion
 Fact: if black money is brought and added to our gdp of rs 55lakh crore our new gdp would
become rs 363 lakh crore ,we will become no.2 after usa in terms of gdp

9. TOTAL BLACK MONEY IN ECONOMY
 Swiss bank revealed india has more money than rest of the world .
 The second highest ,russia has 4 times lesses black money as compared to india
 U.S is not even there in the counting in top five .
 India has more money in swiss banks than all the other countries combined .

10. TOP 5 SCAMS IN INDIA
 2G SPECTRUM SCAM
 COMMONWEALTH GAMES SCAM
 TELGI SCAM
 SATYAM SCAM
 IPL SCAM

11. 2G SPECTRUM SCAM
 Know as india ‘s biggest scam
 Person responsible was telecom minister mr.A.Raja.
 Evaded normas at every level and gave fictitious licenses
 Amount involved in the scam: 1.76 lakh crores

12. COMMONWEALTH GAMES SCAM
Indians hang their head in shame on global front.
Revelations by the central vigilance council:
 Discrepancies in tenders.
 Payments to non-existing parties
 Wilful delays in execution of contracts
 Over inflating price of sports eqipments
 Misapproporiation pf funds
 Person responsible : mr suresh kalmadi
 Amount involved in the scam: rs 35000 crore.

13. TELGI SCAM
 Abdul karim telgi mastered the art of preparing fake stamp papers.
 Sold them to various banks and other financial institutions
 These stamps were sold across 12 states.
 Various government department were involved in the scam
 Persons responsible: abdul karim telgi.
 Amount involved in the scam: 20000 crore.

14. SATYAM SCAM
The scam that shattered the investors:
 The books of accounts were fudged.
 Scam took place for more than a decade
 Revenues and profits were inflated
 Shareholder were kept in the dark
 Biggest corporate fraud
 Person responsible: mr ramalingam raju
 Amount involved: rs 14000 crore

15. THE IPL SCAM
THE SHAME BEHIND ENTERTAINMENT :
 The INDIAN premiere league(IPL) was considered as the best form of entertainment in the
country.
 But slowly its darker side emerged .
 IPl commissioner Mr. Lalit Modi and external affairs minister Mr. Shashi Tharoor were the
persons involved
 Claimed to have stakes in many IPl items.

16. MAJOR REASONS FOR GENERATIONS OF
BLACK MONEY
 High rates of taxes
 Complicated tax- laws
 Numerous controls , licenses and other government regulations
 Lack of control by the government
 Lack of awareness among public
 fact: Total black money of INDIANS in other tax haven countries ( 60 countries ) is Rs 158 lakh
crore. Total black money of INDIANS outsides INDIANS (100-158) is Rs 258 lakh crore

17. CONSEQUENCES OF BLACK MONEY
 Poverty
 Inflation
 Reduces development
 Illegal transfer of funds from india to other countries

18. MEASURES TO TAKES TO REDUCE ‘BLACK
MONEY’
 Amnesty scheme by the govt.
 Simplify /rational tax laws
 Reduce red tapism.
 Use technology for economic intelligence
 Co-ordination with others countries
 Sringent laws to curb money laundering/corruption
 Creations of awareness among students on the evil of black money
 Regulation on election spendings and donations to political parties/organisations.

19. CONCLUSION
 Black money has created a big black hole in INDIAN economy and the entire burden is
beared by the common people of INDIA.
 To stop corruption which creates black,
 We people of INDIA have to come forward
 To fight against corruptions.

20. THANK YOU
Presented By- Amit Kumar