What does ABCD mean in MISCELLANEOUS
ABCD stands for Adarsh Scam, Bofors Scam, Coal Scam and various other scams that have occurred in India. The word ABCD is an acronym that references the most commonly known scandals of India and the fraud associated with it. These frauds have caused significant damage to the people of India as well as to the country’s economy. The purpose of this article is to provide a comprehensive overview of what ABCD means in MISCELLANEOUS and its full form.
ABCD meaning in Miscellaneous in Miscellaneous
ABCD mostly used in an acronym Miscellaneous in Category Miscellaneous that means Adarsh Scam, Bofors Scam, Coal Scam, and so on
Shorthand: ABCD,
Full Form: Adarsh Scam, Bofors Scam, Coal Scam, and so on
For more information of "Adarsh Scam, Bofors Scam, Coal Scam, and so on", see the section below.
What does ABCD Stand for
ABCD stands for Adarsh Scam, Bofors Scam, Coal Scam and more. It is an acronym for a series of financial frauds that were exposed in India over the past few decades. The Adarsh scam involved corruption among senior military officials who acquired real estate at below market rates while the Bofors scandal involved kickbacks from arms deals between India and Sweden. The Coal scam was also revealed when coal mines had been allocated illegally without competitive bidding process. These scams led to loss of public funds amounting to thousands of crores rupees and even imprisonment in certain cases.
ABCD Meaning In MISCELLANEOUS
In MISCELLANEOUS, ABCD is an acronym which stands for Adarsh Scam, Bofors Scam, Coal Scam and other various financial frauds which has caused immense damage to people of India as well as its economy due to vast amounts of public funds lost due to such activities. This acronym is used by law enforcement agencies to define these various scams so that they can be easily identified when dealing with issues related to it from time-to-time.
Essential Questions and Answers on Adarsh Scam, Bofors Scam, Coal Scam, and so on in "MISCELLANEOUS»MISCELLANEOUS"
What is the Adarsh Scam?
The Adarsh Housing Society scam involves allegations of a conflict of interest with politicians, bureaucrats, and military officers using their influence to gain membership of a Mumbai-based society meant for the families of war heroes and widows. This allowed them to gain illegal access to prime real estate in downtown Mumbai.
Who was involved in the Bofors Scam?
The Bofors scandal that broke out in 1987 centred on allegations that Swedish arms manufacturer Bofors had paid kickbacks to Indian politicians and key defence officials to secure an arms deal. Rajiv Gandhi and his close associates were alleged by investigative agencies to be among those receiving kickbacks.
What is Coal Scam?
The Coal Scandal or "CoalGate" as it came to be known, was a political scandal concernng irregularities in the allocation of coal mining licences by then Prime Minister Manmohan Singh's government between 2004 and 2009. Allegations included officials overstating profits by manipulating records maliciously, causing losses of up to Rs 1.86 lakh crore ($59 billion) for public sector units such as Coal India Limited (CIL).
How did the 2G Spectrum scam take place?
The 2G Spectrum scam refers to irregularities in awarding spectrum licenses at low prices under A Raja who was telecommunications minister from 2007-2010. He allegedly favoured certain telecom operators by not verifying their company accounts which had misstated profits and given them a huge windfall beyond market rates.
What is VVIP Chopper Scam?
In this case, two companies — AgustaWestland and Finmeccanica — are alleged to have bribed top politicians through middlemen for acquiring helicopter contracts during UPA government’s reign. As per reports from Enforcement Directorate (ED), former Air Force Chief SP Tyagi along with family members received kickbacks from AgustaWestland when they were scouting for helicopters needed for VVIP flying services.
Who are involved in Commonwealth Games Scam?
According to various sources, several high-ranking government officials are accused of taking bribes over inflated project costs related to organizing events for the 2010 Commonwealth Games held in New Delhi. Former chief minister Sheila Dixit has been named as one such official but no charges have been pressed against her yet.
How did Satyam fraud happen?
Satyam fraud took place when founder B Ramalinga Raju falsely inflared revenue figures alongwith bank balances, assets etc.,in order to show profits which allowed him to raise funds through different instruments like FCCBs & ADRs . He was finally convicted by the Andhra Pradesh court.
What is CWG Land Grabbing Case?
Commonweath Games land grabbing case refers to a land grabbing scandal pertaining to commercially developed properties near stadiums used for the 2010 Commonwealth Games held in Delhi. Several people associated wth sports federations were accused of conspiring with builders while buying these lands at discounted prices which caused huge lossage
Final Words:
ABCD is a very important acronym which not only highlights some major financial frauds that have taken place in India but also serves as an eye opener so individuals are aware about such scams that occur from time-to-time. It facilitates easy identification by law enforcement agencies so they can take required steps against any fraudulent activity they come across during their investigations into cases involving financial irregularities.
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