A 2005 study conducted by Transparency International in India found that more than 45% of Indians had first-hand experience of paying bribes or influence peddling to get jobs done in public offices successfully.
Transparency International estimates that truck drivers alone pay US$5 billion in bribes annually.
India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (approximately USD 1.4 trillion) in the form of black money Click here for details.
Since 1995, Transparency International (TI) publishes the Corruption Perceptions Index (CPI) annually ranking countries "by their perceived levels of corruption, as determined by expert assessments and opinion surveys." The CPI generally defines corruption as "the misuse of public power for private benefit." Click here for details.
In the last 3 years alone and only considering scams which are in public knowledge; the scams amount to over US$ 50 Billions.
- Madhu Koda mining scam: Over
- Uttar Pradesh food grain scam:
- Belekeri port scam:
- 2010 housing loan scam in India:
- Commonwealth Games Scam:
- 2G spectrum scam :
- Bellary mines:
- Hasan Ali Khan:
In January 2011 the Supreme Court of India asked why the names of those who have stashed money in the Liechtenstein Bank have not been disclosed The court argued that the government should be more forthcoming in releasing all available information on what it called a "mind-boggling" amount of money that is believed to be held illegally in foreign banks.
The total amount of black money deposited in foreign banks by Indians is unknown, but one estimate by R Vaidyanathan, a Professor of Finance, estimated the total at over Rs 7,280,000 Crores (USD $1.4 trillion). Click here for details.
