The Great Indian Loot

Few days back while browsing the net I Came across a Book on Google books which holds the complete accounts of the Trade and Tax revenue of the British East India Company. People in India are always, since childhood, been taught that the Britishers Looted, plundered India and such ignorant things. But what about the Indian Politicians, who do the same thing. The British East India revenue records show us how much the company had taken away from India. I have taken  into consideration the period when East India Company Flourished till the queen dissolved it in 1857. The total span is about 64 years and the total Span of India's independence is also about 66 years. It becomes easy to compare the total amount of wealth drained from India during both the reigns . 

From the Record

To an show the state of the Company's finances at home and abroad, submitted to the select Committee of the House of Commons, on the 1st of April, 1808, by the Court of Directors, an account was annexed, showing the amount of the Indian revenues and charges, and of the surplus or deficit of 

the former, from 1793-4 to 1807-8 inclusive, together with the state of the Indian debt through the same space of time. From this account the following 
extract is made in the document referred to, for the purpose of illustrating the position, that though the revenues of India have greatly increased, the expenditure has risen in a still greater degree.

* 2d Report, page 62. 

183 

In 1793, when the revenue was only eight million per Year, there was a surplus of £ 1,600,000; while in 1807-8, the second year of peace, when 
the income had advanced to fifteen millions a year, there was a deficiency of £ 19,097. 

So if we assume that the company had been making the Revenue of Fifteen million pounds per year from 1793 till 1857. Then we will get the amount of around 9.6 billion Pond (assuming that around 150% of growth in the value of British Pound, the actual amount in today’s time would be 14.4 billion pounds)

The above information is from the report of the committee of the House of Commons at the British Parliament.

In short

The period is about 64 years. The East India Company Rule in India and flourished in year 1793 and ended after the revolt of 1856 when the Queen dissolved the company and took the Indian provinces under her governance.

Now, after independence in 1947 India is governed by the Indian politicians. The government changed and the rules changed, but what had not changed is the idea of looting India. Now, let’s believe that the East India Company has taken approximately 150 billion pounds as illegal money i.e. around 225 billion pound and around 395 billion Dollars of today’s time.

Lets compare and see the figures with Indian political Scams since 66 years of independence.

·         Indian Coal Mine controversy-------------------------------------------------1855913.4 million (US$34 billion)

·         Karnatak wakf Board Land Scam-------------------------------------------2000 billion (US$37 billion)

·         UP NRHM Scam Mayawati---------------------------------------------------100 billion (US$1.8 billion)

·         DIAL Scam------------------------------------------------------------------------1669723.5 million (US$31 billion)

·         Highway scam-------------------------------------------------------------------700 million (US$13 million)

·         ISRO's S-band scam-----------------------------------------------------------2000 billion (US$37 billion)

·         Arunachal Pradesh PDS scam---------------------------------------------10 billion (US$180 million)

·         Bihar land scam-----------------------------------------------------------------4 billion (US$74 million)

·         SNC lavalin power project scam--------------------------------------------3.74 billion (US$69 million)

·         Bihar fodder scam --------------------------------------------------------------9.5 billion (US$170 million)

·         Purulia arms drop case* The Mundhra scandal-------------------------12 million (US$220,000)

·         Jeep scandal ---------------------------------------------------------------------8 million

·         Nagarwala scandal-------------------------------------------------------------6 million (US$110,000)

·         Commonwealth Games scam------------------------------------------------700 billion (US$13 billion)

·         Granite scam in Tamil Nadu Loss of about------------------------------160 billion (US$2.9 billion).

·         Maharashtra Irrigation Scam – Loss of about---------------------------720 billion (US$13 billion).

·         Kinetic Finance Limited Scam – Banks lost about----------------------2 billion (US$37 million)

·         Ultra Mega Power Projects Scam – Central government lost--------290.33 billion (US$5.3 billion)

·         Andhra Pradesh land scam---------------------------------------------------1000 billion (US$18 billion)

·         Forex derivates scam----------------------------------------------------------320 billion (US$5.9 billion)

·         Service tax and Central Excise Duty fraud--------------------------------191.59 billion (US$3.5 billion)

·         Gujarat PSU financial irregularities------------------------------------------170 billion (US$3.1 billion)

·         Maharashtra stamp duty scam-----------------------------------------------6.4 billion (US$120 million)

·         MHADA repair scam------------------------------------------------------------1 billion (US$18 million)

·         Flying Club fraud-----------------------------------------------------------------1.9 billion (US$35 million)

·         Jammu and Kashmir Cricket Association scam--------------------------500 million (US$9.2 million)

·         Punjab paddy scam--------------------------------------------------------------180 million (US$3.3 million)

·         Uttar Pradesh stamp duty scam----------------------------------------------1200 crore (US$220 million)

·         Uttar Pradesh horticulture scam----------------------------------------------700 million (US$13 million)

·         Uttar Pradesh palm tree plantation scam----------------------------------550 million (US$10 million)

·         Uttar Pradesh seed scam------------------------------------------------------500 million (US$9.2 million)

·         Patiala land scam-----------------------------------------------------------------2.5 billion (US$46 million)

·         Tax refund scam-------------------------------------------------------------------30 million (US$550,000)

·         MSTC gold export scam ------------------------------------------------------- 4.64 billion (US$85 million)

2011

·         Tatra scam--------------------------------------------------------------------------7.5 billion (US$140 million)

·         NTRO scam-------------------------------------------------------------------------8 billion (US$150 million)

·         Bruhat Bengaluru Mahanagara Palike scam------------------------------32.07 billion (US$590 million)

·         Orissa pulse scam----------------------------------------------------------------7 billion (US$130 million)

·         Kerala investment scam --------------------------------------------------------10 billion (US$180 million)

·         Mumbai Sales Tax fraud---------------------------------------------------------10 billion (US$180 million)

·         Maharashtra education scam---------------------------------------------------10 billion (US$180 million)

·         Bihar Solar lamp scam------------------------------------------------------------400 million (US$7.4 million)

·         BL Kashyap – EPFO scam-------------------------------------------------------  1.69 billion (US$31 million)

·         Stamp Paper scam (not to be confused with Telgi Scam)----------------23.4 million (US$430,000)

2010

·         2g Spectrum Scam------------------------------------------------------------------1760 billion (US$32 billion)

·         Andhra Pradesh Emmar scam---------------------------------------------------25 billion (US$460 million)

·         Madhya Pradesh MGNREGA scam----------------------------------------------90 million (US$1.7 million)

2009

·         Rice export scam –--------------------------------------------------------------------25 billion (US$460 million)

·         Orissa mining scam ------------------------------------------------------------------70 billion (US$1.3 billion)

·         Austral Coke scam --------------------------------------------------------------------10 billion (US$180 million)

·         Gujarat's VDSGCU Sugarcane scam --------------------------------------------187 million (US$3.4 million)

2008

·         State Bank of Saurashtra scam----------------------------------------------------950 million (US$17 million)

·         Army ration pilferage scam –--------------------------------------------------------50 billion (US$920 million)

·         Jharkhand medical equipment scam –------------------------------------------1.3 billion (US$24 million)

·         Paazee Forex scam –-----------------------------------------------------------------8 billion (US$150 million)

2006

·         Punjab city centre project scam --------------------------------------------------–15 billion (US$280 million)

·         Uttar Pradesh ayurveda scam ----------------------------------------------------–260 million (US$4.8 million)

2005

·         Taj Co-operative Group Housing Scheme scam ----------------------------40 billion (US$740 million)

·         Bihar flood relief scam –-------------------------------------------------------------170 million (US$3.1 million)

2003

·         Up Food Grain Scam Mayawati and Mulayam Singh-------------------------350 billion (US$6.4 billion)

2002

·         Stamp paper scam---------------------------------------------------------------------200 billion (US$3.7 billion)

2000

·         UTI scam –-------------------------------------------------------------------------------320 million (US$5.9 million)

1996

·         C R Bhansali scam -------------------------------------------------------------------–11 billion (US$200 million)

·         Fertiliser import scam ----------------------------------------------------------------–1.33 billion (US$24 million)

1995

·         Meghalya forest scam –----------------------------------------------------------------3 billion (US$55 million)

·         Preferential allotment scam –---------------------------------------------------------50 billion(US$920 million)

·         Yugoslav Dinar Scam –-----------------------------------------------------------------4 billion (US$74 million)

1992

·         Harshad Mehta securities scam –----------------------------------------------------50 billion (US$920 million)

·         Indian Bank scandal –-------------------------------------------------------------------13 billion (US$240 million)

1981

·         Cement Scam involving A R Antulay ---------------------------------------------- 300 million (US$5.5 million)

1976

·         Kuo oil scandal --------------------------------------------------------------------------–22 million (US$400,000)

1960

·         Teja loan scandal ------------------------------------------------------------------------220 million(US$4.0 million)

1956

·         BHU funds misappropriation –--------------------------------------------------------5 million (US$92,000)

   

Whew, it took me two hours to write down all these scams and scandals from Wikipedia, I could not calculate the total of all these numbers but you if guys can do it, then please write the total in the comment box.  But it then we will take the approximate total it should be around 15 Trillion Dollars more then what the British took away from us with in the span of 64 years. It’s a big reason to worry.  

Now for the Winner of the Great Indian Loot is...... the politicians.....Hurry...... congratulations.....

Source Internet