The biggest scam of 2020!
Just when India was on the verge of forgetting it's past financial disasters and was recovering from the massive financial blow that Covid gave, came out one of the biggest scams of the India which may effect the Indian economy like no other previous scams. I am talking about the Transstroy scam. This scam is reported of a huge amount of ₹ 7,926 crores. First let's talk about Transstroy. Transstroy is a company from Hyderabad. It was incorporated in 2001 and it had interests in the infrastructure sector. And considering one of the directors happened to be a former MP from Andhra Pradesh, they had no problems accessing loans and government contracts. But there are many allegations surrounding the company right off the bat. In fact, when Transstroy bagged the ill- fated Polavaram irrigation project in Andhra Pradesh, many cried foul over the decision. It was alleged that Transstroy and its Russian joint venture partner had submitted fake documents, claiming they had built dam