Cycle import scam –1951

SA Venkataraman who was the industrial minister was bribed and he gave the permission to a foreign country for the sale of their company cycles. 

In the year 1951 the then Secretary, Ministry of Commerce and Industry,  S.A. Venkataraman, was jailed for accepting a bribe in lieu of granting a cycle import quota to a company. However, things were quite different in the case of Sirajuddin’s diary. After six years of cycle scam in the year 1956, it was found  that few leaders of Orissa  were giving commission to businessmen. A big businessman of North India, Muhammad Sirajuddin was found guilty. He was owner of many mines and a diary was found with him that  proved that he had relations with many known politicians. But no action was taken in this regard. Consequently, the  news got published after some time. Later the then Minister of Mines and Fuel Keshav Dev Malviya agreed that  he took Rs. 10,000 from a mining owner of Orissa commission. Later, Malviya had to resign under pressure from Nehru.