Introduction to scams Various scams‚ scandals and stigmas that have surfaced in the recent years. These may not all be attributable to the antics and bungling of politicians‚ but they have been facilitated largely because of the vitiated atmosphere that the politicians and the political system have created in the country. Scams and scandals have manifested themselves in large numbers over the past few years. The latest‚ the Petrol Pump Scam concerning 3‚158 allotments of petrol pumps‚ LPG agencies
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Introduction - ethics 4 2 Business Ethics 4 3 Overview of Issues in Business Ethics 5 4 Satyam 8 5 Controversies 9 6 Details of Satyam Scam 10 7 Analysis 13 8 Conclusion 15 Ethics. Ethics is a branch of philosophy which seeks to address questions about morality‚ such as how a moral outcome can be achieved in a specific situation
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Commonwealth Games… The insights – Intro: The Commonwealth Games Scam - Tuesday‚ 03.08.2010 The 2010 Commonwealth Games are the nineteenth Commonwealth Games‚ and the ninth to be held under that name. The Games are scheduled to be held in Delhi‚ India between 3 October and 14 October 2010. The games will be the largest multi-sport event conducted to date in Delhi and India generally‚ which has previously hosted the Asian Games in 1951 and 1982. The opening ceremony is scheduled to take place
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Phishing Scams The electronic world is embracing consumers and criminals. According to Report on Phishing by Binational Working Group on Cross-Border Mass Marketing Fraud‚ when internet users receive emails from trusted web sites such as famous financial institution‚ these emails redirect internet users to phony web sites that appear similarly to famous banks web sites. In addition‚ many customers are receiving phone calls from person who claims that he is working with famous financial
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Colgate Scam is the recent coal scandal that happened in the country due to poor allocation of coal blocks. This scam is also called the “Mother of all scams’. CAG report shows that private companies had gain around Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding‚ which amounted to the loss to national exchequer.194 coal blocks were not auctioned between 2004 and 2011 which causes these huge losses. The losses occurred in a way that
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Coal allocation scam or Coalgate‚[1] as referred by the media‚ is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (PSEs) and private companies. In a draft report issued in March 2012‚ the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004-2009. Over the Summer of 2012‚ the opposition BJP lodged a complaint resulting
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The social relevance of phishing scams in a global era: From present to future TABLE OF CONTENT TABLE OF CONTENT 2 ABSTRACT 3 INTRODUCTION 4 Six common ways about phishing scams 5 POTENTIAL SOCIAL IMPACTS 6 IMPACT ON PEOPLE 7 CONCLUSION 8 REFERENCE LIST 9 ABSTRACT Because of the development of technology‚ people are using email more and more often than before to purchasing‚ online-banking. etc. There are lots of emails are used actively in users communication‚ users must
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Reebok scam Rs 870 crore corporate fraud in the operation of Reebok India have detected a systemic "mismanagement" in the business planning and running of the company reportedly done by some of its officials and employees. "The governance and operations in the company were mismanaged. The bills were inflated and not recorded correctly. So‚ the probe clearly indicates that it was not a corporate scam in the apparel manufacturing firm but it was non-adherence to the rules and guidelines of business
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Satyam scam Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. The company offers information technology (IT) services spanning various sectors‚ and is listed on NSE‚ BSE‚ the New York Stock Exchange and Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing
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SCAMS IN INDIA Named scandals in India | Scandal | Year reported | Scope INR crore | Location | Key players | Summary | 2012 Indian coal mining controversy | 2012 | 185591.34 | nation | Comptroller and Auditor General of India‚ the coal ministry‚ many electricity boards and private companies | coal blocks allotted‚ not auctioned‚ leading to estimated losses as per the Comptroller and Auditor General of India[1][2][3] | Karnataka Wakf Board Land Scam | 2012 | 200000 | Karnataka | | [4][5]
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