The 2G spectrum scam involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses‚ which they would use to create 2G subscriptions for cell phones. According to a report submitted by the Comptroller and Auditor General based on money collected from 2G licenses‚ the loss to the exchequer was 176‚379 crore (US$38.27 billion) . The issuing of the 2G licenses occurred in 2008‚ but the scam came to public notice when
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Enron and its Associates Used Questionable Accounting Practices Clearly‚ there have been cases where management knowingly deceived the auditors. Then there seem to be other instances where the accounting treatment envelope was pushed just a bit too far. In the case of Enron‚ David B. Duncan‚ the former Andersen partner in charge of the Enron audit who was the government’s chief witness in the trial against Arthur Andersen‚ stood behind the decisions that resulted in the widespread use of off-balance
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A Report On Seminar on Contemporary Issues Titled “------------------- (Title of the Seminar Project) -----------------------” Submitted in partial fulfillment for the Award of degree of Master of Business Administration (MBA) Submitted By Submitted To Name of Student ------------- Dr. Manish
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THE HARSHAD MEHTA SCAM INTRODUCTION: Harshad Shantilal Mehta was born in a Gujarati Jain family of modest means. His early childhood was spent in Mumbai (Kandivali) where his father was a small-time businessman. After completing his secondary education Harshad left for Bombay. While doing odd jobs he joined Lala Lajpat Rai College for a Bachelor’s degree in Commerce. After completing his graduation‚ Harshad Mehta started his working life as an employee of the New India Assurance Company. During
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Republic of the Philippines Leyte Normal University Social Work Department Tacloban City Subject: HBSE2: PHILIPPINE SOCIAL REALITIES & SOCIAL WELFARE Title: ISSUE ANALYSIS PAPER (PDAF scam) Date Submitted: September 30‚ 2013 PRIORITY DEVELOPMENT ASSISTANCE FUND (PDAF) I. INTRODUCTION The history of ‘pork barrel’ started way back on 1922‚ during the American colonial period. The PDAF in its current form was reintroduced on 1986 during Corazon Aquino’s administration with the creation
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The 2G spectrum scam in India involved the issue of 1232 licenses by the ruling Congress-led UPA alliance[1] of the 2G spectrum to 85 companies[1] including many new telecom companies with little or no experience in the telecom sector at a price set in the year 2001. The scam involved allegations regarding the under pricing of the 2G spectrum by the Department of Telecommunications which resulted in a heavy loss to the exchequer‚ and the illegal manipulation of the spectrum allocation process to
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law & legal definition | 5 | 5. | Definition of scam | 7 | 6. | When stock fraud occurs | 8 | 7. | Financial statement fraud | 10 | 8. | Features of security scam | 12 | 9. | How to spot stock scams | 13 | 10. | Avoiding stock market fraud & scams | 14 | 11. | Indicators for scams | 15 | 12. | Top 10 stock market scams | 16 | 13. | Top 10 scamster of India | 20 |
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Harshad Mehta Scandal Harshad Mehta was an Indian stockbroker caught in a scandal beginning in 1992. He died of a massive heart attack in 2001‚ while the legal issues were still being litigated. Early life Harshad Shantilal Mehta was born in a Gujarati jain family of modest means. His father was a small businessman. His mother’s name was Rasilaben Mehta. His early childhood was spent in the industrial city of Bombay. Due to indifferent health of Harshad’s father in the humid environs of Bombay‚
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P200 million each. ( Tamayo‚ Adrian.. 2011. Pork Barrel‚ Philippine Politics and the Economy) Retrieved from http://philippine-democracy.blogspot.com/2011/07/pork-barrel-and-philippine-politics-and.html. In the year 2013‚ the expose of pork barrel scam was publicity
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Running Head: FODDER SCAM FODDER SCAM D.Shyam Sunder () Fairleigh Dickinson University MADS 6604 ETHICS AND PUBLIC VALUES Professor: Brenda Lyshaug 8thJuly 2013 The Scam: The Fodder Scam winding some hundreds of millions of dollars in alleged fraudulent manner from the government treasury of Bihar state for fodder‚ medicines and animal husbandry supplies for non-existent livestock. The Fodder Scam was a corruption scandal .The scam was said to have its origins in small-scale embezzlement
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