10 years of financial scams It terms of reform and development‚ the Indian capital market and financial sector have been the fastest to grab every opportunity presented by the paradigm shift in India’s economic policy. Their furious developmental activities have put the two top Indian bourses almost on par with the best in the world‚ in terms of their structure‚ systems and regulation. But for all the development efforts‚ the capital market remains seriously flawed because three key ingredients
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COFFIN SCAM After the armed conflict that took place in 1999 between India and Pakistan in the Kargil sector of India‚ the Comptroller and Auditor General of India (CAG) found abnormalities in the purchase of Coffins for the Martyrs of the Kargil War. The nature of the irregularities committed in clearing certain defense deals mentioned in the CAG’s report showed large irregularities were committed in the purchase of coffins by the Army during the Kargil operation. The caskets that were bought
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CASE STUDY ON THE COBBLER SCAM INDEX Serial Number. Topic Page Number. 1 Introduction 4 2 How the scam unearthed 6 3 People affected by the scam 7 4 Legal Details 7 5 Politicians Implicated in the scam 9 6 Treatment of the scam 13 7 Media Projection 16 8 Conclusion 34 9 Bibliography 36 INTRODUCTION The Cobbler Scam is one of the biggest multi million dollars scam in Indian History‚ is nicknamed The Great Cobbler Scam. What really happened in this Great Cobbler Scam was that various businessman
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INDUS BUSINESS ACADEMY ASSIGNMENT ON A CASE STUDY OF ANY COMPANY DOING FRAUDULENT ACTIVITY AND ITS FURTHER PROCEEDINGS SUBMITTED BY: Radha Gupta FPG/1113/023 COMPANY BACKGROUND:- Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad‚ India. It was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information
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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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Page No. 1 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
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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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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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