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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BACKGROUND 2. RAMALINGA RAJU AND THE SATYAM SCANDAL 2.1 FACTORS LEADING TO THE FRAUD 2.2 AFTERMATH OF THE SATYAM SCANDAL 2.3 VICTIMS OF THE SCANDAL 2.4 CORPORATE GOVERNANCE ISSUES AT SATYAM 2.5 ETHICAL DILEMMAS FACED BY RAJU 1.1 INDIA IN THE GLOBAL ECONOMY 1.2 MERGENCE OF SATYAM COMPUTER SERVICES E 3. HOSMER’S SIX STEP PROCESS 4. LESSONS LEARNED 5. RECOMMENDATIONS 8. CONCLUSION 2 EXECUTIVE SUMMARY ________________________________________________________
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political harassment of the highest order‚ " Bunye said‚ "We have nothing to hide but we will not stoop down to the level of media grandstanding." Below is the joint committee’s findings on the alleged involvement of Arroyo in the fertilizer fund scam: The Committees recommend that President Gloria Macapagal-Arroyo must be held accountable in the mismanagement of the fertilizer fund and take it upon herself to institute measures to correct the flaws in her administration. It bears knowing 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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2010 - Indian scam Decade of worth `.73000000000000 India a.k.a Mother India - Land of over Democracy‚ has been denigrated by Greed‚ graft‚ politics‚ bribery & dirty money. As we are coming to an end of a scammed year (hopefully the last). It might be exasperating to many Indians that the worth of this decade’s scams has reached a new high of 73 Lakh crores. It’s hard to digest isn’t it? Here are the details (year wise): 2001 - UTI scam `. 4‚800 cr Dinesh Dalmia stock scam `. 595 cr Ketan
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“Anna Hazare’s Leadership” and Anti –corruption campaign in India 16th august 2011‚ was a day of vanity in Indian history which has putted curiosity among most of Indians. Many of us coveted to be part of the activities happening all around in Delhi‚ a wish to join hands with Anna Hazare. It was really hard to believe that a tenacious soldier could turn into an anti-corruption crusader by brilliantly executing an amazing series of checks and counter checks‚ leading to eventual checkmate. It was
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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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Satyam Scam – Indian Corporate Fraud THE SATYAM SCAM… (RAJU NOT THE GENTLEMAN) India’s Enron ‚ the biggest corporate fraud of Indian History The recent disclosure by the chairman of Satyam Computers‚ Ramalinga Raju uncovered the biggest corporate fraud of India which by some has been regarded as similar to Enron. The letter sent by Raju to the board of Satyam ‚regulator‚ exchanges shocked the whole country and company’ s share at the exchanges hitted a life low of 30 from the intraday high
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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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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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