possible to analyze the Satyam case under two main different perspectives. The first addresses the conditions that made possible‚ and eventually stimulated‚ the existence of the accounting fraud perpetrated from the company top management. The second one is about the issue of gaps in the company’s control framework‚ which failed miserably in identify and properly address the problems in company financial statements. Analyzing the first aspect listed above‚ seems that Satyam scandal originated‚ in
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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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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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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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challenge in the domain of corporate governance and ethics in the Satyam fiasco. The Satyam scandal shook the corporate India‚ and dented its standing with investors‚ both domestic and foreign. It turned out that founder and CEO B. Ramalinga Raju invented $ 1 billion in cash‚ which never existed. The Satyam scandal brought to attention the importance of ethics and its significance to corporate culture. The scam committed by the founders of Satyam is a proof to the fact that one’s conduct in a huge organization
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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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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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