this presentation will help u 2 get more information about adarsh housing scam............which was a huge corruption related to military during the year 2008.................
The Adarsh housing scam involved the illegal allocation of apartments in a Mumbai housing society meant for Kargil war heroes. Politicians like Ashok Chavan and Vilasrao Deshmukh approved the project. Flats were allotted to politicians, bureaucrats and their relatives at a fraction of the market price. An investigation found the project violated environmental laws and was not meant for war heroes as claimed. Both Chavan and Deshmukh denied wrongdoing in their responses to the inquiry. The scam highlighted the deep corruption in Indian politics.
ICICI Videocon loan case - NIFTEM MBA ActivitySiddartha B
Presentation gives the complete timeline of ICICI- Videocon Loan Case study. What happened to Rs 3,250 cr ?? What all happened from last 10 years?? Why Chanda Kochhar have pay back Rs 9.5 Cr Bonus from ICICI?
Ketan Parekh took advantage of low liquidity in certain stocks known as the K-10 stocks to gain significant stakes in them. As the stock market boomed from 1999-2000, the prices of these stocks rose substantially. Parekh borrowed heavily from banks and companies by pledging the inflated shares as collateral. This led to a stock market crash in 2001 when the prices fell, with investigations revealing Parekh moved around Rs. 64 billion illegally. The crash hurt many investors and banks that had exposure to Parekh and the K-10 stocks.
This assignment is done by the students of Shaheed Bhagat Singh College,UNIVERSITY OF DELHI.
The Rise and Fall of Chanda kochhar is all about the story of struggle for the top and fall from the grace.
It cover the several dimensions which reflects the human nature of desire and greed.
Consists the series of events happened and the gist of fraudulent occurs in one of the India's largest bank.
Chanda Kochhar is the former CEO of ICICI Bank who stepped down in 2018 amid allegations of nepotism and corruption in providing loans to Videocon Group. She faces charges related to a Rs 3,250 crore loan given to Videocon which later turned NPA. Her husband Deepak Kochhar's company received an investment from Videocon after the loan, representing a conflict of interest. The CBI and ED are investigating these charges and have filed cases against Chanda Kochhar.
The document summarizes the Sahara India scam case involving two Sahara group companies, Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corporation (SHICL). The companies raised around Rs. 24,000 crores from over 2 crore investors through optionally fully convertible debentures (OFCDs) without SEBI permission. After an investigation, SEBI found several violations and ordered Sahara to return the money to investors. However, Sahara challenged SEBI's orders in courts for years before the Supreme Court finally ruled in favor of SEBI in 2012 and ordered Sahara to repay investors.
Ketan Parekh was a stock broker in Mumbai who manipulated the Indian stock market between 1999-2001, causing prices of some stocks to rise dramatically then crash. He did this through forming a network of brokers, targeting certain stocks, and using borrowed money to continually purchase shares to inflate prices. However, the scheme collapsed as prices fell and his borrowing was uncovered, causing major losses and reforms to India's stock market regulations and oversight.
The Adarsh housing scam involved the illegal allocation of apartments in a Mumbai housing society meant for Kargil war heroes. Politicians like Ashok Chavan and Vilasrao Deshmukh approved the project. Flats were allotted to politicians, bureaucrats and their relatives at a fraction of the market price. An investigation found the project violated environmental laws and was not meant for war heroes as claimed. Both Chavan and Deshmukh denied wrongdoing in their responses to the inquiry. The scam highlighted the deep corruption in Indian politics.
ICICI Videocon loan case - NIFTEM MBA ActivitySiddartha B
Presentation gives the complete timeline of ICICI- Videocon Loan Case study. What happened to Rs 3,250 cr ?? What all happened from last 10 years?? Why Chanda Kochhar have pay back Rs 9.5 Cr Bonus from ICICI?
Ketan Parekh took advantage of low liquidity in certain stocks known as the K-10 stocks to gain significant stakes in them. As the stock market boomed from 1999-2000, the prices of these stocks rose substantially. Parekh borrowed heavily from banks and companies by pledging the inflated shares as collateral. This led to a stock market crash in 2001 when the prices fell, with investigations revealing Parekh moved around Rs. 64 billion illegally. The crash hurt many investors and banks that had exposure to Parekh and the K-10 stocks.
This assignment is done by the students of Shaheed Bhagat Singh College,UNIVERSITY OF DELHI.
The Rise and Fall of Chanda kochhar is all about the story of struggle for the top and fall from the grace.
It cover the several dimensions which reflects the human nature of desire and greed.
Consists the series of events happened and the gist of fraudulent occurs in one of the India's largest bank.
Chanda Kochhar is the former CEO of ICICI Bank who stepped down in 2018 amid allegations of nepotism and corruption in providing loans to Videocon Group. She faces charges related to a Rs 3,250 crore loan given to Videocon which later turned NPA. Her husband Deepak Kochhar's company received an investment from Videocon after the loan, representing a conflict of interest. The CBI and ED are investigating these charges and have filed cases against Chanda Kochhar.
The document summarizes the Sahara India scam case involving two Sahara group companies, Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corporation (SHICL). The companies raised around Rs. 24,000 crores from over 2 crore investors through optionally fully convertible debentures (OFCDs) without SEBI permission. After an investigation, SEBI found several violations and ordered Sahara to return the money to investors. However, Sahara challenged SEBI's orders in courts for years before the Supreme Court finally ruled in favor of SEBI in 2012 and ordered Sahara to repay investors.
Ketan Parekh was a stock broker in Mumbai who manipulated the Indian stock market between 1999-2001, causing prices of some stocks to rise dramatically then crash. He did this through forming a network of brokers, targeting certain stocks, and using borrowed money to continually purchase shares to inflate prices. However, the scheme collapsed as prices fell and his borrowing was uncovered, causing major losses and reforms to India's stock market regulations and oversight.
The Sahara India Pariwar investor fraud case is the case of the issuance of Optionally Fully Convertible Debentures issued by the two companies of Sahara India Pariwar to which Securities and Exchange Board of India had claimed its jurisdiction and objected on why Sahara has not taken permission from it.
The scam can be categorized as capital market scam
in which it is done by manipulating the facts in order to attain enormous funds.
There are four different aspects of the scam.
Diversion of funds
Intra day trading
Use of ready forward to maintain SLR
Fake bank recipts
Sahara raised ~Rs. 24,000 crores from investors through optionally fully convertible debentures issued by two of its companies without complying with SEBI regulations. SEBI issued notices to Sahara, which appealed to courts. The Supreme Court ultimately ruled in favor of SEBI, directing Sahara to refund investors and comply with regulations. However, Sahara has still not fully refunded all amounts owed as disputes around investor verification continue. The case established SEBI's authority over public fund raising, even by unlisted companies.
1) Yes Bank faced a crisis in 2020 when the RBI placed it under moratorium due to high levels of bad loans and a deteriorating financial position.
2) The RBI capped withdrawals at Rs. 50,000 per account for a month due to issues such as poor governance and an inability to raise fresh capital.
3) A revival plan was announced where SBI would acquire a 49% stake in Yes Bank and inject capital, while other investors would purchase the remaining shares. This aimed to address the bank's troubled finances and restore depositors' confidence.
Chanda Kochhar, the former CEO of ICICI Bank, faces allegations of conflicts of interest regarding a large loan the bank provided to Videocon Group. Questions arose because her husband had business dealings with Videocon's founders. While the bank defended the loan, issues around ethics, propriety, and corporate governance have damaged Kochhar's reputation and weakened her leadership. The CBI investigation also implicated Kochhar and her husband as beneficiaries in the financial fraud regarding the Videocon loan.
1) ICICI Bank was originally promoted in 1994 and was originally a wholly-owned subsidiary of ICICI Limited, an Indian financial institution. Over time, ICICI's ownership was reduced through public offerings and acquisitions.
2) The document discusses ICICI Bank's mission, vision and CSR initiatives which focus on education, healthcare, skill development, financial inclusion and rural development.
3) It provides details on ICICI Bank's investment products and services like equities, bonds, mutual funds, real estate, precious metals, and life insurance; and average historical returns for each.
This document summarizes the Ketan Parekh scam, a major corporate fraud that occurred in India in the late 1990s and early 2000s. The scam was perpetrated by stockbroker Ketan Parekh, who took advantage of low liquidity in certain stocks to artificially inflate their prices. This caused other investors to invest heavily in these "K-10 stocks." When the scam was revealed in 2001, it triggered a major crash in the stock market that shook investor confidence in India. In the aftermath, SEBI launched investigations and Parekh was arrested for fraudulently obtaining $20 million from Bank of India. The scam exposed regulatory lapses and highlighted the need for reforms to protect small investors.
This document summarizes a controversy involving loans from ICICI Bank to Videocon group companies. In 2012, a consortium of 20 banks including ICICI Bank provided a Rs. 40,000 crore loan to Videocon, of which ICICI Bank provided Rs. 3,250 crore. Questions have been raised about whether ICICI Bank CEO Chanda Kochhar was aware of her husband's business ties to Videocon when the loan was approved. The document also questions why Kochhar did not recuse herself from approving the loan and whether the credit committee was aware of the connection. It notes one Videocon subsidiary had low sales and profits compared to the large loan amount sanctioned.
Ketan Parekh took advantage of low liquidity in certain stocks, known as the K-10 stocks, to manipulate their prices during a bull market in 1999. He borrowed large sums from banks and companies to purchase stakes in these stocks. In March 2001, the stock market crashed as his scheme unraveled, investigations revealed illegal activity, and Parekh was arrested for fraudulently obtaining loans. The crash devastated many individual investors and caused losses for several major banks.
Chanda Kochhar was the former MD and CEO of ICICI Bank. She had an illustrious career at ICICI Bank spanning over 30 years, helping establish the bank and taking on several leadership roles. However, her career was marred by allegations of conflict of interest and quid pro quo related to loans provided by ICICI Bank to Videocon Group when her husband Deepak Kochhar's company received investments from Videocon. A CBI investigation found that Deepak Kochhar's company NuPower Renewables received investments from Videocon months after ICICI Bank approved loans to Videocon. This led to charges of cheating, fraud, and money laundering against Chanda Kochhar and others involved.
This document provides an introduction and overview of the Harshad Mehta stock market scam that occurred in India in 1992. It describes how Harshad Mehta rose from humble beginnings to become a famous stock broker in Mumbai. It then explains how he manipulated the stock market through illegal practices like using loopholes in the ready forward deal system between banks and printing fake bank receipts, allowing him to artificially inflate stock prices and profit from selling at the peak. The scam had widespread impacts and was one of the biggest stock market frauds in India's history.
Ketan Parekh was a stock broker from Mumbai who manipulated the Indian stock market in late 1999-2001, in what became known as the Ketan Parekh scam. He formed a network of brokers to target and artificially inflate the prices of 10 stocks by as much as 10 times their original values. Parekh used a simple borrowing mechanism known as the badla system to fund his stock purchases, pledging the inflated stock prices as collateral to obtain more funds. However, when the stock market crashed in 2000, Parekh was unable to maintain the prices and his scheme collapsed, leading to his arrest in 2001 and conviction in 2008 for market manipulation. The scam had major implications, including a 700 point fall in the
This document provides details about Harshad Mehta, known as "The Big Bull" of the Indian stock market. It describes his early life and career as a stockbroker, how he exploited loopholes in the banking system to engage in large stock transactions, and his eventual involvement in a major securities scam totaling 4000 crores (approximately $600 million) in 1992. As a result of investigations by SEBI, Mehta was restricted from dealing in securities and 17 brokers were suspended, but he was never convicted of any crimes and died of a heart attack in jail in 2001 while still facing trial.
An OVERVIEW OF CSR ACTIVITIES PERFORMED BY HDFC BANKVARUN KESAVAN
HDFC Bank engages in a variety of corporate social responsibility activities focused on improving access to financial services, health, education, and sustainable livelihoods. Some key initiatives include expanding rural outreach through branches and ATMs, supporting financial inclusion programs like Pradhan Mantri Jan Dhan Yojna, providing loans and financial literacy training to farmers, organizing health camps and blood donation drives, offering scholarships to disadvantaged students, and skills training programs to boost employability and entrepreneurship. The bank aims to create sustainable communities through integrated rural development projects covering areas like water management, agriculture, and infrastructure development.
The document discusses the proposed merger of State Bank of India with its five subsidiary banks and Bharatiya Mahila Bank. It provides background on SBI and explains what a merger is. The proposed merger would make SBI one of the top 50 largest banks in the world by assets. However, some analysts believe the merger could initially increase SBI's operating costs and hurt profitability due to having to provide benefits to employees of the subsidiary banks. The merger aims to increase market share and competitiveness but may also be challenging to integrate different banks and their people, technology, products and branches.
The document summarizes several major scams in India, including the NSEL scam, Harshad Mehta case, Ketan Parekh scam, Subrata Roy scam, CRB scam, Satyam scam, Sahara Housing Bonds scam, Speak Asia scam, and Saradha scam. The NSEL scam involved siphoning money from investors through non-existent commodity contracts. Harshad Mehta and Ketan Parekh both manipulated stock prices through illegal means. Subrata Roy and CR Bhansali raised funds through fraudulent investment schemes. The Satyam scam involved inflated financial reports. Sahara Housing Bonds and the Saradha scam collected money through illegal investment schemes.
Sahara India raised approximately 24,000 crore rupees from around 2-2.5 crore investors through optionally fully convertible debentures issued by two of its group companies, but SEBI alleged this was an illegal public issue requiring registration. The Supreme Court ultimately ruled in favor of SEBI and ordered Sahara to refund the entire amount plus interest to investors. Subrata Roy, chairman of Sahara, was jailed for nearly two years for contempt of court after initially failing to comply with refund orders until significant funds were eventually repaid to SEBI.
The document discusses key terms related to housing finance in India such as EMI, interest rates, and fees. It then lists the top 10 housing finance companies in India including HDFC, Indiabulls, LIC Housing Finance, Gruh Finance, and Dewan Housing Finance. For each company, it provides a brief overview of their operations, loan products offered, current interest rates, and market performance.
The document discusses housing finance in India. It provides an introduction to housing loans facilitated by the Reserve Bank of India. It then summarizes the objectives of studying Indian housing finance. It describes direct and indirect housing finance and loan limits under priority sectors. It discusses the growth of housing finance marketing and provides an overview of HDFC, SBI Home Finance, and LIC Housing Finance, including their services and financial performance. The conclusion compares the three companies.
The document summarizes the Adarsh Housing Society scam that occurred in Mumbai, India. It describes how the society illegally obtained land meant for Kargil war veterans and instead allocated apartments to politicians and bureaucrats. An investigation revealed numerous violations, including constructing a taller building than permitted and lacking proper environmental clearances. Several high-ranking officials were arrested or resigned as a result of the two-year judicial inquiry into the major corruption scandal.
The document summarizes the fodder scam corruption scandal in Bihar, India in the 1990s. It involved the embezzlement of 9.5 billion rupees from the state treasury. A whistleblower submitted a report in 1992 outlining the scam and implicating the chief minister, Laloo Prasad Yadav. After demands for a CBI investigation and a Supreme Court order, the CBI took over the case and uncovered further links between Yadav and the scam. Yadav was eventually arrested and charged, resigning as chief minister, though his wife then assumed the role, and he faced ongoing prosecution through multiple trials over the following years.
The Sahara India Pariwar investor fraud case is the case of the issuance of Optionally Fully Convertible Debentures issued by the two companies of Sahara India Pariwar to which Securities and Exchange Board of India had claimed its jurisdiction and objected on why Sahara has not taken permission from it.
The scam can be categorized as capital market scam
in which it is done by manipulating the facts in order to attain enormous funds.
There are four different aspects of the scam.
Diversion of funds
Intra day trading
Use of ready forward to maintain SLR
Fake bank recipts
Sahara raised ~Rs. 24,000 crores from investors through optionally fully convertible debentures issued by two of its companies without complying with SEBI regulations. SEBI issued notices to Sahara, which appealed to courts. The Supreme Court ultimately ruled in favor of SEBI, directing Sahara to refund investors and comply with regulations. However, Sahara has still not fully refunded all amounts owed as disputes around investor verification continue. The case established SEBI's authority over public fund raising, even by unlisted companies.
1) Yes Bank faced a crisis in 2020 when the RBI placed it under moratorium due to high levels of bad loans and a deteriorating financial position.
2) The RBI capped withdrawals at Rs. 50,000 per account for a month due to issues such as poor governance and an inability to raise fresh capital.
3) A revival plan was announced where SBI would acquire a 49% stake in Yes Bank and inject capital, while other investors would purchase the remaining shares. This aimed to address the bank's troubled finances and restore depositors' confidence.
Chanda Kochhar, the former CEO of ICICI Bank, faces allegations of conflicts of interest regarding a large loan the bank provided to Videocon Group. Questions arose because her husband had business dealings with Videocon's founders. While the bank defended the loan, issues around ethics, propriety, and corporate governance have damaged Kochhar's reputation and weakened her leadership. The CBI investigation also implicated Kochhar and her husband as beneficiaries in the financial fraud regarding the Videocon loan.
1) ICICI Bank was originally promoted in 1994 and was originally a wholly-owned subsidiary of ICICI Limited, an Indian financial institution. Over time, ICICI's ownership was reduced through public offerings and acquisitions.
2) The document discusses ICICI Bank's mission, vision and CSR initiatives which focus on education, healthcare, skill development, financial inclusion and rural development.
3) It provides details on ICICI Bank's investment products and services like equities, bonds, mutual funds, real estate, precious metals, and life insurance; and average historical returns for each.
This document summarizes the Ketan Parekh scam, a major corporate fraud that occurred in India in the late 1990s and early 2000s. The scam was perpetrated by stockbroker Ketan Parekh, who took advantage of low liquidity in certain stocks to artificially inflate their prices. This caused other investors to invest heavily in these "K-10 stocks." When the scam was revealed in 2001, it triggered a major crash in the stock market that shook investor confidence in India. In the aftermath, SEBI launched investigations and Parekh was arrested for fraudulently obtaining $20 million from Bank of India. The scam exposed regulatory lapses and highlighted the need for reforms to protect small investors.
This document summarizes a controversy involving loans from ICICI Bank to Videocon group companies. In 2012, a consortium of 20 banks including ICICI Bank provided a Rs. 40,000 crore loan to Videocon, of which ICICI Bank provided Rs. 3,250 crore. Questions have been raised about whether ICICI Bank CEO Chanda Kochhar was aware of her husband's business ties to Videocon when the loan was approved. The document also questions why Kochhar did not recuse herself from approving the loan and whether the credit committee was aware of the connection. It notes one Videocon subsidiary had low sales and profits compared to the large loan amount sanctioned.
Ketan Parekh took advantage of low liquidity in certain stocks, known as the K-10 stocks, to manipulate their prices during a bull market in 1999. He borrowed large sums from banks and companies to purchase stakes in these stocks. In March 2001, the stock market crashed as his scheme unraveled, investigations revealed illegal activity, and Parekh was arrested for fraudulently obtaining loans. The crash devastated many individual investors and caused losses for several major banks.
Chanda Kochhar was the former MD and CEO of ICICI Bank. She had an illustrious career at ICICI Bank spanning over 30 years, helping establish the bank and taking on several leadership roles. However, her career was marred by allegations of conflict of interest and quid pro quo related to loans provided by ICICI Bank to Videocon Group when her husband Deepak Kochhar's company received investments from Videocon. A CBI investigation found that Deepak Kochhar's company NuPower Renewables received investments from Videocon months after ICICI Bank approved loans to Videocon. This led to charges of cheating, fraud, and money laundering against Chanda Kochhar and others involved.
This document provides an introduction and overview of the Harshad Mehta stock market scam that occurred in India in 1992. It describes how Harshad Mehta rose from humble beginnings to become a famous stock broker in Mumbai. It then explains how he manipulated the stock market through illegal practices like using loopholes in the ready forward deal system between banks and printing fake bank receipts, allowing him to artificially inflate stock prices and profit from selling at the peak. The scam had widespread impacts and was one of the biggest stock market frauds in India's history.
Ketan Parekh was a stock broker from Mumbai who manipulated the Indian stock market in late 1999-2001, in what became known as the Ketan Parekh scam. He formed a network of brokers to target and artificially inflate the prices of 10 stocks by as much as 10 times their original values. Parekh used a simple borrowing mechanism known as the badla system to fund his stock purchases, pledging the inflated stock prices as collateral to obtain more funds. However, when the stock market crashed in 2000, Parekh was unable to maintain the prices and his scheme collapsed, leading to his arrest in 2001 and conviction in 2008 for market manipulation. The scam had major implications, including a 700 point fall in the
This document provides details about Harshad Mehta, known as "The Big Bull" of the Indian stock market. It describes his early life and career as a stockbroker, how he exploited loopholes in the banking system to engage in large stock transactions, and his eventual involvement in a major securities scam totaling 4000 crores (approximately $600 million) in 1992. As a result of investigations by SEBI, Mehta was restricted from dealing in securities and 17 brokers were suspended, but he was never convicted of any crimes and died of a heart attack in jail in 2001 while still facing trial.
An OVERVIEW OF CSR ACTIVITIES PERFORMED BY HDFC BANKVARUN KESAVAN
HDFC Bank engages in a variety of corporate social responsibility activities focused on improving access to financial services, health, education, and sustainable livelihoods. Some key initiatives include expanding rural outreach through branches and ATMs, supporting financial inclusion programs like Pradhan Mantri Jan Dhan Yojna, providing loans and financial literacy training to farmers, organizing health camps and blood donation drives, offering scholarships to disadvantaged students, and skills training programs to boost employability and entrepreneurship. The bank aims to create sustainable communities through integrated rural development projects covering areas like water management, agriculture, and infrastructure development.
The document discusses the proposed merger of State Bank of India with its five subsidiary banks and Bharatiya Mahila Bank. It provides background on SBI and explains what a merger is. The proposed merger would make SBI one of the top 50 largest banks in the world by assets. However, some analysts believe the merger could initially increase SBI's operating costs and hurt profitability due to having to provide benefits to employees of the subsidiary banks. The merger aims to increase market share and competitiveness but may also be challenging to integrate different banks and their people, technology, products and branches.
The document summarizes several major scams in India, including the NSEL scam, Harshad Mehta case, Ketan Parekh scam, Subrata Roy scam, CRB scam, Satyam scam, Sahara Housing Bonds scam, Speak Asia scam, and Saradha scam. The NSEL scam involved siphoning money from investors through non-existent commodity contracts. Harshad Mehta and Ketan Parekh both manipulated stock prices through illegal means. Subrata Roy and CR Bhansali raised funds through fraudulent investment schemes. The Satyam scam involved inflated financial reports. Sahara Housing Bonds and the Saradha scam collected money through illegal investment schemes.
Sahara India raised approximately 24,000 crore rupees from around 2-2.5 crore investors through optionally fully convertible debentures issued by two of its group companies, but SEBI alleged this was an illegal public issue requiring registration. The Supreme Court ultimately ruled in favor of SEBI and ordered Sahara to refund the entire amount plus interest to investors. Subrata Roy, chairman of Sahara, was jailed for nearly two years for contempt of court after initially failing to comply with refund orders until significant funds were eventually repaid to SEBI.
The document discusses key terms related to housing finance in India such as EMI, interest rates, and fees. It then lists the top 10 housing finance companies in India including HDFC, Indiabulls, LIC Housing Finance, Gruh Finance, and Dewan Housing Finance. For each company, it provides a brief overview of their operations, loan products offered, current interest rates, and market performance.
The document discusses housing finance in India. It provides an introduction to housing loans facilitated by the Reserve Bank of India. It then summarizes the objectives of studying Indian housing finance. It describes direct and indirect housing finance and loan limits under priority sectors. It discusses the growth of housing finance marketing and provides an overview of HDFC, SBI Home Finance, and LIC Housing Finance, including their services and financial performance. The conclusion compares the three companies.
The document summarizes the Adarsh Housing Society scam that occurred in Mumbai, India. It describes how the society illegally obtained land meant for Kargil war veterans and instead allocated apartments to politicians and bureaucrats. An investigation revealed numerous violations, including constructing a taller building than permitted and lacking proper environmental clearances. Several high-ranking officials were arrested or resigned as a result of the two-year judicial inquiry into the major corruption scandal.
The document summarizes the fodder scam corruption scandal in Bihar, India in the 1990s. It involved the embezzlement of 9.5 billion rupees from the state treasury. A whistleblower submitted a report in 1992 outlining the scam and implicating the chief minister, Laloo Prasad Yadav. After demands for a CBI investigation and a Supreme Court order, the CBI took over the case and uncovered further links between Yadav and the scam. Yadav was eventually arrested and charged, resigning as chief minister, though his wife then assumed the role, and he faced ongoing prosecution through multiple trials over the following years.
National Spot Exchange (NSEL) was a commodities exchange in India that collapsed in a Rs. 5600 crore (US$0.9 billion) fraud. NSEL failed to repay investors in commodity pair contracts after July 2013. The scam involved illegal activities by brokers and back-end changes at NSEL. Key people involved include Jignesh Shah, founder of MCX and FTIL, who was arrested as the alleged mastermind. The fraud had massive effects, crashing share prices of FTIL and MCX while investigations and arrests continue. Lessons highlight the need for clarity on products promising high returns and understanding that nothing is truly risk-free.
The company is headed by Mr. Pavan Sachdeva, a law graduate, a visionary and a man of unconventional wisdom, who single handedly started a new fashion shoe line 40 years back.
MS Shoes East Ltd., a long standing name in manufacturing shoes and footwear, has been reckoned globally for its product quality and deliverance. The dynamic enterprise with its futuristic designs and unfailing zeal to serve its customers, also comes with out-of-box aptitude to understand the nitty-gritty of latest fashions and how to bring the same into coherence with the needs of its customers.
MS Shoes has become a leading footwear brand with a global market presence through designing high quality shoes. However, competitors tried to damage the company's reputation through deception and legal challenges. MS Shoes prevailed in the legal fight and remained committed to its mission. Led by CMD Pavan Sachdeva, MS Shoes is expanding into new territories, exporting products to Iran, pursuing an IPO, and entering the hospitality industry by offering world-class services.
The 2G spectrum scam involved politicians, bureaucrats, and business executives undercharging mobile companies for licenses. Nine companies were given licenses for 122 2G subscriptions for far less than their market value, then resold partial ownership stakes in the companies for large profits. Key figures involved were A. Raja as Telecom Minister, corporate lobbyist Nira Radia, and executives from Reliance, Unitech Wireless, Swan Telecom, and others. The scam highlighted issues around conflicts of interest, abuse of power for personal gain, and an insufficiently empowered regulatory system.
The Bofors scandal was a major corruption scandal in 1980s India involving kickbacks in the purchase of 155mm field howitzers from Swedish arms manufacturer Bofors. Key players allegedly involved in receiving kickbacks included then Prime Minister Rajiv Gandhi and others. An investigation was launched but the case was mired in delays and ultimately closed without prosecution. It damaged Rajiv Gandhi's image and the reputation of the Indian National Congress party.
The Unit Trust of India (UTI) scam involved large-scale mismanagement and fraudulent investments by UTI managers that led to losses of thousands of crores of rupees belonging to small investors. UTI's flagship scheme US-64 was changed from debt-based to equity-linked and liberalized, allowing large-scale speculative investments in stocks like those promoted by Ketan Parekh. These collapsed, eroding over half of UTI's portfolio value within a year. The scam benefited large corporations and influential individuals but hurt millions of small investors who lost a major portion of their savings. It highlighted the need for better regulation of public savings managed by government institutions.
National Spot Exchange Limited Scam was a major scam in India, which came into light after the National Spot Exchange failed to pay its investors in commodity pair contracts after 31 July 2013.
The document summarizes the UTI scam that occurred in India involving the US-64 mutual fund scheme. It provides background on the establishment and growth of US-64 in the 1960s-1990s when its dividend rates rose to 26%. From 1995-1999, the fund's net asset value fell drastically. A panel was formed in 1999 to revamp the fund following the crisis. UTI then suspended trading of US-64 units for six months in 2001 before ending the fund in 2003 and offering investors cash or bonds. The document outlines reasons for the crisis such as non-declaration of net asset values, high dividends, investment in junk bonds, and involvement of Ketan Parekh. It also discusses the impact on investors
This document summarizes India's 2G spectrum scam which occurred in 2008. Key points include:
1) The scam involved the Indian government underpricing spectrum licenses, showing favoritism to some companies, and allocating additional spectrum without meeting eligibility criteria, resulting in large losses to the exchequer.
2) Former telecommunications minister A. Raja was found to have allotted 122 licenses in January 2008 at 2001 prices, with 85 being illegal.
3) Major beneficiaries who received licenses included Unitech, Videocon, Etisalat, Sistema Shyam, and Reliance Communications.
4) The scam had major impacts, including a loss of Rs. 60,000
The document summarizes several major scams that occurred in India between 2012-2013, including:
1) The FTIL scam involving fake investor accounts and Rs. 4,500 crore;
2) A coal mining scam resulting in estimated losses of Rs. 185591.34 crore from coal blocks allocated without auction;
3) A railway bribery scam where the railway minister's nephew accepted a Rs. 90 lakh bribe.
4) Other scams involved tax disputes, bribery in helicopter contracts, siphoning of health funds, solar panel fraud, illegal mining, and misappropriation of land and property funds. Corruption was allegedly involved in many of these scams.
The document summarizes several stock market scams that have occurred in India, including the Ketan Parekh scam of 2001 and the Harshad Mehta scam of 1992. The Ketan Parekh scam involved diverting over Rs. 3500 crores from banks to finance stock market operations through price manipulation. Ketan Parekh raised funds through various methods and then used the shares as collateral to obtain more loans, causing losses when share prices fell. The Harshad Mehta scam in 1992 rigged prices of several stocks and siphoned Rs. 4,000 crores from the banking system through fake transactions, eroding over Rs. 5,000 crores from the stock market. Both scams shook investor confidence
This paper is a brief representation of facts and analysis of 2G spectrum scam
This paper is a case study to the subject – 2G Spectrum Scam. The paper starts with a brief introduction to basic term like spectrum, 2G. It then sets the context of the case with discussing background. We then discuss the core of matter, defining the scam, role played by various regulatory bodies and the current state of affairs along with latest proceedings. Finally, we reflect upon the case with a brief analysis.
The document discusses the 5600 crore rupee scam at the National Spot Exchange Limited (NSEL) in India. Key points include:
1) The NSEL, founded in 2008 as a joint venture between Financial Technologies and NAFED, allowed re-trading of commodities without delivery, triggering a scam where investors' money was defrauded.
2) In July 2013, trading at NSEL was stopped after it failed to repay investors, with major defaulters including Mohan India, Vimal Agro and Swastik owing over 90% of the 5660 crores claimed.
3) The crisis revealed serious lapses in corporate governance at NSEL including conflicts of interest, lack
Harshad Mehta used loopholes in the banking system in the early 1990s to divert funds of Rs. 4,000 crore from various banks and trigger a spike in the SENSEX. As a stockbroker, he exploited the ready forward system and issued fake bank receipts to borrow funds without proper collateral. His scam was exposed by journalist Sucheta Dalal in 1992 and resulted in reforms to tighten regulation of the stock market and banking system in India. Mehta was later arrested and banned from the stock market for over 70 criminal offenses related to misappropriation of funds.
The document summarizes the Harshad Mehta stock market scam that occurred in India in 1992. It describes how Harshad Mehta, a stockbroker, exploited loopholes in the banking system to siphon off funds and use them to artificially inflate stock prices. When the scheme was exposed, it collapsed the stock market and caused major losses. The scam exposed weaknesses in market regulation and internal bank controls. It led to reforms by the securities regulator SEBI, including imposing additional margins.
The document summarizes the 2G spectrum scam in India, where politicians and officials illegally undercharged mobile companies for licenses to create 2G subscriptions. Key points:
- In 2008, 122 licenses were granted at 2001 prices rather than auctioning them, resulting in an estimated loss of $29 billion to the government.
- Former telecom minister A. Raja ignored advice and flouted rules to benefit companies with no experience, like Unitech and Swan Telecom.
- Money was allegedly routed through shell companies to Kanimozhi, the daughter of a state chief minister, as a kickback for her party's support.
- The Supreme Court cancelled the licenses and an investigation
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
5. This 31-storey building has been built in
Mumbai's Colaba Navy Nagar area. But no
one knows how army gave the permission to
build a housing society on this land.
6/23/2012 5
6. IBN was the first to expose the Adarsh
Society scam.
Mumbai's posh Colaba area land (about
3800 square meters) with the complicity of
military officers was given to a private
housing societiy. But army took no action
in this regard because several army
officials, including former army Chief
Deepak Kapoor himself, had flats in this
society.
6/23/2012 6
7. The high-rise, built on 6,450 sq metres within
the Colaba naval area, was cleared since it
was supposed to house Kargil war veterans.
However, the houses in the society were
allotted to senior army commanders, a former
environment minister, legislators and
bureaucrats.
6/23/2012 7
8. Among the allottees are:
Former chief secretary D K Sankaran's
son, Sanjoy and former Army chiefs Generals
N C Vij and Deepak Kapoor, ex-Navy chief
Admiral Madhavendra Singh, former Army
Vice Chief Lt Gen Shantanu Chowdhary,
former Union Minister and Shiv Sena MP
Suresh Prabhu.
6/23/2012 8
9. The discrepancies in the allocation of flats in
the Adarsh society has come has a huge
embarrassment to the Congress party.
The issue has escalated with opposition
parties demanding the removal of the CM
Ashok Chavan
Two-member committee, comprising finance
minister Pranab mukherjee and defence
minister AK Antony.
6/23/2012 9
10. Another issue that remains to be addressed is
the ownership of the land.
It is yet to be clarified whether the defence or
the state revenue department owns it
Mumbai collector Chandrashekhar Oke, had
submitted a preliminary report on the same.
6/23/2012 10
11. The Central Bureau of Investigation (CBI) has
also been scrutinising how defence land was
transferred to the Adarsh co-operative housing
society and how the beneficiaries, including
former services chiefs, politicians and
bureaucrats, raised money to buy apartments
meant for Kargil war heroes and their families.
The agency, which had begun its probe into the
row in early October, has sought documents
relating to the society.
6/23/2012 11
12. The army has also begun its own probe into the
issue. Major General Sanjeev Chopra has been
entrusted with the inquiry. The Army High
Command has ordered General Chopra to find
out how did the defence personnel managed to
buy flats worth Rs 8-10 crores, considering
their salaries.
some 40 officers are likely to be linked to the
scam.
6/23/2012 12