Bofors scam by skmr
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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.
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Bofors scam
The Bofors scandal involved kickbacks paid by Swedish arms manufacturer Bofors AB to Indian politicians and officials in exchange for winning a bid to supply howitzer guns to India in the 1980s. Prime Minister Rajiv Gandhi and others were accused of receiving kickbacks totaling Rs. 400 million. The scandal highlighted significant corruption in defense deals and involved numerous investigations over 18 years and 250 crore Rs., but ultimately resulted in acquittals and an inability to prosecute key figures due to missing documents. It represented one of the worst corruption scandals in India at the time.
Bofors scam for the subject of Business Ethics and CSR
The Bofors scandal was a major political scandal that occurred between Sweden and India during 1980s and 1990s, initiated by Congress politicians and implicating the Indian prime minister, Rajiv Gandhi and several other members of the Swedish and Indian governments who were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer.
50859610 bofors-scam-ppt
The Bofors scandal involved kickbacks in a $1.4 billion contract between India and Swedish arms manufacturer AB Bofors to supply 410 field howitzers in 1986. Prime Minister Rajiv Gandhi and others were accused of receiving kickbacks from Bofors, though charges were later dropped. The scandal cost over Rs. 250 crore to investigate over 18 years but ultimately failed to prove major allegations. Key players like Win Chadha and the prime suspect Ottavio Quattrocchi died or evaded prosecution, representing major setbacks to resolving the case.
hawala-scam
The document summarizes the Hawala scam of the 1990s in India, one of the country's biggest political scandals. It involved illegal money transfers through hawala brokers and implicated over 115 politicians. Key details include:
- Hawala brokers S.K. Jain and Moolchand Shah's testimony led to unfolding of the scandal and implicated senior politicians like P.V. Narasimha Rao for receiving illegal payments.
- A CBI investigation named over 115 politicians from various parties as having received payments totaling over $18 million, according to the hawala brokers' records, but the courts eventually dismissed the cases due to lack of evidence.
Hawala Scandal
The document summarizes the key details of the Hawala scam that broke out in India in 1991. It involved illegal money transfers worth $18 million to several prominent politicians through four Hawala brokers, the Jain brothers. Over 115 top politicians and bureaucrats were implicated in the scandal. It led to the resignation of seven ministers from the ruling Congress party and the opposition BJP president. The failure of the CBI to conclusively prove the case in court was widely criticized and resulted in greater autonomy and oversight of the CBI.
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1) ABG Shipyard Ltd was founded in 1985 in Mumbai and grew to become one of India's largest privately owned shipbuilding firms, operating shipyards in multiple cities.
2) Between 2005-2010, banks continued lending generously to ABG despite signs of trouble, and the company was impacted by the 2008 global financial crisis.
3) In 2019, a forensic audit found evidence that ABG had defrauded 28 banks of Rs. 22,842 crore between 2012-2017 through financial statement manipulation and siphoning funds to other companies.
Scam in india
Various scam in india which made the people shocked. Like satyam sacm, 2G Scam, Colggate Scam etc.and their effect
ABG Shipyard
ABG Shipyard reported a 1QFY2011 result that was marginally below estimates due to lower execution. While operating margins improved substantially due to lower costs, this was offset by higher depreciation expenses. The company's order backlog provides strong revenue visibility through FY2014, however its increasing debt levels are a concern. As a result, the analyst downgraded their rating on ABG Shipyard stock from "Buy" to "Accumulate" and lowered the target price.
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Bofors scam
The Bofors scandal involved kickbacks paid by Swedish arms manufacturer Bofors AB to Indian politicians and officials in exchange for winning a bid to supply howitzer guns to India in the 1980s. Prime Minister Rajiv Gandhi and others were accused of receiving kickbacks totaling Rs. 400 million. The scandal highlighted significant corruption in defense deals and involved numerous investigations over 18 years and 250 crore Rs., but ultimately resulted in acquittals and an inability to prosecute key figures due to missing documents. It represented one of the worst corruption scandals in India at the time.
Bofors scam for the subject of Business Ethics and CSR
The Bofors scandal was a major political scandal that occurred between Sweden and India during 1980s and 1990s, initiated by Congress politicians and implicating the Indian prime minister, Rajiv Gandhi and several other members of the Swedish and Indian governments who were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer.
50859610 bofors-scam-ppt
The Bofors scandal involved kickbacks in a $1.4 billion contract between India and Swedish arms manufacturer AB Bofors to supply 410 field howitzers in 1986. Prime Minister Rajiv Gandhi and others were accused of receiving kickbacks from Bofors, though charges were later dropped. The scandal cost over Rs. 250 crore to investigate over 18 years but ultimately failed to prove major allegations. Key players like Win Chadha and the prime suspect Ottavio Quattrocchi died or evaded prosecution, representing major setbacks to resolving the case.
hawala-scam
The document summarizes the Hawala scam of the 1990s in India, one of the country's biggest political scandals. It involved illegal money transfers through hawala brokers and implicated over 115 politicians. Key details include:
- Hawala brokers S.K. Jain and Moolchand Shah's testimony led to unfolding of the scandal and implicated senior politicians like P.V. Narasimha Rao for receiving illegal payments.
- A CBI investigation named over 115 politicians from various parties as having received payments totaling over $18 million, according to the hawala brokers' records, but the courts eventually dismissed the cases due to lack of evidence.
Hawala Scandal
The document summarizes the key details of the Hawala scam that broke out in India in 1991. It involved illegal money transfers worth $18 million to several prominent politicians through four Hawala brokers, the Jain brothers. Over 115 top politicians and bureaucrats were implicated in the scandal. It led to the resignation of seven ministers from the ruling Congress party and the opposition BJP president. The failure of the CBI to conclusively prove the case in court was widely criticized and resulted in greater autonomy and oversight of the CBI.
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1) ABG Shipyard Ltd was founded in 1985 in Mumbai and grew to become one of India's largest privately owned shipbuilding firms, operating shipyards in multiple cities.
2) Between 2005-2010, banks continued lending generously to ABG despite signs of trouble, and the company was impacted by the 2008 global financial crisis.
3) In 2019, a forensic audit found evidence that ABG had defrauded 28 banks of Rs. 22,842 crore between 2012-2017 through financial statement manipulation and siphoning funds to other companies.
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ABG Shipyard reported a 1QFY2011 result that was marginally below estimates due to lower execution. While operating margins improved substantially due to lower costs, this was offset by higher depreciation expenses. The company's order backlog provides strong revenue visibility through FY2014, however its increasing debt levels are a concern. As a result, the analyst downgraded their rating on ABG Shipyard stock from "Buy" to "Accumulate" and lowered the target price.
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PNB revealed that fraudulent transactions by billionaire jeweler Nirav Modi and related entities amounted to $1.77 billion or over Rs 11,400 crore.
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3. Operation Flood was a dairy development program in India led by Verghese Kurien that made India the largest milk producer, surpassing the US.
Punjab National Bank (PNB) Scam
1) 11400 Crores Fraud
2) Nirav Modi, the billionaire jeweler who along with others scammed Punjab National Bank (PNB) of over 11400 crore’s has fled the country.
3) Apparently Nirav modi spotted in which place WE DON’T KNOW But What exactly is this scam?
4) The CBI has registered a case against Nirav Modi on January 29. Punjab National Bank registered a case against Nirav Modi, His Brother Neeshal & His Uncle Mehul Choksi on February 13.
5) The Bank initially reported a scam of rupees 280 crores. But it was later realized to be rupees 11400 crores. This is a lot of money. So how does one get away with a scam of such magnitude? Possibly it is one of the biggest in Indias’s banking history.
6) Nirav Modi is an importer of diamonds. Basically importers prefer to take loans in foreign currencies as interest rates on that are lower. In this case a loan that is taken from any overseas bank guaranteed by PNB. Then what Modi had to do was approach PNB & ask for buyers credit? In order to do this PNB had to issue a “letter Of Undertaking” to an overseas bank. Basically LoU guarantees an overseas bank that if it gives money for a specified period to identified by the home bank (in this case PNB) then the home bank will assure that the money will be returned to the overseas bank.
7) Most of these overseas banks are Indian Banks with foreign branches. So the overseas bank directly give to loan PNB not Nirav Modi. An account has to create by PNB called a NOSTRO account where the overseas bank gives the loan.
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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.
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India's second largest state-owned lender Punjab National Bank disclosed on Feb. 14, 2018 that it was the victim of the country’s largest bank fraud.
PNB revealed that fraudulent transactions by billionaire jeweler Nirav Modi and related entities amounted to $1.77 billion or over Rs 11,400 crore.
The key accused in the case were jeweler and designer Nirav Modi, his maternal uncle Mehul Choksi, and other relatives and some PNB employees.
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Nirav Modi, a wealthy Indian businessman, is alleged to have defrauded Punjab National Bank of $1.77 billion through the illegal issuance of fraudulent Letters of Understanding. An investigation revealed that multiple PNB employees issued fake LoUs over several years, allowing Modi's companies to take large loans from other banks that they did not pay back. The fraud went undetected by PNB due to a lack of integration between their core banking system and the SWIFT network, which allowed the fake LoU transactions to be made without being recorded. PNB has now reported the fraud to authorities and may have to repay the liabilities owed to other banks that were deceived into providing the loans. The case has dealt a
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The document summarizes the timeline of events in the legal battle between the Sahara India conglomerate and SEBI regarding the repayment of Rs. 24,000 crore to investors in optionally fully convertible bonds. Key events include the Supreme Court ordering Sahara to repay the amount in 2012, SEBI freezing Sahara accounts and seizing properties in 2013 when repayment was not made, and the Supreme Court extending the parole of Sahara chief Subrata Roy but insisting he pay Rs. 600 crore by February or face arrest. The legal issues involve whether the bonds were a public issue requiring regulatory approvals.
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The document summarizes the "Coal Allocation Scam" or "Coalgate" political scandal in India concerning the allocation of coal deposits to public and private companies from 2004-2009. The CAG accused the government of inefficient allocation that resulted in potential lost revenues of over $200 billion. While the CAG report did not find direct evidence of corruption, the opposition BJP alleged corruption influencing allocations. This led to a CBI investigation naming several companies. The CAG also alleges the government had legal authority to auction blocks but chose the inefficient screening committee process instead.
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1. Netflix was founded in 1997 by Reed Hastings after being charged late fees for returning a movie late.
2. Arthur D. Little was the first management consulting firm founded in 1886 in Boston. In 2002, its brand name was acquired by Altran Technologies.
3. Operation Flood was a dairy development program in India led by Verghese Kurien that made India the largest milk producer, surpassing the US.
Punjab National Bank (PNB) Scam
1) 11400 Crores Fraud
2) Nirav Modi, the billionaire jeweler who along with others scammed Punjab National Bank (PNB) of over 11400 crore’s has fled the country.
3) Apparently Nirav modi spotted in which place WE DON’T KNOW But What exactly is this scam?
4) The CBI has registered a case against Nirav Modi on January 29. Punjab National Bank registered a case against Nirav Modi, His Brother Neeshal & His Uncle Mehul Choksi on February 13.
5) The Bank initially reported a scam of rupees 280 crores. But it was later realized to be rupees 11400 crores. This is a lot of money. So how does one get away with a scam of such magnitude? Possibly it is one of the biggest in Indias’s banking history.
6) Nirav Modi is an importer of diamonds. Basically importers prefer to take loans in foreign currencies as interest rates on that are lower. In this case a loan that is taken from any overseas bank guaranteed by PNB. Then what Modi had to do was approach PNB & ask for buyers credit? In order to do this PNB had to issue a “letter Of Undertaking” to an overseas bank. Basically LoU guarantees an overseas bank that if it gives money for a specified period to identified by the home bank (in this case PNB) then the home bank will assure that the money will be returned to the overseas bank.
7) Most of these overseas banks are Indian Banks with foreign branches. So the overseas bank directly give to loan PNB not Nirav Modi. An account has to create by PNB called a NOSTRO account where the overseas bank gives the loan.
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The document summarizes the findings of a survey conducted to understand awareness and preferences around mutual funds among existing ICICI direct customers in Udaipur. Key findings include: 60% had awareness of mutual funds while 40% did not, with 99% preferring online investment. The top reasons for not investing in mutual funds were needing assistance (23%) and needing more knowledge (23%). Suggestions to increase mutual fund investment included customer education, providing regular market information, building relationships, and competitive broking charges schemes. The conclusion notes huge opportunities for mutual funds in Udaipur exist but competition is intense and wrong perceptions need addressing.
Ms Shoes East Ltd
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
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.
Pavan Sachdeva
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.
adarsh housing scam
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.................
Adarsh housing society
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.
Role of FDI in India
Role of FDI in India with all necessary details and data of the present year. Along Graphs & data interpretation.
Uti scam.
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.
Investment Management Mutual Funds and Its Types
This document discusses mutual funds and their types. It defines a mutual fund as a trust that pools together savings from investors who share common financial goals. Money is invested in instruments like shares and debentures. Funds are classified as open-ended or close-ended based on their maturity period. They are also classified as growth, income, balanced, money market or gilt funds based on their investment objectives. The advantages of mutual funds include professional management, risk minimization, return potential, low costs and liquidity.
Nsel Scam
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.
UTI Scam
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
ADARSH SCAM PPT
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.
Nsel scam ppt
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.
Scams in india 2012-2013
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.
Stock Market Scam
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
NSEL Scam - Corporate Governance PPT
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
Presentation on KETAN PAREKH Scam
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
Harshad Mehta Scam
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.
2 G-Scam-ppt
The 2G spectrum scam involved Indian government officials undercharging mobile companies for licenses to use radio frequencies for 2G subscriptions. This resulted in an estimated loss of 1.76 trillion rupees (US$38 billion) to the exchequer. Key people involved included former Telecom Minister A. Raja, who was later arrested. Several companies like Unitech and Swan Telecom that obtained licenses went on to sell stakes at large profits. The scandal impacted stock markets and led the government to set up an investigation and replace Raja as minister.
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Bofors scam by skmr
- 1. Scam ??
- 3. • Bofors is an iron works, cannon maker, and defence industry located in Sweden. The name Bofors is strongly associated with a 40mm anti-aircraft gun based on a Bofors design. Bofors is today split in two parts: • Saab Bofors Dynamics owned by Saab • Bofors Defence owned by United Defence
- 4. The Bofors scandal was a major corruption scandal in India in the 1980s was far worse than any that India had seen before in 80s. PM Rajiv Gandhi and several others were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer. It has been speculated that the scale of the scandal was to the tune of Rs. 400 million
- 5. The Government of India and A.B. Bofors in Sweden on March 24, 1986 for the supply of 410 field howitzers ammunition and other accessories as part of the 155 mm gun system at a total cost of Rs.1,437.72 crores
- 6. Rajiv Gandhi Martin Ardbo S. K. Bhatnagar Ottavio Quattrocchi Win Chadha The Hindujas KEY PLAYERS IN BOFORS SCANDAL
- 7. Dagens Eko (the news service of Swedish public radio) first threw light on it. The case came to light during Vishwanath pratap singh’s tenure as defense minister, and was revealed through investigate journalism by Chitra Subramanian and N.Ram of the news papers the Indian express and The Hindu
- 9. Indian national congress lost elections in 1989 The scandal broke Rajiv Gandhi s honest , corruption free image in public Formation of joint parliamentary committee to investigate the case V.p. singh was dismissed as defense minister The defense material system procedure procurement changed citing high level corruption
- 10. The deal was worth 1437.72 crore that time. The kickbacks were sighted to be to the tune of Rs 640 crore, but the probe cost Rs 250 crore, in a time span of 18 years.
- 11. Case has been closed(4/3/2011) No concrete steps in any way taken where arrests or freezing of assets stashed abroad have been done. Court discharges QUATTROCHI Nor CBI nor any other agency or ministry has been able to bring about money involved in the case.
- 12. Rajiv gandhi was cleared of the bribe case The Delhi HC ruled that the prosecution has failed to prove that the Hinduja Brothers – Gopi chand, Prakash chand and Sri chand – were linked to the kickbacks in the Bofors deal. Deaths of Former defense secretary Bhatnagar & Win chadda was a major setback to case
- 13. Taking or giving bribe Using political Power Covering up incidents Taking Advantage of Official Position
- 14. Transparency in defense transactions Developed indigenious weapon Media should be given more freedom Jan lokpal bill
- 15. By Shashi Kumar M .R MBA 1NZ12MBA51 NEW HORIZON COLLEGE OF MANAGEMENT STUDIES