One of the largest banking scams that shattered all together the country’s economy is the Punjab National Bank Scam in 2018. The helmsman billionaire of this scam is one the visionary businessman Nirav Modi. He hailed from a family of businessmen and eventually, after studies joined his uncle’s business. Shifting in India, Mumbai, Nirav Modi …
The Coal Allocation Scam, or Coalgate is one of the biggest corruption scandals during the reign of Congress UPA-2 government in India. The incident played a role in shaping the public discourse around corruption & crony capitalism in the country. The scam led to massive outcry from the opposition parties, civil society, and public due …
One of the most significant financial frauds involving the role of the Indian Premier League (IPL) is the corruption case of Lalit Kumar Modi. In 2010 financial irregularities, conflict of interest and potential corruption were made against the former chairman & commissioner of IPL Lalit Modi, The BCCI (Board of Control for Cricket in India) …
In this series of largest scams in India, our next scam is Vasundhara Raje Deendayal Upadhyaya Trust Scam 2006. Remembered as one of the biggest trust scams, it is settled in Rajasthan. Vasundhara Raje Deendayal Upadhyaya was the former, a BJP leader was the former CM of Rajasthan. She had founded the charitable trust named …
Vasundhara Raje Deendayal Upadhyaya Trust Land scam 2006 Read More »
In recent years, the telecommunication industry has witnessed all new changes, with 4G technology carving the way for faster speed of internet and connectivity. However, amidst the progress, there was a massive allegation of scam involving Reliance and a staggering RS. 23,000 crores raising hot debates among everyone. This is the second scam next to …
A scam that torn apart India’s economy is the 2010’s decade is the Satyam’s Scandal in 2009. The steer man of the scam is Ramalinga Raju, the founder & chairmanof Satyam Computers. It also exposed the vulnerable condition of auditing, regulatory management & governance of IT sector in India. For siphoning off a whopping amount …
In the early 2000’s, the scam which shattered the country’s whole economic condition was the Stamp Paper Scam, 2003. The helmsman of this scam is Abdul Karim Telgi. Born in Khanapur, Karnataka, Abdul hailed from a middle-class family whose parents worked as vendors in the Khanpur Railway Station. Due to their weaker economic condition, he …
The Great Recession of 2008 stands as the most crucial economic crisis of modern history. Stemming from a perfect storm of interconnected factors, this recession shaped the way governments, financial institutions, and societies approach economic stability. In this article, let us delve into the key causes, consequences, and lessons learned from the Great Recession. A …
The world of mutual funds is full of opportunities, but it is sometimes reported to be involved in risks & unpredictability. Investors have learned this the hard way through numerous scams that have left them high & dry over the years. One of such memorable scams is the CRB scam that took place in the …
Banking sector frauds have become a big concern in India posing a significant threat to the financial stability of the nation. Recent years have witnessed a search in fraudulent activities within the bank industry exposing vulnerability in raising concerns about the efficacy of the existing regulatory frameworks. In 2022-2023 year-on-year, the amount of fraud cases …
