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Ayodhya land scam- On June 10, 2024, major media house Indian Express published an investigative article which found that after the 2019 Supreme Court verdict in favour of Ram Temple there was 30 per cent rise in the number of land transactions in at least 25 villages in Ayodhya and adjoining Gonda and Basti districts that fall within a radius ...
The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property.
Peregrine Systems [8] [10] corporate executives convicted of accounting fraud; Phar-Mor [8] company lied to shareholders. CEO was eventually sentenced to prison for fraud and the company eventually became bankrupt; Qwest Communications [10] RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in ...
The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The Serious Fraud Investigation Office (SFIO) is a statutory agency in India tasked with investigating corporate fraud.It operates under the Ministry of Corporate Affairs, Government of India, with the mandate of detecting and prosecuting or recommending prosecution for white-collar crimes.
The Valmiki Corporation scam was a major Indian financial fraud scam involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation (KMVSTDC) that occurred in 2024. [ 1 ] The scam was discovered after the suicide of 52-year-old corporation superintendent Chandrasekaran P. who left behind a suicide note detailing corruption ...
National Stock Exchange of India NSE co-location scam: 2010 [88] [89] [90] India: Fraud and Market manipulation Amir-Mansour Aria: 2011 IAO (audit organization) and other audit firms Iran: Business loans without putting any collateral and financial system Bank Saderat Iran: 2011 IAO (audit organization) and other audit firms Iran
The company was the subject of what was called India's biggest corporate scandal in January 2009 when then-chairman Byrraju Ramalinga Raju admitted in a letter to the Securities and Exchange Board of India that the corporate accounts had been falsified, adding approximately $1 billion to the company's cash and cash-related assets.