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The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank. Germany.
The Times of India. 7 June 2008. Archived from the original on 9 May 2013. ^ "Teachers' recruitment scam: Pleas to make 4 IAS officers, teachers accused rejected". The Times of India. 28 March 2012. Archived from the original on 9 May 2013. ^ "No headway in Rs 16,000 cr submarine scam probe". Archived from the original on 28 September 2013.
Analysts in India have termed the Satyam scandal India's own Enron scandal. [9] Some social commentators see it more as a part of a broader problem relating to India's family-owned corporate environment. [10] Immediately following the news, Merrill Lynch (now a part of Bank of America) and State Farm Insurance terminated its engagement with the ...
In mid September 2021, The Wall Street Journal began publishing articles on Facebook based on internal documents from unknown provenance. Revelations included reporting of special allowances on posts from high-profile users ("XCheck"), subdued responses to flagged information on human traffickers and drug cartels, a shareholder lawsuit concerning the cost of Facebook (now Meta) CEO Mark ...
From Cambridge Analytica to Deutsche Bank to WhatsApp, we catalog the biggest corporate scandals of the year. 10 big corporate scandals of 2018 Skip to main content
Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating ...
McDonald's under fire for hot coffee You've probably rolled your eyes at the infamous case of a woman suing McDonald's for almost $3 million in 1992 because the hot coffee she spilled was too hot ...
PwC tax scandal. The PwC tax scandal was a scandal involving PwC 's abuse of Australian Government secrets to enrich itself and its corporate clients. PwC, and other Big Four accounting firms, give advice to governments on writing tax law, and also corporations seeking to avoid those laws. This conflict of interest came to a head in 2015, when ...