Good mornoing to one & all my term is vishal oberoi & my roll no is 54. we are here to give u a presentation about scams. specifically the investments scam of 1991-92. I would personally first love to introduce to u each of our group associates they are 1) kapil jagasia. Roll no 13 2) kevin diason roll no 19 3) ateesh naik roll not any 28 4) mustaanseer vora roll simply no 48 5) giriraj c iyer rotate no forty-nine & personally vishal uberoi roll no 54. I would personally now like to call upon _________________ to give all of us a brief advantages on scams. Introduction to scams
Various scams, scandals and stigmas that contain surfaced in the recent years. These may not become attributable to the antics and bungling of politicians, but they have been caused largely as a result of vitiated atmosphere that the political figures and the political system have formulated in the country. Scams and scandals have described themselves in large numbers in the last few years. The latest, the Gas Pump Fraud concerning three or more, 158 allotments of gas pumps, LPG agencies and kerosene petrol depots which were allegedly passed out on payment ranging from Rs 30 -50 lakh to Rs 2, 500 crore. The Prime Ressortchef (umgangssprachlich) took the bold and welcome stage of eliminating these allotments. Most of the scams that have occurred keep featuring off and on inside the media, although that doesn't prevent the next 1 from occurring since research and trial offers are excruciatingly prolonged. The Bofors rip-off, in which Rajiv Gandhi was also called, involved the purchase of important defence equipment from international markets leading to embezzlement of Rs sixty five crore. That was 15 years ago. Gandhi was assassinated, past Bofors agent Win Chaddha and previous defence secretary S E Bhatnagar have died and still haven't managed to extradite the main falsely accused, Ottavio Quattarocchi and Matn Abdo. Similarly, the Rs 1, 200-crore fodder con, relating to the procurement of nonexistent hitch on obligations from the state exchequer, has been in the news for many years. Investigations revealed that the former key minister Laloo Prasad Yadav was alleged to have attracted Rs one particular, 000 crore from distinct government treasuries through Pet Husbandry Officials. The CBI filed 40 regular circumstances in legal courts connected with this kind of scam, yet a final decision is still awaited. In Uttar Pradesh buys, the acquiring ayurvedic medications worth Rs 63 crore was found to be bogus. Then, there were the investments scam involving crores of rupees in broker Harshad Mehta secured huge amounts of financial loans from banking institutions against deceptive securities. There is nothing yet apparent as to what is occurring to this circumstance. And, the telecom scam, involving the perpetrations of former Union Marketing communications minister Sukh Ram from whose residence wads of currency paperwork were reclaimed from luggage and hand bags. The ressortchef (umgangssprachlich) was at some point sentenced by the court to imprisonment nevertheless the sentence has become kept in abeyance within the plea the fact that Minister desires to appeal against the phrase. Some of the latest scams possess involved huge frauds and a large number of people. Take the rip-off in creating and providing stamp daily news, which is used for recording paperwork for subscription purposes. This scam features about Rs 2, 2 hundred crore and involves deceitful printing and sale of stamps papers in a variety of parts of the country. One other scam features the deceptive withdrawal pounds, estimated to become about Rs 20 crore, for providing scholarships to scheduled peuple students beneath false names. The list will certainly not be ending & the upgrades have not but been finished there are constant additions to it. This was a quick introduction with the various scams in India now I would want to call upon _______________________ to give u a brief intro of the securities scam more famously known as the harshad mehta scam.
The term " securities scam" refers to a diversion of funds to the tune of over Rs. 3500 crores from the financial system to varied stockbrokers in a series of transactions (primarily in Government securities) during the...