Business Frauds
100 guides found.
Business Frauds Day 60: The COVID PPE Kit Scam — The Businessmen Who Made Fortunes on Government Procurement
Day 60: The COVID PPE Kit Scam — The Businessmen Who Made Fortunes on Government Procurement THE NUMBER ₹11,857 crore. That’s the amount the Central Bureau of Investigation (CBI) e…
Business Frauds Day 59: Voveran and Pain Management — How Pharma Companies Pushed Addictive Drugs Through Doctors
Day 59: Voveran and Pain Management — How Pharma Companies Pushed Addictive Drugs Through Doctors THE NUMBER In 2018, the Central Bureau of Investigation (CBI) seized 1.47 crore ta…
Business Frauds DAY 58: GVK BIOSCIENCES — THE PHARMA TRIALS THAT FAKED DATA FOR THE WORLD
DAY 58: GVK BIOSCIENCES — THE PHARMA TRIALS THAT FAKED DATA FOR THE WORLD THE NUMBER In 2020, the European Medicines Agency (EMA) banned data from 1,027 clinical trials conducted b…
Business Frauds Day 57: Max Healthcare — The IHH Takeover and the Vanishing Promoters
Day 57: Max Healthcare — The IHH Takeover and the Vanishing Promoters THE NUMBER ₹5,300 crore. That’s the amount the original promoters of Max Healthcare—Analjit Singh and his fami…
Business Frauds Day 56: Fortis Hospital — Malvinder and Shivinder Singh looted their own hospital chain
Day 56: Fortis Hospital — Malvinder and Shivinder Singh looted their own hospital chain THE NUMBER ₹4,733 crore. That’s the amount the Singh brothers—Malvinder Mohan Singh and Shiv…
Business Frauds DAY 55: PIRAMAL – THE SHRIRAM ACQUISITION, THE ABBOTT DEAL, AND THE REGULATORY ARBITRAGE THAT RAISED EYEBROWS
DAY 55: PIRAMAL – THE SHRIRAM ACQUISITION, THE ABBOTT DEAL, AND THE REGULATORY ARBITRAGE THAT RAISED EYEBROWS THE NUMBER ₹17,334 crore. That’s the amount Piramal Enterprises Ltd (P…
Business Frauds Day 54: Shivinder Singh — The Holy Man Who Turned Hospitals into a ₹3,200 Crore Black Hole
Day 54: Shivinder Singh — The Holy Man Who Turned Hospitals into a ₹3,200 Crore Black Hole THE NUMBER ₹3,200 crore. That’s the amount Fortis Healthcare’s former promoter, Shivinder…
Business Frauds Day 53: Malvinder Singh — The Religare Fraud, ₹2,056 Crore, and the Collapse of a Pharma Dynasty
Day 53: Malvinder Singh — The Religare Fraud, ₹2,056 Crore, and the Collapse of a Pharma Dynasty THE NUMBER In 2019, the Serious Fraud Investigation Office (SFIO) discovered that ₹…
Business Frauds DAY 52: RANBAXY — THE ₹2,562.78 CRORE ARBITRATION AWARD THAT EXPOSED A GENERIC DRUGS EMPIRE BUILT ON LIES
DAY 52: RANBAXY — THE ₹2,562.78 CRORE ARBITRATION AWARD THAT EXPOSED A GENERIC DRUGS EMPIRE BUILT ON LIES THE NUMBER In June 2016, a Singapore arbitration tribunal ordered Ranbaxy’…
Business Frauds DAY 51: SUN PHARMA — THE $3.6 BILLION QUESTION MARK
DAY 51: SUN PHARMA — THE $3.6 BILLION QUESTION MARK THE NUMBER In 2019, the US Food and Drug Administration (FDA) issued 44 Form 483 observations—a record for any Indian pharma com…
Business Frauds DAY 50: DLF-VADRA — THE LAND DEAL THAT WASN’T A DEAL
DAY 50: DLF-VADRA — THE LAND DEAL THAT WASN’T A DEAL THE NUMBER In 2012, IAS officer Ashok Khemka discovered that DLF had sold 3.5 acres of prime land in Gurgaon to Robert Vadra’s …
Business Frauds DAY 49: ADARSH HOUSING — NOT A BUILDER BUT A SCAM, POLITICIANS AND GENERALS LOOTED KARGIL WIDOWS
DAY 49: ADARSH HOUSING — NOT A BUILDER BUT A SCAM, POLITICIANS AND GENERALS LOOTED KARGIL WIDOWS THE NUMBER In 2010, the Comptroller and Auditor General of India revealed that a 31…
Business Frauds Day 48: Ireo — The ₹900 Crore Gurugram Land Scam That Left 7,000 Homebuyers Homeless
Day 48: Ireo — The ₹900 Crore Gurugram Land Scam That Left 7,000 Homebuyers Homeless THE NUMBER In 2018, the Serious Fraud Investigation Office (SFIO) revealed that Ireo Pvt Ltd, a…
Business Frauds Day 47: Omaxe — The ₹1,800 Crore Hole in Delhi’s Skyline
Day 47: Omaxe — The ₹1,800 Crore Hole in Delhi’s Skyline THE NUMBER In 2023, the Enforcement Directorate (ED) attached assets worth ₹1,800 crore belonging to Omaxe Ltd. and its pro…
Business Frauds Day 46: 3C Company — The ₹2,800 Crore Noida Housing Scam That Left 12,000 Families Homeless
Day 46: 3C Company — The ₹2,800 Crore Noida Housing Scam That Left 12,000 Families Homeless THE NUMBER In 2019, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) reveale…
Business Frauds Day 45: BPTP — The ₹1,200 Crore Hole in Faridabad’s Skyline
Day 45: BPTP — The ₹1,200 Crore Hole in Faridabad’s Skyline THE NUMBER In 2022, the Enforcement Directorate (ED) attached assets worth ₹1,200 crore belonging to BPTP Limited, a rea…
Business Frauds Day 44: Supertech — The Twin Towers That Never Should Have Been Built
Day 44: Supertech — The Twin Towers That Never Should Have Been Built THE NUMBER ₹1,860 crore. That’s the amount the Supreme Court of India ordered Supertech Ltd to refund to 696 h…
Business Frauds Day 43: Jaypee Group — Manoj Gaur, ₹26,000 crore debt, Yamuna Expressway homebuyers trapped
Day 43: Jaypee Group — Manoj Gaur, ₹26,000 crore debt, Yamuna Expressway homebuyers trapped THE NUMBER In 2017, the National Company Law Tribunal (NCLT) admitted an insolvency peti…
Business Frauds Day 42: Amrapali — 42,000 homebuyers stranded, Supreme Court took over
Day 42: Amrapali — 42,000 homebuyers stranded, Supreme Court took over THE NUMBER In 2019, the Supreme Court of India revealed that Amrapali Group had diverted ₹3,000 crore from ho…
Business Frauds Day 41: Unitech — Sanjay Chandra, ₹7,000 crore from homebuyers, fled, arrested
Day 41: Unitech — Sanjay Chandra, ₹7,000 crore from homebuyers, fled, arrested THE NUMBER In 2017, the Supreme Court of India froze Unitech’s assets after discovering that the comp…