Business Frauds
100 guides found.
Business Frauds Day 40: ABG Shipyard — ₹22,842 crore, India’s largest bank fraud by a single company
Day 40: ABG Shipyard — ₹22,842 crore, India’s largest bank fraud by a single company THE NUMBER In January 2019, the Central Bureau of Investigation (CBI) filed a case revealing th…
Business Frauds Day 39: Punjab and Maharashtra Co-operative Bank — HDIL’s Rakesh Wadhawan, ₹4,355 crore
Day 39: Punjab and Maharashtra Co-operative Bank — HDIL’s Rakesh Wadhawan, ₹4,355 crore THE NUMBER In September 2019, the Reserve Bank of India (RBI) froze withdrawals from Punjab …
Business Frauds DAY 38: SHIKHA SHARMA — AXIS BANK, EVERGREENING ALLEGATIONS, TENURE CUT SHORT
DAY 38: SHIKHA SHARMA — AXIS BANK, EVERGREENING ALLEGATIONS, TENURE CUT SHORT THE NUMBER ₹5,633 crore. That’s the amount Axis Bank allegedly evergreened in loans to stressed borrow…
Business Frauds DAY 37: CHANDA KOCHHAR — CONVICTED, WHAT THE VIDEOCON QUID PRO QUO ACTUALLY WAS
DAY 37: CHANDA KOCHHAR — CONVICTED, WHAT THE VIDEOCON QUID PRO QUO ACTUALLY WAS THE NUMBER ₹1,875 crore. That is the exact amount ICICI Bank lent to Videocon Industries in 2012, a …
Business Frauds Day 36: ICICI Bank — Chanda Kochhar, the Videocon Loan, and the ₹64 Crore "Investment" in Her Husband’s Company
Day 36: ICICI Bank — Chanda Kochhar, the Videocon Loan, and the ₹64 Crore "Investment" in Her Husband’s Company THE NUMBER In 2012, ICICI Bank sanctioned a ₹3,250 crore loan to the…
Business Frauds Day 35: IL&FS — The ₹91,000 Crore Collapse That Broke India’s Shadow Banking System
Day 35: IL&FS — The ₹91,000 Crore Collapse That Broke India’s Shadow Banking System THE NUMBER In September 2018, the Ministry of Corporate Affairs revealed that Infrastructure…
Business Frauds Day 34: Yes Bank — Rana Kapoor, ₹3,700 crore, loans for kickbacks
Day 34: Yes Bank — Rana Kapoor, ₹3,700 crore, loans for kickbacks THE NUMBER In March 2020, the Reserve Bank of India (RBI) superseded Yes Bank’s board after discovering ₹3,700 cro…
Business Frauds Day 33: DHFL’s Wadhawan Brothers — How ₹31,000 Crore of Retail Depositor Money Vanished into Shell Companies
Day 33: DHFL’s Wadhawan Brothers — How ₹31,000 Crore of Retail Depositor Money Vanished into Shell Companies THE NUMBER In 2019, the Reserve Bank of India’s forensic audit revealed…
Business Frauds Day 32: Ketan Parekh — The Man Who Turned the Stock Market into a Merry-Go-Round
Day 32: Ketan Parekh — The Man Who Turned the Stock Market into a Merry-Go-Round THE NUMBER In March 2001, the Bombay Stock Exchange’s BSE Sensex crashed by 176 points in a single …
Business Frauds DAY 31: HARSHAD MEHTA — THE ₹4,000 CRORE SCAM THAT SHOOK INDIA’S STOCK MARKET
DAY 31: HARSHAD MEHTA — THE ₹4,000 CRORE SCAM THAT SHOOK INDIA’S STOCK MARKET THE NUMBER In April 1992, the Reserve Bank of India discovered that ₹4,000 crore—equivalent to nearly …
Business Frauds Day 30: Dhirubhai Ambani’s Original Rise — Licenses, Government Access, and Textile Policy Manipulation
Day 30: Dhirubhai Ambani’s Original Rise — Licenses, Government Access, and Textile Policy Manipulation THE NUMBER In 1977, the Reserve Bank of India (RBI) discovered that Reliance…
Business Frauds DAY 29: RELIANCE RETAIL — HOW IT EXPANDED AND WHAT SMALL TRADERS SAY
DAY 29: RELIANCE RETAIL — HOW IT EXPANDED AND WHAT SMALL TRADERS SAY THE NUMBER In 2022, Reliance Retail’s revenue hit ₹2.60 lakh crore—larger than the GDP of 130 countries. That s…
Business Frauds Day 28: Reliance Jio — Spectrum Allocation, Predatory Pricing, and the Telecom Massacre
Day 28: Reliance Jio — Spectrum Allocation, Predatory Pricing, and the Telecom Massacre THE NUMBER In 2016, India’s telecom sector lost ₹1.5 lakh crore ($22 billion) in market valu…
Business Frauds DAY 27: KG-D6 GAS — THE $12.5 BILLION DISAPPEARING ACT
DAY 27: KG-D6 GAS — THE $12.5 BILLION DISAPPEARING ACT THE NUMBER In 2011, the Comptroller and Auditor General of India (CAG) reported that Reliance Industries Limited (RIL) had ov…
Business Frauds DAY 26: MUKESH AMBANI VS ANIL — THE INHERITANCE SPLIT, THE GAS PRICING WAR, AND THE SUPREME COURT
DAY 26: MUKESH AMBANI VS ANIL — THE INHERITANCE SPLIT, THE GAS PRICING WAR, AND THE SUPREME COURT THE NUMBER In 2010, the Supreme Court of India ruled that Reliance Industries Limi…
Business Frauds Day 25: Anil Ambani’s Chinese Loans — ₹1,400 Crore from Chinese Banks Revealed in UK Court
Day 25: Anil Ambani’s Chinese Loans — ₹1,400 Crore from Chinese Banks Revealed in UK Court THE NUMBER In 2020, a UK High Court judgment revealed that Anil Ambani had personally gua…
Business Frauds Day 24: Reliance Communications — The Telecom Titan That Buried ₹45,000 Crore in Debt and Left Everyone Holding the Bill
Day 24: Reliance Communications — The Telecom Titan That Buried ₹45,000 Crore in Debt and Left Everyone Holding the Bill THE NUMBER In March 2019, the National Company Law Tribunal…
Business Frauds Day 23: Anil Ambani’s Rafale — The ₹30,000 Crore Offset Mirage
Day 23: Anil Ambani’s Rafale — The ₹30,000 Crore Offset Mirage THE NUMBER In 2018, the Comptroller and Auditor General of India (CAG) flagged that Dassault Aviation, the French man…
Business Frauds Day 22: Anil Ambani in Contempt — Supreme Court, Ericsson Payment, Jail Threat
Day 22: Anil Ambani in Contempt — Supreme Court, Ericsson Payment, Jail Threat THE NUMBER ₹550 crore. That is the exact amount the Supreme Court of India ordered Anil Ambani’s Reli…
Business Frauds Day 21: Anil Ambani — From Billionaire to Zero, ₹1.2 Lakh Crore Debt, What Happened
Day 21: Anil Ambani — From Billionaire to Zero, ₹1.2 Lakh Crore Debt, What Happened THE NUMBER In March 2020, the Reserve Bank of India (RBI) directed YES Bank to declare ₹8,415 cr…