Business Frauds
100 guides found.
Business Frauds Day 20: The OCCRP Investigation into Adani — The Offshore Fund Allegations
Day 20: The OCCRP Investigation into Adani — The Offshore Fund Allegations THE NUMBER In January 2023, the Organized Crime and Corruption Reporting Project (OCCRP) and The Financia…
Business Frauds DAY 19: THE ADANI-MODI RELATIONSHIP — SPECIFIC POLICY DECISIONS AND THEIR TIMING
DAY 19: THE ADANI-MODI RELATIONSHIP — SPECIFIC POLICY DECISIONS AND THEIR TIMING THE NUMBER ₹53,000 crore—the value of Adani Group shares that evaporated in just two weeks after Hi…
Business Frauds DAY 18: VINOD ADANI — THE BROTHER WHO MOVED $4.5 BILLION THROUGH OFFSHORE SHELLS WHILE INDIA’S BANKS SLEPT
DAY 18: VINOD ADANI — THE BROTHER WHO MOVED $4.5 BILLION THROUGH OFFSHORE SHELLS WHILE INDIA’S BANKS SLEPT THE NUMBER In January 2023, Hindenburg Research alleged that Vinod Adani,…
Business Frauds Day 17: Adani-Wilmar — The Joint Venture That Moved Markets Without Moving Goods
Day 17: Adani-Wilmar — The Joint Venture That Moved Markets Without Moving Goods THE NUMBER In 2022, the Securities and Exchange Board of India (SEBI) found that Adani Wilmar Ltd (…
Business Frauds Day 16: Adani Airports — How 8 Airports Were Acquired and What Critics Say About the Process
Day 16: Adani Airports — How 8 Airports Were Acquired and What Critics Say About the Process THE NUMBER ₹55,000 crore. That’s the combined enterprise value of eight Indian airports…
Business Frauds Day 15: Adani-NDTV Acquisition — How a Debt Trap Became a Media Takeover
Day 15: Adani-NDTV Acquisition — How a Debt Trap Became a Media Takeover THE NUMBER ₹493 crore. That’s the exact amount Vishvapradhan Commercial Private Limited (VCPL), a shell com…
Business Frauds Day 14: Adani Enterprises — Coal Import Overpricing and Customs Cases
Day 14: Adani Enterprises — Coal Import Overpricing and Customs Cases THE NUMBER ₹29,000 crore. That’s the alleged overvaluation of coal imports by Adani Enterprises between 2011 a…
Business Frauds DAY 13: ADANI GREEN — THE US DOJ INDICTMENT ON SOLAR ENERGY BRIBERY (2024)
DAY 13: ADANI GREEN — THE US DOJ INDICTMENT ON SOLAR ENERGY BRIBERY (2024) THE NUMBER $1.36 million. That’s the exact amount the US Department of Justice (DOJ) alleges was paid in …
Business Frauds Day 12: Adani Ports and Myanmar Military — The Weapons Supply Chain Allegation
Day 12: Adani Ports and Myanmar Military — The Weapons Supply Chain Allegation THE NUMBER In 2022, a United Nations report revealed that Adani Ports and Special Economic Zone Ltd (…
Business Frauds DAY 11: GAUTAM ADANI — THE HINDENBURG REPORT AND THE $100 BILLION QUESTION
DAY 11: GAUTAM ADANI — THE HINDENBURG REPORT AND THE $100 BILLION QUESTION THE NUMBER On January 24, 2023, U.S.-based short-seller Hindenburg Research published a report alleging t…
Business Frauds Day 10: Kapil Wadhawan — DHFL, ₹34,615 crore, the biggest housing finance fraud
Day 10: Kapil Wadhawan — DHFL, ₹34,615 crore, the biggest housing finance fraud THE NUMBER In June 2019, the Reserve Bank of India (RBI) superseded the board of Dewan Housing Finan…
Business Frauds Day 9: Naresh Goyal — Jet Airways, ₹8,500 crore, arrested 2023
Day 9: Naresh Goyal — Jet Airways, ₹8,500 crore, arrested 2023 THE NUMBER In March 2019, State Bank of India (SBI) declared a ₹8,500 crore loan default by Jet Airways, India’s firs…
Business Frauds Day 8: C Sivasankaran — The Man Who Sold Aircel Under Alleged Pressure
Day 8: C Sivasankaran — The Man Who Sold Aircel Under Alleged Pressure THE NUMBER ₹1,600 crore. That’s the amount the Enforcement Directorate (ED) claimed was siphoned from Aircel’…
Business Frauds Day 7: Subrata Roy — Sahara, ₹24,000 crore owed to investors, Supreme Court vs one man
Day 7: Subrata Roy — Sahara, ₹24,000 crore owed to investors, Supreme Court vs one man THE NUMBER In 2012, the Securities and Exchange Board of India (SEBI) discovered that Sahara …
Business Frauds Day 6: The Sandesara Brothers — ₹15,000 Crore, Fled to Nigeria
Day 6: The Sandesara Brothers — ₹15,000 Crore, Fled to Nigeria THE NUMBER In 2017, the Central Bureau of Investigation (CBI) discovered that Sterling Biotech, a Gujarat-based pharm…
Business Frauds Day 5: Vikram Kothari — Rotomac Pens, ₹3,695 Crore, Arrested
Day 5: Vikram Kothari — Rotomac Pens, ₹3,695 Crore, Arrested THE NUMBER In March 2018, the Central Bureau of Investigation (CBI) filed a case against Vikram Kothari, promoter of Ro…
Business Frauds Day 4: Jatin Mehta — Winsome Diamonds, ₹6,800 crore, fled to St Kitts, still there
Day 4: Jatin Mehta — Winsome Diamonds, ₹6,800 crore, fled to St Kitts, still there THE NUMBER In March 2013, Punjab National Bank (PNB) discovered that Winsome Diamonds and Jewelle…
Business Frauds DAY 3: MEHUL CHOSKI — THE MAN WHO BOUGHT A COUNTRY TO ESCAPE A LOAN
DAY 3: MEHUL CHOSKI — THE MAN WHO BOUGHT A COUNTRY TO ESCAPE A LOAN THE NUMBER ₹13,578 crore. That’s the exact amount Punjab National Bank (PNB) discovered in January 2018 was siph…
Business Frauds Day 2: Nirav Modi — The ₹13,578 Crore PNB Fraud That Vanished Through Letters of Undertaking
Day 2: Nirav Modi — The ₹13,578 Crore PNB Fraud That Vanished Through Letters of Undertaking THE NUMBER In January 2018, Punjab National Bank (PNB) discovered that ₹13,578 crore—en…
Business Frauds Day 1: Vijay Mallya — The ₹9,000 Crore Kingfisher Loan That Flew Away
Day 1: Vijay Mallya — The ₹9,000 Crore Kingfisher Loan That Flew Away THE NUMBER In March 2016, the State Bank of India declared that Kingfisher Airlines owed it ₹1,600 crore—just …