Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors
The PMC Bank episode compares in scale (with an approximate exposure of Rs 6,500 crore) with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India's biggest accounting fraud.
Nirav Modi scams PNB: The prime minister and his govt must put an end to this ‘Gujarat model’ of financial manipulation
Jeweller Nirav Modi joins a list of smart young Gujarati men — including Harshad Mehta, Hiten Dalal, Jatin Mehta and Ketan Parekh — who have in the last few years easily taken thousands of crores each from Indian banks
If Modi's stature has grown phenomenally in spite of the "perceived anger" over demonetisation and GST, the reason is not far to seek. He is seen more as a social reformer than a conventional politician.
Ram Jethmalani retires: From smuggler's lawyer to anti-corruption activist, the maverick's legal career
On Saturday, noted jurist Ram Jethmalani announced that he was retiring as an advocate. This piece looks at some of the highlights of his legal career.
Among the other cases the SIT is probing reportedly include a ponzi scheme, defence deals, Ketan Parekh stock market scam and other import-export cases.
There should be a sea-change from the earlier occasions when offenders would tend to "ignore orders from Sebi" and the legal cases would drag on for years without recovery of any money, Sinha said.
Why the Indian retail investor is still not smiling <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br />
The IB has reportedly submitted to the government a report, in which it has alleged that big players have joined hands with Ketan Parekh to engage in illegal activities "using circular trading, insider trading and use of front entities to rig up prices".