Maharashtra, Haryana, Delhi & Tamil Nadu top the chart when it comes to these frauds. Together, they account for 69% of the total reported frauds, according to FinMin data.
In ‘Corporate Frauds’, Robin Banerjee writes about the Bank of Credit and Commerce International, which had accounts of Jimmy Carter, James Callaghan, Saddam Hussein, and arms traders.
Dheeraj Wadhawan of Dewan Housing Finance Corporation Limited (DHFL) was denied bail after 2020 arrest in Yes Bank-related case, but spent only 9 out of last 24 months in jail.
In ‘Kleptopia’, Tom Burgis follows how dirty money floods the global economy when crisis hits democracies and kleptocrats see an opportunity to seize power.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS