Download - ppt of scam
SCAMS IN FINANCIAL MARKETS
Presented by:-Meghna Tank-58Sandeep Kaur-48Shahbaz Shah-50Ramakrishna-46
INTRODUCTION TO SCAM
MAJOR SCAMS
HARSHAD MEHTA BIG BULL SCAM 4000 crore-Before 2005
STAMP SCAM (Goa)- 30.19 crore-September 2005
SATYAM SCAM- 7 to 14000 crore-Jan 2009
LALIT MODI IPL SCAM- 1200 crore - July 2010
COMMON WEALTH SCAM- 8000 crore- Aug 2010
ENRON SCANDAL-Dec 2001
2G SPECTRUM-2010
IPO BUBBLE-1993
SCAMS TO BE EXPLAINED
HARSAD MEHTA
KETAN PAREKH
ENRON SCANDAL
HARSHAD MEHTA SCAM- 1991Rise in the BSE-1992 4000 crore (rs 40 billion) -banks to stockbrokers between april 1991 to may 1992.Huge sums of money from several banks and millions of investors were conned in the process. Charged with 72 criminal offences. Died in 2002 with many litigations still pending against himMajor culprits – brokers, bankers, financial institutions, bureaucrats, etc.
KETAN PAREKH-1999-2001.
"All my lifetime's savings are gone. I don't know how to feed my family."-
A small investor hit by the Ketan Parekh scam, in April 2001
ProfessionThe K 10 stocks
• Amitabh Bachchan Corporation Limited (ABCL)• Mukta Arts • Tips• Pritish Nandy Communications. • HFCL• Global Tele systems (Global)• Zee Telefilms • Crest Communications • Penta Media Graphics
ENRON SCANDAL- 2001
CONCLUSIONIt is clearly evident that the occurrence and reoccurrence of such security scams and financial scandals as some point in time be attributed to a failure of corporate governance in finance and that of financial regulation.