Beruflich Dokumente
Kultur Dokumente
10 October 2013
What has IiAS looked at?
1. Accounting frauds
2. Broker-Operator-Promoter nexus
3. Demat scams
4. GDR frauds
5. Insider trading
6. IPO frauds
7. Market manipulation
8. Misleading disclosures
9. Mis-selling ULIPS
10. Ponzi schemes
11. (Unfair) buy-backs
12. Violation of takeover guidelines
Satyam Accounting
Fraud
Harshad Mehta
HomeTrade
Telgi Stamp Scam ULIP Mis-
selling
Mutual Saradha
Fund
CR Bhansali
Vanishing
MS Shoes
Ketan Parekh companies
‘Benami’ demat
1991 1992 1996 1997 2000 2001 2002 2003 2006 2007 2008 2009 2010 2011 2012 2013
Size of fraud is indicative
150
100
50
0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Nature of investigation
100
80
60
40
20
0
Investigations taken up Investigations taken up Investigations taken up
2011 2012 2013
Market manipulation & Price rigging Issue related to manipulation Insider Trading Takeovers Miscellaneous
Settlement/Compounding charges (In Cr) Legal & Admin Charges (In Cr) Disgorgement (In Cr)
• But remember…..
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