Sie sind auf Seite 1von 8

m 


JVG

SUBMITTED TO :
„ 


SUBMITTED BY
      
     ! "
  #! !$ % # &
Õ Õ

Ê Mr. Vijay Kumar Sharma chairman of JVG


Group.

Ê Sued for non payment.

Ê RBI banned all non-banking companies of


JVG Group (oct 1997).
m
m  
Ê Graduate from kurukshetra university.

Ê Started carrier as a contractor

Ê Material supplier to swadeshi polytex in 1979 .

Ê JVG group and their different company

Ê Political connection

Ê Increase in company turn over

Ê JVG enter in to FMCG Segment


Ê small-time contractor earning less than Rs
2500 a month, -Rs 1000 crore, in just seven
month.
Ê Known for his lavish lifestyle.
Ê most part of the JVG empire was created
largely from public fixed deposits.
Ê The JVG group's turnover increased from Rs
102 crore in 1994-95 to Rs 700 crore in 1995-
96.
Ê JVG Department Stores one of the largest
suppliers of commodities to the Government
of India.
Ê Sharma had grand plans for making JVG a
Rs 12000 crore empire by 2000.
 
Ê ' #(% )**+# %%% ,%- ! (%.
(!$-! ! !%/-# %01 2-
!%. 01/! %+013%!$01% 2 !#!%. - 
 %#!$%!#- # %2(! 

Ê  %$%# ## % 


  %#%%!#4 # 
555"  %4 ! 467758-!#%#4%-2 !4
2  !$ % # # %% !!(%!!#-"68

Ê ## !!#+01 ! 1     %


# % (( %# %!,%# 

Ê % !%# #9 !#
-# % % #!-! #%4% %-% % %
# %
42#(%!( 

Ê ,%# # % !%## % !,! 2 #+ 2% 


2 #+
34  !! 2 #2% # %
%$#!(% # 2%#
Ê On a complaint filed by the RBI, the Delhi
High Court ordered the winding up of the
company.

Ê The case the JVG scandal is intend to give a


detailed insight in to the fraud committed by the
JVG group of companies.

Ê The team arrested Sharma at a flat in Bandra, a


suburb in northwest Mumbai. In June 1999, after 16
months in jail.
Ê Sharma was granted bail on a personal bond of Rs
1 lakh and a surety of a similar amount and was
directed not to leave the country without the court's
permission.
ÿ 
Ê ëo company should exceed their limits
of public deposits.
Ê You have to inform RBI about the
changes in the composition of the board
of directors.
Ê RBI's petition also stated that the
company has to maintained liquid assets
as required by section 45IB of the RBI
Act, 1934.