Remove 2011 Remove Ethics Remove License
article thumbnail

Satyam Scam – The Story of India’s Biggest Corporate Fraud!

Trade Brains

A Case Study on ‘Satyam Scam’ Accounting Scandal: When the 2008 recession hit the world, India was not only going through a financial crisis but also an ethical crisis. PwC was found guilty and its license was temporarily revoked for 2 years. On 4th November 2011, bail was granted to Raju and two others accused.

Banking 131
article thumbnail

Vijay Mallya Scam Demystified | Vijay Mallya Case Study

Trade Brains

In the year 2011, the airline first declared that it had cash flow issues. Finally, the grounding of Kingfisher Airlines in 2012 and the cancellation of its license in December 2012 ended the Kingfisher journey. The shareholders kept waiting for their first dividends. What went wrong with Kingfisher?

Banking 52