Curriculum Corporate Scandals in India
Corporate Scandals in India
What India's biggest business scandals teach about incentives and oversight: why scandals happen, Harshad Mehta's 1992 scam, Ketan Parekh, Satyam, the 2G controversy, Kingfisher and Vijay Mallya, Sahara, IL&FS, Yes Bank, DHFL, Byju's and governance lessons.
- Why Corporate Scandals Happen The economic reasons behind corporate fraud - incentives, weak oversight, information gaps and booms that hide problems - and the fraud triangle. 📄 Read-aloud
- Harshad Mehta and the 1992 Securities Scam How stockbroker Harshad Mehta diverted bank funds through the government securities market to fuel a stock market boom in 1991-92, and how the scam led to SEBI's powers and NSE's creation. 📄 Read-aloud
- Ketan Parekh and the 2001 Market Manipulation How broker Ketan Parekh manipulated a group of technology and media stocks in the dot-com boom using bank funds, and how the scam led to reforms like rolling settlement. 📄 Read-aloud
- Satyam: India's Enron How Satyam Computer Services' founder admitted in January 2009 that the company had inflated cash by thousands of crores, the rescue by Tech Mahindra, and corporate governance reforms. 📄 Read-aloud
- The 2G Spectrum Controversy How the 2008 allocation of 2G telecom licences on a first-come-first-served basis led to allegations of a huge loss to the government, the 2012 Supreme Court cancellation, and the 2017 acquittals. 📄 Read-aloud
- Kingfisher Airlines and Vijay Mallya How Kingfisher Airlines expanded rapidly, accumulated heavy losses and bank debts, collapsed in 2012, and how Vijay Mallya left India amid loan default proceedings. 📄 Read-aloud
- Corporate Scandals in India: Checkpoint 1 Quick checkpoint - five questions on why scandals happen, Harshad Mehta, Ketan Parekh, Satyam and 2G. 5 questions
- Sahara and the Parallel Deposits How Sahara group companies raised over 24,000 crore rupees from millions of small investors through bonds without SEBI approval, and the long legal battle to refund them. 📄 Read-aloud
- IL&FS: When an Infrastructure Lender Collapsed How IL&FS, a large infrastructure finance group with hundreds of subsidiaries, defaulted in 2018, triggering a crisis for NBFCs and mutual funds. 📄 Read-aloud
- Yes Bank's Rescue How Yes Bank grew rapidly through risky lending, hid bad loans, and was placed under a moratorium in March 2020 before an SBI-led rescue. 📄 Read-aloud
- DHFL and the Housing Finance Crisis How housing finance company DHFL collapsed in 2019 amid allegations of diverting funds, became the first financial firm resolved under the IBC, and the losses for creditors. 📄 Read-aloud
- Byju's: From Decacorn to Crisis How edtech firm Byju's grew into India's most valuable startup, expanded through costly acquisitions and aggressive sales, and fell into crisis with delayed accounts, lender disputes and insolvency. 📄 Read-aloud
- Governance Lessons from Scandals What India's corporate scandals teach about auditors, boards, regulators and investors, and a recap of the module. 📄 Read-aloud