Corporate Scandals in India: Checkpoint 1

Quick checkpoint - five questions on why scandals happen, Harshad Mehta, Ketan Parekh, Satyam and 2G.

Question 1 of 5 What are the three parts of the fraud triangle?

Pressure, opportunity and rationalisation Profit, price and product Supply, demand and taxes Banks, brokers and buyers

Donald Cressey described it.

Question 2 of 5 What reform followed the 1992 securities scam?

SEBI gained statutory powers The stock market closed Banks were privatised GST was introduced

NSE and demat followed too.

Question 3 of 5 What did Satyam's chairman confess in 2009?

Inflating cash by thousands of crores Paying too much tax Hiring too many staff Selling the company

Tech Mahindra later rescued it.

Question 4 of 5 What did the Supreme Court rule in the 2012 2G case?

Cancelled 122 licences and favoured auctions Upheld all licences Banned telecom Nothing

Auctions became the norm.

Question 5 of 5 What reform followed the Ketan Parekh scam?

Rolling settlement and a ban on badla Closing BSE Free trading A new currency

It curbed speculative carry-forward.

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