Ethics (Scam Report)
Ethics (Scam Report)
SUBJECT:
ETHICS AND GOVERNANCE
PROJECT ON:
SAHARA SCAM
SUBMITTED BY:
SUBMITTED TO:
PROF. ABHILASHA N
BMS DEPARTMENT
What is Scam?
A scam is confident trick or confident game, which is an attempt to
intentionally mislead a person or persons usually with the goal of
financial or other gain.
Conclusion
Sahara scam is still ongoing, with some legal aspects and investor
refunds yet to be finalized. SEBI has absolute power to investigate into
the matters of both listed companies and unlisted companies. It vests
SEBI to investigate into any matter concerning the interest of the
investors even if it pertains to companies which are not listed.
Companies walk on a thin rope and are overtly conscious of potential
fraud as it may damage their reputation and market capitalization. This
is an encouraging sign, which indicates brighter future for corporate
governance.