Scams and corruption is nothing new in India, but 2010, will be remembered for scmas, which are coming after each day. It all started with CWG, Mr. Kalmadi was on the receving end. Adarsh society, and most famous 2G scams, which is probably the biggest scam in Indian politics till date. The new one which has broken the trust of many investors of LIC, comes from such financial institution which have earned a huge reputations among the investor.LIC, is probably the most trusted brand for insurance, and when name of CEO of such a brand comes under such scam, the reputation which LIC has build over many years, suffers a lot.
These are the issues which comses to lime light, because of some internal issues between Govt, or may be because of alert Media or some may be because of intellegence of CBI.
But these scams are hurting the reputation of India, weare amonget the fastest growing ecconomies inthe world in current date, but such things brings shame to us.
There are still many other small or bigger scams which have still not comes in lime lght, but I am sure they are going to come up over the period of time, sooner or later.
Hall of Shame:
Those arrested by the CBI include Ramachandran Nair, LIC Housing Finance CEO; Naresh K Chopra, Secretary (Investment) of LIC (Mumbai); R N Tayal, General Manager of Bank of India (Mumbai); Maninder Singh Johar, Director (Chartered Accountant) of Central Bank of India (Delhi); Venkoba Gujjal, Deputy General Manager of Punjab National Bank (Delhi) and Rajesh Sharma, CMD of Mumbai-based NBFC Money Matters, with his staff members Suresh Gattani and Sanjay Sharma
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