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In Search of Corruption Funds
In Search of Corruption Funds A comparative study of country practices prepared in fulfillment of the Advanced Research Project The Graduate Institute, Geneva, Fall 2016 Contents Acknowledgements ............................................................................................ iii Acronyms and abbreviations ............................................................................ iv Executive Summary ........................................................................................... v Strategic recommendations ............................................................................ viii Technical recommendations ............................................................................. ix Part I: Introduction ............................................................................................ 1 Ia. Overview of the problem ............................................................................. 1 Part II: Research Overview ............................................................................... 3 IIa. Research questions and key assumptions .................................................... 4 IIb. Methodology .............................................................................................. 5 Part III. Common law practice ......................................................................... 7 IIIa. The United States .................................................................................... 7 Overview ....................................................................................................... -
Ketan Parekh
Stock Market Scams in India INTRODUCTION Introduction Financial scams have a habit of cropping up with an alarming regularity in the Indian financial system. We have reconciled to financial irregularities to such an extent that we simply do not pay heed to smaller scams that take place around us on a daily basis. I am, or rather was, a part of the financial machinery for a few years, and trust me even the private sector is not entirely free of the machinations of unscrupulous and enterprising scamsters. The scope of the money involved multiplies manifold in the public sector, with a corresponding drop in accountability. India has seen some of the most high-profile scandals where investors have lost billions of rupees just because a few people in high places could not control their greed. The Satyam Computer Services fraud is neither the first nor will it be the last corporate scam to have hit India, so investors must be on guard and ask for more information before making any investment decision, says former Sebi chairman M Damodaran. But with corporates, brokers, banks, politicians, regulators colluding at times, many a multi- crore scam has hit India. And the saga is likely to go on. India has seen some of the most high-profile scandals where investors have lost billions of rupees just because a few people in high places could not control their greed. Over the Years there have been numerous fraud and scandals in the Indian Stock Market. These scams have had a very major impact on the stock markets. -
Indian Military Procurements: a Scandalous Affair
Indian military procurements: a scandalous affair Dr Zia Ul Haque Shamsi India, the world’s largest democracy and a non-NPT nuclear weapons’ state, is plagued with scandals for military procurements. Despite stringent and painstaking bureaucratic processes for the approvals of defence procurements, India has perhaps the most numbers of scandals of corruptions when it comes to buying arms and equipment. The most famous corruption scandal in Indian military procurements remains that of Swedish Bofors guns during the 1980s. As the narrative goes, Indian military acquired some 410 field howitzer guns of 155 mm calibre from a Swedish firm Bofors AB for USD 1.4 billion. While the selection of the equipment was not questioned, nor the contract package, but it was revealed much later that millions of dollars were paid by the Swedish company to Indian politicians to secure the contract. This bombshell news was actually broken by the Swedish radio on April 16, 1987. The news was immediately reported in Indian media and had an extremely adverse impact on Prime Minister Rajiv Gandhi, who in fact lost the general elections held in November 1989. Interestingly, Janta Dal leader VP Singh who was Gandhi’s Defence Minister when the Bofors scandal broke the ground and had resigned, became India’s Prime Minister in the aftermath of disastrous results for Indian National Congress (INC). Another Indian military acquisition deal which came to light due to allegations of bribery by the international vendor relates to Thales’ Scorpene-class submarines. The alleged amount was USD 175 million in a total contract deal of USD 3.0 billion, which was made through a middleman. -
India's Agendas on Women's Education
University of St. Thomas, Minnesota UST Research Online Education Doctoral Dissertations in Leadership School of Education 8-2016 The olitP icized Indian Woman: India’s Agendas on Women’s Education Sabeena Mathayas University of St. Thomas, Minnesota, [email protected] Follow this and additional works at: https://ir.stthomas.edu/caps_ed_lead_docdiss Part of the Education Commons Recommended Citation Mathayas, Sabeena, "The oP liticized Indian Woman: India’s Agendas on Women’s Education" (2016). Education Doctoral Dissertations in Leadership. 81. https://ir.stthomas.edu/caps_ed_lead_docdiss/81 This Dissertation is brought to you for free and open access by the School of Education at UST Research Online. It has been accepted for inclusion in Education Doctoral Dissertations in Leadership by an authorized administrator of UST Research Online. For more information, please contact [email protected]. The Politicized Indian Woman: India’s Agendas on Women’s Education A DISSERTATION SUBMITTED TO THE FACULTY OF THE COLLEGE OF EDUCATION, LEADERSHIP, AND COUNSELING OF THE UNIVERSITY OF ST. THOMAS by Sabeena Mathayas IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF EDUCATION Minneapolis, Minnesota August 2016 UNIVERSITY OF ST. THOMAS The Politicized Indian Woman: India’s Agendas on Women’s Education We certify that we have read this dissertation and approved it as adequate in scope and quality. We have found that it is complete and satisfactory in all respects, and that any and all revisions required by the final examining committee have been made. Dissertation Committee i The word ‘invasion’ worries the nation. The 106-year-old freedom fighter Gopikrishna-babu says, Eh, is the English coming to take India again by invading it, eh? – Now from the entire country, Indian intellectuals not knowing a single Indian language meet in a closed seminar in the capital city and make the following wise decision known. -
Bharatiya Janata Party
Indian Black Money Abroad In Secret Banks and Tax Havens Second Report Of The Task Force on the steps to be taken by India Members Shri Gurumurthy, Chartered Accountant, Chennai Shri Ajit Doval, former Director Intelligence Bureau, Delhi Prof R.Vaidyanathan, Professor of Finance Indian Institute of Management, Bangalore Shri Mahesh Jethmalani, Senior Advocate, Mumbai Submitted to BHARATIYA JANATA PARTY 1 I. The First Interim Report The first Interim Report of the Task Force appointed by the Bharatiya Janata Party was released to the public on 17-04-2009. Afterward different world governments, particularly those in the West, have increasingly begun targeting tax havens and intensely began pursuing black money. The US, and France particularly began a huge campaign against the evil of black money. The estimates black money lodged in tax havens by global financial institutions like the International Monetary Fund reached as high as $18 trillion. The instability in the global financial order itself was traced to the evil money. So the issue has now acquired a totally different dimension. In the first Interim Report, the Task Force had suggested broad national and global strategy for dealing with the menace of black money out of the country. The substance of the recommendations of the Task Force in the First Interim Report is summarized here: Global Strategy: • Creating a powerful public opinion and broad national consensus on the issue. Those who do not support the move should be seen as supporters of black economy. • India must become a very active player in the G-20 efforts against secret banking and tax havens. -
Idss Commentaries
RSIS COMMENTARIES RSIS Commentaries are intended to provide timely and, where appropriate, policy relevant background and analysis of contemporary developments. The views of the authors are their own and do not represent the official position of the S.Rajaratnam School of International Studies, NTU. These commentaries may be reproduced electronically or in print with prior permission from RSIS. Due recognition must be given to the author or authors and RSIS. Please email: [email protected] or call (+65) 6790 6982 to speak to the Editor RSIS Commentaries, Yang Razali Kassim. __________________________________________________________________________________________________ No. 039/2013 dated 5 March 2013 Defence Procurement in India: Implications of Finmeccanica Scandal By Manaswini Ramkumar Synopsis India’s latest procurement scandal with Italian defence firm Finmeccanica carries serious political and economic ramifications for New Delhi. Apart from stalling Indian defence modernisation, the scandal could also spell electoral defeat for the Congress-led coalition government. Commentary THE RULING Congress government has been hit with yet another corruption scandal, this time in defence procurement. Last month, bribery allegations in a €556 million/US$743 million deal with a subsidiary of Italian defence firm, Finmeccanica, have surfaced at the most inopportune moment, politically as well as economically, for both India and Italy. The Indian government issued a show cause notice on 15 February 2013 to Finmeccanica and its UK-based subsidiary, AgustaWestland. It demanded a probe into the alleged kickbacks involved in the sales contract of 12 AW101s – AgustaWestland’s Medium/Heavy multi-role helicopter – that were meant to be used as civilian transport aircraft for VVIPs. The Defence Ministry suspended the payment for the remaining delivery of nine choppers, threatened to suspend the contract and blacklist Finmeccanica if the firm did not respond to the notice within a week. -
Major Scams in India Since 1947: a Brief Sketch
© 2015 JETIR July 2015, Volume 2, Issue 7 www.jetir.org (ISSN-2349-5162) Major Scams in India since 1947: A Brief Sketch Naveen Kumar Research Scholar Deptt. of History B.R.A.B.U. Muzaffarpur "I would go to the length of giving the whole congress a decent burial, rather than put up with the corruption that is rampant." - Mahatma Gandhi. This was the outburst of Mahatma Gandhi against rampant corruption in Congress ministries formed under 1935 Act in six states in the year 1937.1 The disciples of Gandhi however, ignored his concern over corruption in post-Independence India, when they came to power. Over fifty years of democratic rule has made the people so immune to corruption that they have learnt how to live with the system even though the cancerous growth of this malady may finally kill it. Politicians are fully aware of the corruption and nepotism as the main reasons behind the fall of Roman empire,2 the French Revolution,3 October Revolution in Russia,"4 fall of Chiang Kai-Sheik Government on the mainland of China5 and even the defeat of the mighty Congress party in India.6 But they are not ready to take any lesson from the pages of history. JEEP PURCHASE (1948) The history of corruption in post-Independence India starts with the Jeep scandal in 1948, when a transaction concerning purchase of jeeps for the army needed for Kashmir operation was entered into by V.K.Krishna Menon, the then High Commissioner for India in London with a foreign firm without observing normal procedure.7 Contrary to the demand of the opposition for judicial inquiry as suggested by the Inquiry Committee led by Ananthsayanam Ayyangar, the then Government announced on September 30, 1955 that the Jeep scandal case was closed. -
State Politics in India English
CONTENTS Unit No. Title Page No. 1. Approaches concepts and Methods of Analysis of State Politics. 01 2. Formation of States, Issue of resources-river waters, minearls, energy sharing 17 3. Structure and Functioning of the State Legislature, Executive and Judiciary 30 4. Issues in Regional Politics : Interface between Politics and Economy 44 5. LinkagesbetweenRegionalandNationalPolitics 69 6. The changing Role of Caste, Elites, Religion and Language in State Politics 82 7. Local Government and Politics : Panchayati Raj and Nagarpalika 104 8. Impact of uneven development instates on thefederal polity-State Finances and The Issue of Autonomy 123 I SYLLABUS M.A. (PART - II) OPTIONAL PAPER PAPER - III - STATE POLITICS IN INDIA 1. Approaches, Concepts and Methods of Analysis of State Politics 2. Formation of States, Issues of resources - river waters, minerals, energy sharing. 3. Structure and Functioning of the State Legislature, Executive and Judiciary. 4. Issues in Regional Politics : Interface between Politics and the Economy, Role of Trade Unions and Peasant Movements; Mass Movements - Women, Youth and NGO’s Role of Mass Media - Print and Audio Visual. 5. Linkages between Regional and National Politics : Decline of One Party Dominance and Emergence of Coalition Politics. 6. The changing Role of Caste, Elites, Religion and Language in State Politics. 7. Local Government and Politics : Panchayati Raj and Nagarpalika. 8. Impact of uneven development in states on the federal polity - State finances and the Issue of Autonomy. Suggested Readings : 1. Bayly, Susan, New Cambridge History of India; Volume IV : Caste, Society and Politics in India from the Eighteenth Century to the Modern Age, Cambridge, Cambridge University Press, 1999. -
The Rise and Fall of the Widely Held Firm: a History of Corporate Ownership in Canada
This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: A History of Corporate Governance around the World: Family Business Groups to Professional Managers Volume Author/Editor: Randall K. Morck, editor Volume Publisher: University of Chicago Press Volume ISBN: 0-226-53680-7 Volume URL: http://www.nber.org/books/morc05-1 Conference Date: June 21-22, 2003 Publication Date: November 2005 Title: The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada Author: Randall Morck, Michael Percy, Gloria Tian, Bernard Yeung URL: http://www.nber.org/chapters/c10268 1 The Rise and Fall of the Widely Held Firm A History of Corporate Ownership in Canada Randall K. Morck, Michael Percy, Gloria Y. Tian, and Bernard Yeung 1.1 Introduction At the beginning of the twentieth century, large pyramidal corporate groups, controlled by wealthy families or individuals, dominated Canada’s large corporate sector, as in modern continental European countries. Over several decades, a large stock market, high taxes on inherited income, a sound institutional environment, and capital account openness accompa- nied the rise of widely held firms. At mid-century, the Canadian large cor- porate sector was primarily freestanding widely held firms, as in the mod- ern large corporate sectors of the United States and United Kingdom. Then, in the last third of the century, a series of institutional changes took place. These included a more bank-based financial system, a sharp abate- Randall K. Morck is Stephen A. Jarislowsky Distinguished Professor of Finance at the University of Alberta School of Business and a research associate of the National Bureau of Economic Research. -
Bee Final Round Bee Final Round Regulation Questions
NHBB A-Set Bee 2016-2017 Bee Final Round Bee Final Round Regulation Questions (1) A letter by Leonel Sharp provides this work's most widely accepted text, including the promises \you have deserved rewards and crowns" and \we shall shortly have a famous victory." In this speech, the speaker thinks \foul scorn that Parma or Spain [...] should dare to invade the borders of my realm" before promising to take up arms, despite having a \weak, feeble" body. For the point, name this 1588 speech delivered to an army awaiting the landing of the Spanish Armada by a leader who had the \heart and stomach of a King," Elizabeth I. ANSWER: Tilbury Speech (accept descriptions that use the name Tilbury; prompt on descriptions that don't, such as \Queen Elizabeth's speech to her army about the incoming Spanish Armada" or portions thereof, so long as the player includes something that the tossup hasn't gotten to yet) (2) This man represented holders of the Wentworth Grants in a New York court case; protecting his interests in those grants led this man and his family to form the Onion River Company. Late in life, this man published the deist book Reason: The Only Oracle of Man. After a meeting at Catamount Tavern, this man organized a militia group that went on to aid Benedict Arnold in the capture of Fort Ticonderoga. For the point, name this man who advocated independence for Vermont and who led the Green Mountain Boys. ANSWER: Ethan Allen (3) This activity was re-affirmed to not be interstate commerce by Oliver Wendell Holmes, Jr. -
Parliament of India Rajya Sabha 48
PARLIAMENT OF INDIA RAJYA SABHA 48 DEPARTMENT RELATED PARLIAMENTARY STANDING COMMITTEE ON PERSONNEL, PUBLIC GRIEVANCES, LAW AND JUSTICE FORTY EIGHTH REPORT ON THE LOKPAL BILL, 2011 (PRESENTED TO THE RAJYA SABHA ON 9TH DECEMBER, 2011) (LAID ON THE TABLE OF THE LOK SABHA ON 9TH DECEMBER, 2011) RAJYA SABHA SECRETARIAT NEW DELHI DECEMBER, 2011/AGRAHAYANA, 1933 (SAKA) Website:http://rajyasabha.nic.in E-mail:[email protected] CS (P & L)-95 PARLIAMENT OF INDIA RAJYA SABHA DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON PERSONNEL, PUBLIC GRIEVANCES, LAW AND JUSTICE FORTY EIGHTH REPORT ON THE LOKPAL BILL, 2011 (PRESENTED TO THE RAJYA SABHA ON 9th DECEMBER, 2011) (LAID ON THE TABLE OF THE LOK SABHA ON 9th DECEMBER, 2011) RAJYA SABHA SECRETARIAT NEW DELHI DECEMBER, 2011/AGRAHAYANA, 1933 (SAKA) CONTENTS PAGES 1. COMPOSITION OF THE COMMITTEE ........................................................................................ (i)-(ii) 2. PREFACE BY CHAIRMAN ......................................................................................................... (iii)-(v) 3. REPORT OF THE COMMITTEE .................................................................................................. 1—141 CHAPTER 1- Introduction.................................................................................................. 1—4 CHAPTER 2- Committee Proceedings and Timelines .................................................... 5—6 CHAPTER 3- The Concept of Lokpal: Evolution and Parliamentary History ............. 7—10 CHAPTER 4- Citizens’ -
Current Affairs Solved Mcqs 1988 to 2013
6/13/2013 THE CURRENT AFFAIRS CSS SOLVED MCQS POINT 1988 TO 2013 Note: The CSS Point is not responsible for any fact/information mentioned in this booklet. This is a complied work. All contents had taken from different internet sources. Current Affairs -- Compulsory | The CSS Point THE CSS POINT MCQS- CURRENT AFFAIRS -1988 1. 1988 noble peace prize has been awarded to: a. Diego Cordovez b. Anwar Sadat c. United Nations 2. Dan Quayle is: a. Mexican footballer b. American Politician c. Prime Minister of Brazil 3. Gen. Augusto Pinochet is: a. Leader of Contrast in Nicaragua b. Military Dictator of el-Salvador c. President of Chile 4. Robert Mugabe is: a. President of Zimbabwe b. President of Kenya c. Prime Minister of Angola 5. Sakharov is: a. Anti-Soviet Polish Leader b. Secretary General of the Hungarian Communist Party c. Soviet Nuclear Scientist 6. The last day of the Quaid-e-Azam was written by: a. M. A. H. Isphani b. Fatima Jinnah c. Col. Illahi Bukhsh (probably, iam not sure) 7. The new Olympic Champion in Hockey is: a. Australia b. West Germany c. England (during the year 1988) 8. The process of European integration is scheduled to be completed by: a. 1990 b. 1992 c. 1994 9. The Bofors Scandal occurred in: a. Italy b. India c. Japan 10. The Black Sea and the Mediterranean are connected by: a. Shattal Arab b. Dardanelles c. Strait of Gibraltar 2 www.thecsspoint.com www.facebook.com/thecsspointOfficial THE CSS POINT MCQS- CURRENT AFFAIRS -1989 1. Which country makes the Entac Missiles: a.