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The Saradha Group financial scandal was a major financial scam and alleged political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds in Eastern India.
There were leaks of the report in media in March 2012 which claimed the figure to be around ₹ 10,600 billion (US$140 billion). It is called by the media as the Mother of all Scams. Discussion about the issue was placed in the Parliament on 26 Aug 2012 by the prime minister Manmohan Singh with wide protests from the opposition.
The Indian National Congress conducted its first session in Bombay from 28 to 31 December 1885 at the initiative of retired Civil Service officer Allan Octavian Hume.In 1883, Hume had outlined his idea for a body representing Indian interests in an open letter to graduates of the University of Calcutta.
Acquisition of Satyam by Mahindra Group. On 13 April 2009, via a formal public auction process, a 46% stake in Satyam was purchased by Mahindra & Mahindra owned company Tech Mahindra, as part of its diversification strategy. Effective July 2009, Satyam rebranded its services under the new Mahindra management as "Mahindra Satyam".
Qnet Ltd, formerly known as QuestNet, GoldQuest, and QI Limited, is a Hong Kong-based multi-level marketing (MLM) company owned by the QI Group. The company's products include energy, weight management, nutrition, personal care, home care and fashion accessories on an e-commerce platform.
The 2G Spectrum Case is an ongoing alleged scam case that the politicians and private officials of the United Progressive Alliance coalition government in India are accused of selling or allotting 122 2G spectrum licenses on conditions that provided benefit to specific telecom operators, A Raja (was the telecom minister in 2007) is being accused to sell 2G spectrum licenses at a very low cost ...
Source code breach. On December 11, 2010, the Gawker group's 1.3 million commenter accounts and their entire website source code was released by a hacker group named Gnosis. Gawker issued an advisory notice stating: "Our user databases appear to have been compromised. The passwords were encrypted.
An advance-fee scam is a form of fraud and one of the most common types of confidence tricks.The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.