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Post Tagged with: "Nirav Modi"

India Reins Ponzi Kingpins

India Reins Ponzi Kingpins

  In 1919 Charles Ponzi, a clerk in Boston, suckered Americans with a scheme that is now identified with his name. At a time when interest rates stood at 5 percent, Ponzi offered investors a 50 percent return in just 45 days. The pitch was to buy postal coupons—used for buying foreign stamps, in a particular country, and then capitalize[Read More…]

Can India Stop It’s Epic Bank Scams?

Can India Stop It’s Epic Bank Scams?

  The world’s great philanthropist and investment leader, Warren Buffett, once said, “It’s only when the tide goes out that you realise who has been swimming naked”. Well, it’s the ebb of the tide for many of India’s high-flying crony capitalists like Nirav Modi and Mehul Choksi, as they find themselves caught in an ignominious buff. Their diamonds may have sparkled[Read More…]

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PNB Saga Continues- The Enormity of Fraudulence

PNB Saga Continues- The Enormity of Fraudulence

  Heartiest Congratulations to the Govt of India. They have allowed the second billionaire who has done the biggest fraud of India to leave the country. Where are those who are charged with the responsibility of keeping an eye on the financial institutions in the country, like the revenue intelligence wings in Banks, RBI, ED and others? Why the Government[Read More…]