There is much to be said in favour of creating an effective legal and regulatory environment to prevent and prosecute corporate frauds. In the latest Frontline, I have focussed on the limitations of Serious Fraud Investigations Office, and the existing regulatory framework. The timely posts by our co-blogger, V.Umakanth on this blog and his colleague on the Indian Corporate Law blog, Jayant Thakur, have been duly acknowledged. Read on
Corporate fraud and the law
Further reading
A fortnightly feature inspired by I-CONnect’s weekly “What’s New in Public Law” feature that addresses the lacuna of a one-stop-shop public law newsletter in the Indian legal...
A mass movement led by students has ushered in a new dawn in Bangladesh. What began as a claim for reform of the quota system transformed into a national movement to oust Bangladesh’s long-standing...
A mass movement led by students has ushered in a new dawn in Bangladesh. What began as a claim for reform of the quota system transformed into a national movement to oust Bangladesh’s long standing...
A mass movement led by students has ushered in a new dawn in Bangladesh. What began as a claim for reform of the quota system transformed into a national movement to oust Bangladesh’s long-standing...
A fortnightly feature inspired by I-CONnects weekly What’s New in Public Law feature that addresses the lacuna of a one-stop-shop public law newsletter in the Indian legal space. What’s new at...
Speakers and Schedule of the Fourth Edition of the Court and Constitution Conference, 2023 at NALSAR University of Law, Hyderabad.
Mr. Venkatesan, thanks for your detailed analysis of SFIO’s role and track record. I am “cautiously” optimistic about the Satyam case, however, for the following reasons I have detailed elsewhere:
“There is a silver lining, though. The Government’s response to the Satyam episode has been significantly different from previous corporate scandals. This is evident from the lightning speed at which the Government superseded the board of the company that continues to keep the company as well as the hopes of its investors and employees alive. There is a lot at stake here – the entire IT industry, India’s investment climate, and so on. Going by that (and concluding on an eternally optimistic note), one hopes for a different outcome in the fraud investigation as well in Satyam’s case that may perhaps reverse the erstwhile poor track record of the SFIO.”