Skip to main content

Has India become a capital of financial frauds?

In India, it is very easy for criminals to do financial frauds because laws are very poor to handle such crimes. Therefore, we see massive financial frauds done by criminals, political leaders and bureaucrats on regular basis. From where these people get so much confidence to do all this, the answer is simple – No fear of prevailing laws. Present laws are not enough to grill such people and if any how they are caught then they move away with lighter punishments.

These financial frauds range from few crores to lakhs of crores. One of best option to make quick money is to start a financial chit firm or survey firm; then they lure people to invest in their companies for much better returns as compared to registered companies. However, the major problem with these companies is that they do not work as per prevailing laws and misguide people about their investments. These companies do offer incentives to people for adding more numbers of people.

Ordinary people generally got carried away by such plans and advertisements and they invest in such companies without proper investigation. Initially, these companies give good returns for few initial years to attract more numbers of investors. Many such companies soon disappear after collecting crores of rupees of people. Similarly, our leaders and bureaucrats do eat large sum of money originally granted for welfare works.

Every year, we see many such frauds coming to surface; however, non availability of proper laws make it hard for investigating agencies to pursue their case against such people. Therefore, these people move free after doing massive financial frauds and plan new frauds. It is very important for country like India to make much stronger laws so that such companies or people can be punished and no one should try to commit such crimes in future.

Comments

Popular posts from this blog

Age difference of Abhishek and Aishwarya

Recently we all have seen the much hyped marriage of the Abhishek and Aishwarya. Today both these super stars of the Indian film industry are husband and wife. However this marriage has one unique thing in it which is age difference of Abhishek and Aishwarya. You may say that what is new in this; every other couple has age difference. Here exists the real catch, other Indian couples also have age difference but mostly in 99% of the cases males are older than their female counterparts. On the reverse in this marriage, Aishwarya Rai is older than Abhishek Bachan by 2 yrs and 2 month. With this Abhishek Bachan has followed the example of his father Amitab Bachan who has married women much shorter than him. The height of the Amitab Bachan is 6.2 ft and whereas the height of the Jaya Bachan is just 5.2 ft. Despite this Amitab Bachan and Jaya Bacahn are one of the most successful couple of the Indian film industry. In the time when other film star couple breaks away, this couple has remain f

A new 15 year old Buddha

In Nepal, a new Buddha is in making. Recently a person called Ram Bahadur Bomjon from Nepal has been fasting and meditating for the last six months beneath a tree. In him, people are seeing a new Buddha. This incident has happened in the Bara district of Nepal. Thousands of pilgrims have started visiting this place. There is news that Ram has not broken his fast  even a single time .  For the last six months, he has not moved, even to relieve himself. His place is not much away from the place where the original Buddha had done his meditation. According to Ram, he does this meditation because a snake has beaten him. He is also asking people for not saying him Buddha because he is telling that he is not having the powers like Buddha.. kgw. arvindkatoch1 Read - 15-year-old Buddha to controversial Figure 

18.8 million fine on the Johnson and Johnson for cancerous content in Baby Powder

 For many people, this news will be a shock in India that the famous Johnson and Johnson company is fined 18.8 million dollars for the cancerous substance in its powder. The company is already struggling with a similar lawsuit in which it has to pay billions of dollars to the victims who have used baby products, especially baby powder. The company has already decided to shut its baby powder business worldwide but the company says that it has no plans to remove it from the Indian market. The Johnson and Johnson baby powder is blamed to contain asbestos which is known to cause cancer but the company denies it.  In India, Johnson and Johnson's baby powder have enjoyed supremacy in the market for last many decades. Indians have trusted this brand blindly for their new brons kids. Despite all the acquisitions around the world, Johnson and Johnson still enjoys a majority share in the Indian market. Many new brands of baby products have emerged in the market but Johnson and Johnson is sti

Create your free social Network website

Below, I am going to share few free websites which are offering free social networking solutions to people. With the help of these websites, it is very easy for any person to create his/her own free social network website. Some of these mediums have already become very popular and millions of people from across the world have created their own social networking websites. Whole process of creating a free social network website is very easy and it takes only two-three minutes to get own personalised social networking website. 1) Ning.com - First and most popular one is ning.com. It takes less than one minute to create a free online social networking website with the help of ning.com and people get a free social networking website of name like yourname.ning.com. People can upgrade their service to paid one to use their own personal domain name like yourname.com instead of yourname.ning.com and use more numbers of features. 2) SocialGO.com – This is similar service like ning.com. 3) Spruz

Dr APJ Abdul Kalam- A true Indian

Former Indian President Dr APJ Abdul Kalam is leaving behind a great legacy of true Indian, who is committed for the cause of his nation in every work he performs. I am not the only person who is praising Dr Kalam for his extraordinary conduct as missile man and Indian President; there are billions of people in India across all the sections who want to embrace his philosophy of Indianism.  This simple looking and a shy man has clearly changed our thinking about nation and role of president. He is a real hero not the filmy one but a real time hero who has proven to us that patriotism is still alive in India. This is his extraordinary trust on Indian people which makes him shine above our rusting political leaders. He is a true leader, who not only demonstrates leadership but also help others in becoming leaders. According to him, India need good leaders very badly who can take this nation to new heights and he is totally right because if one APJ Abdul Kalam can make so much d