Tag: culture

Father of all scams. The issue came to light after the auction of airwaves for 3G services which amounted to 67,719 crore (US\$15.03 billion) to the exchequer. A report submitted by the Comptroller and Auditor General based on the money collected from 3G licenses found that the loss to the exchequer due to under pricing of the 2G spectrum was 176,379 crore (US\$39.16 billion).

All believed that corporate culture has min. of scams. Scam amount 8000 crore one of the biggest in india. How was it done.....the company's balance sheet as of September 30 carries "inflated (non-existent) cash and bank balances of Rs 5,040 crore (Rs 50.40 billion) as against Rs 5,361 crore (Rs 53.61 billion) reflected in the books ."