Tag: Fraud

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thoughts

A Tale of Fraud.


Hailed great once  

Being the wealthiest once

Finding listed in Billionaires  once .

Seems to be nowhere now.

 

Made money by hook

Won success by crook.

Reached the top by hooking.

Seems to be nowhere now.

 

Enacting rags to riches story.

selling snacks with all worry.

Turned away by banks is a story.

Managed to rise up

 

Getting money from the poor

say five, ten, dollars for sure

Got deposits all over.

Manipulated them to rise above.

 

Went round  the streets in a bike

owned a fleet of air planes  to strike .

transformed into a character whom all liked

Rose to great heights all at once.

 

Lived in a two room hut  in the earlier years

Bought a  sprawling bungalow  in 270 acres  in the years

radiated with high spirit great cheer

Rose to great  heights all at once.

 

Law , was turned and twisted  with great diligence

Politicians   and officials recognised his relevance

He has got paid for his indulgence .

Would be behind the bars very soon. Feiffer-fraud-panel1

 

 

 

 

 

 

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thoughts

The Fraud


In between the crowd
I espied a big fraud
the very eyes could do the job
as he meandered through the throb
taking quick turns and twists
he forged ahead in bits
away from the suspicion of all
until he met with a  sudden fall
crashing he fell down on the ground
going by the deafening sound
the people turned towards the spot
rushing towards him on to the slot
helped him to recover and re-Anwar Ibrahim speaks during a rally in protest of the Sunday's election results in Kelana Jayaequip
enquiring seriously about his slip
they took him to the hospital
where he was treated with care  total
as many valuables fell from his pocket
the eyes of the spectators fell from their socket
he could not  hide his guilt anymore
and people knew that there are many more
behind to be unearthed bringing everything more,

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Actions Haiku Poem

Prayer— Haiku


prayer requestsPraying to God
seeking wealth, health and power
is but fraud

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Actions Experience Life thoughts Wisdom

Life in Precision.


Laughing over all the odds,

Smiling over all the prods,

Discarding  all the frauds,

Releasing all the chords,

Scorning all the hoards,

Detaching from all the boards,

Render a  lifestyle sans swords.

 

 

 

 

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subscriptions thoughts

The Inedible Counsel.


Controversies foreshadow truth.

Arguments destroy facts.

Criticisms scatter hostility.

Contentions eject apprehension.

Such was a lawyer’s argument in a court.

Lawyers get paid by their clients.

So they indulge in making distortions of ethics.

They convert  cold lies into hot factual.

They sell their integrity for  money.

They have to engage in such determinate proxies to keep their hearth burning.

There are  few counsels ,who honour their profession by not accepting such dubious cases.

As all good things could be numbered, this breed of advocates are  only meagre.

A lawyer ,whom I know , values money more than his profession.

He takes up the side which  has powers , knowingly or unknowingly  posted on them by their fathers.

The particular clan  crackles law, stumps truth, bowls  ingenuity .

To protect them ,they reach out to our lawyer, who responds to their call with great enthusiasm

The lawyer on topic , has forsaken not only his profession, but also his conscience.

Instead of advising them to work on meritorious execution, fuels their venom with his indiscreet   talk.

By fanning their greed, he gains.

Th e monetary sphere claims superiority that the matter enters the court.

Unnecessary  defects do occur , spoiling the sport .

The tranquillity expires due to such deceits .

 

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subscriptions thoughts

The Irking Deceit


Anecdotes make up a story.

Incidents formulate a fiction.

Qualities eke out a character.

An interlude of greedy manipulation  unfolds the basic integrity of a Man.

The man ,whom I like to cite, is a wee higher than a barbarian.

He has very less formal education.

He is a village product.

He possesses no etiquette.

He has inherited a wealth from his ancestors ,which keeps him going.

Rip him off his wealth, he becomes an incorrigible  rascal.

To crown up his notoriety, he recently indulged in a petty feud with his kinsman.

The relative had borrowed money from his brother, a decade back. Now ,the

 brothers have fallen apart.

Knowingly or unknowingly , the kinsman returned a part o the money to the illiterate hero.

The brother, who had actually lent money  warned the relative not to pay the money to the hero.

Ignoring the real lender, the borrower continued to pay the money to the other.

The Man  accepted the payment, fully knowing that it does not belong to him.

A  few months after , the kinsman referred his account books.

Alas! the truth dawned on him.

He ,at once rushed to the hero ,explained  the matter ,and asked his money back.

The greedy Man refused .

The kinsman approached through a common friend also, but the Man did not budge.

The kinsman and his wife got infuriated and cursed the Man to the core, invoking God’s wrath on the Man.

The undeterred cheat remains silent, unaffected by the fuming and fretting of the Kinsman’s clan, and unperturbed by the slander that encircles him.

He wants money,money  – nothing else.

What a Man he is?

What sort of brought up?

What kind of integrity?

What a fraud?

It is an outright sale of scruples for currency.

  

 

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Economy subscriptions thoughts

Hedging Wealth


Hedging funds have actually hedged wealth.

Galleon has come to the forefront as  a fraudulent company,

How many similar funds go unscathed?

How many influential persons have escaped attention, because of their  rapport with the governing politicians.?

Such kind of Galleon’s exposition is possible in U.S.

But in India and other developing countries frauds multiply, like mosquitoes breed in damp climate.

The regulatory forum is itself corrupt.

The insider trading is an old trick followed by the so-called tycoons.

They make money, pay the brokers heavily, and revel in high living and posh external manifestations.

It is these top placed business men, who come out with philanthropic deals, funding this , adopting that.

India , is known for nurturing the nourished, caring the most cared, and pampering the existing splendour.

The Indian way of freebies, is spoiling the already spoilt  poor.

The exact process of making them independent financially, physically and in relation to mental stability is absolutely floundered by the  government.

Today they give a colour T.V.

Tomorrow they provide a Gas cylinder for cooking.

Day after they extend health care.

Yesterday they allowed  free electricity.

Provision is distributed. The usage is not scrutinised.

The free bies  reward the needy.

They also shell out handsome kick backs to the intermediaries and politicians.The administration settles in for a brand which sends out high  pay off, in the manner of commission.The brokerage is proportioned according to the scale of position.

As the government is busy scheduling all these resolutions, a far serious regulation is overseen.

The over sightedness in  containing the loopholes drives a big hole in the transactions.

 In and Out the hedge fund managers, with their high-profile, and excess money, bag purchases, trap the bureaucrats.

The out come of such irrational, wicked directions, is a collection of materials in a big shopping bag.

This monetary accrual ,most times  are so overwhelming, that they bulge and tear the container in which they are stored.

The truth unobtrusively pops out.

It is again the people,who  are cheated. They unwittingly relish on  a few thousand free  bies while their co habitants glorify in millions and billions.

Well , that is a way o life.

The world survives in cheat , slander, and stealing

.The hedge fund  back drops are exhibits of great theft.

 

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Economy subscriptions thoughts

Insider Trading -India Far Ahead.


Insider Trading ,has attained a star status, as Raj  Rajaratnam, Anil Kumar, and Rajiv Goel, Chiesi, Moffat and Mark Kirtland got arrested in a $ 20000 with four counts of security and eight of securities fraud. 

This trading secret was deciphered in India, as early as 1992.Indian memory is not so weak as to forget the Fair growth financial services, promoted by maverick ex banker Ratnakar, who was also involved in the share market scandal ,which was hosted By Harshad Mehta.

 Rich P.Chidambaramand his wife Nalini invested a fairly large sum in the scam tainted Fairgrowth and became richer instantaneously.When the  irregularity was exposed,  Chidambaram resigned. His submission was accepted by the Prime Minister Narasimha Rao,much to the alacrity of  his brother and the public. This move Of Narasimha Rao, was tacit presumption of  Chidambaram’s culpability  in the scam.

1992 is seventeen years from hence. Indians had overtaken the other world by a decade and a half . Indians always think ahead of their times. They possess an intricate foresight

The  keen insight in tracking loose plugs in business, meticulous meandering  into the loopholes of market, scrupulous foraying  into the shoddy virtues of  commerce,are a resounding peculiarity of most of the successful Indian businessmen.

An ordinary Indian ,who resorts to unsavy methods of business , becomes a millionaire overnight.

A millionaire , who  engrosses  himself in unethical procedures of  commerce, achieves a billionaire status over a day.

The Indian decorum  in business world is nonplussed  

  

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Economy subscriptions thoughts

Internal Eruptions.


The Indian Business school , is one of the best management institution in India. It imparts class education.The institution, is in the limelight for wrong reasons.

Rammohan Rao, its dean ,presided over the fraud botched  Satyam computers., allowing it to buy Mayatas Infra and Mauatas properties. After the  outburst of Satyam dubious deal,he stepped down as dean, but still is associated with the school.

Now Anil  Kumar a top executive in the global consultancy firm McKinsey&co, who  is on the board of IBS,has been arrested for his alleged role in the network of insider trading masterminded by Raj Rajaratnam.

The Indian Business School  is in tight spot.

The Dean and the executive member are associates of fraudulent entrepreneurs..

The school  with a big banner  should  inspire entrepreneurship. But the two members on the governing council instil  a rare kind of interest, that of earning in the wrong way.They behest a bad precedence.They have earned  illegal ,illicit wealth. Their reputation is a sludge. 

Loopholes in trading, exceptions in rules, derogatory tendencies in  provisions pave a negative direction to  business.
The prestigious school is in a delicate, piquant situation.

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Economy subscriptions thoughts

Goose Is Cooked.


Loopholes in accounting has led to many fraudulent  practices.Window dressing of balance sheets, cooking up data’s, hiking sales,jacking up share prices are few insolent  intrigues that instigate deceiving measures and disintegrating materials.

Window dressing accounts for 50% of fraud in corporates.Share prices are enhanced, its valuations are hiked ,such that promoters and top management benefit most.Downturns or recession promote an acceleration in frauds .Promoters engage in misconduct,commit frauds and  they easily justify their action.When there is high profitability, smooth flourish , the mishaps are buried deep. When the  essence of   paucity is experienced,  the irregularities are thrown open.

Loan portfolios are unequally disbursed. The top brass account a very low non performing assets thus entering into a world of  notoriety.False entries  are made.Fictitious inventory is maintained in production and sales. The companies pay statutory dues forgoods not manufactured.Corporates , thus lure the investors, private equities , and mutual funds , by projecting feigned systematic profit .

Forensic experts have a lucrative tenure, as most mutual funds and private equities hire them to decipher the digressions. These agencies are making tonnes of money.

Apart from the top management,there is a widespread anomaly among the employees. The procurement related fraud are surging leading to a definite leakage of funds.

Indian companies  , awry of expenses, subdue the misconduct , by compelling the erring official to resign. This man gets a plum job in another company , commits the same mistake, but let free  for fear of  abnormal costs. This individual ,will seek job elsewhere. he will land up in a bigger company, with extended access to perform  a deeper crime.

Checking their duplicate  profile , then and there, will conduct a disciplined behaviour, thus instilling an undeterred confidence in the investor’s mind.

Ethic is the vital   provision in business. Confidence is the enriched quality of business. Straight movement is an emphatic  idiom of business.

The cooked goose  idiomatically depicts hidden untold slanders and  much ruptured ulcers