| Log in

Corporate embezzlement cases surge

04 September, 2013

The number of recorded cases of embezzlement by Indian companies shot up in the first quarter of the current fiscal in line with the trend over the last couple of years. The total number of embezzlement cases, based on complaints received by the authorities, rose sharply to 55 against mere 45 cases in the whole of the last financial year ended March 31, 2013.

This is based on data shared by Sachin Pilot, minister of corporate affairs, responding to a question in the Rajya Sabha, the upper house of the Indian parliament. He said that information relating to amounts involved is not maintained and did not give details of the companies which have figured in the cases.

Here’s a quick snapshot of registered embezzlement cases in the past four years.

(Edited by Joby Puthuparampil Johnson)


Leave Your Comment
Rajya Sabha gives green signal to Companies Amendment Bill 2014

Rajya Sabha gives green signal to Companies Amendment Bill 2014

Anuradha Verma 3 years ago
The Rajya Sabha has passed unanimously the Companies (Amendment) Bill, 2014,...
Real Estate Bill faces resistance in Rajya Sabha

Real Estate Bill faces resistance in Rajya Sabha

PTI 3 years ago
The Real Estate Bill, which seeks to regulate realty business, is in for trouble...
Bankruptcy code delayed as parliamentary panel to review

Bankruptcy code delayed as parliamentary panel to review

PTI 2 years ago
The Insolvency and Bankruptcy Code 2015, which seeks to provide an easy exit...
No Comments

Corporate embezzlement cases surge

Powered by WordPress.com VIP