Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

COMMENT- Lessons not learned: India's scams amount to enemy action

The government’s claim each time a scam has taken place is that the law will take its own course. There is invariably a lot of sound and fury – signifying nothing

April 17, 2018 / 12:14 PM IST
Fraud

Fraud

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

RN Bhaskar

Once is happenstance. Twice is a coincidence. Three times is an enemy action.

-- James Bond (Ian Fleming's novel Goldfinger)

The markets are in a tizzy.  Believers in a concept called India are dismayed.  The latest scams surrounding Punjab National Bank (PNB) and ICICI Bank have actually shaken the faith of many who believed that India was beginning to cleanse itself of the rot that had corroded the economy in the past.