What are the key events in the NSEL scam full story?
Well, first was the establishment of NSEL as a seemingly legitimate spot trading platform. But then, there were events where certain entities within the exchange started to create false trading hype by inflating volumes. As time passed, the inability to deliver on the trading contracts became evident. The regulatory authorities finally stepping in to investigate and the subsequent realization of the huge financial losses faced by the traders are important events in the full story of the NSEL scam.
The key events include the initial setup of NSEL with its flawed trading model. Then, as it grew, the increasing number of traders getting involved without realizing the risks was significant. The moment when the first signs of payment problems emerged was a crucial event. Also, the investigations that followed and the uncovering of the manipulation in trading volumes and lack of proper warehousing for commodities are key parts of the story.
One key event was the discovery of the large gap between the supposed trading volumes and the actual commodity stocks. Another was the payment defaults that started to occur as the scam unraveled. Also, the revelation that NSEL had been operating without proper regulatory compliance in terms of its trading contracts was a major event.
Tell me the full story of NSEL scam.
The NSEL scam is a complex and sordid affair. NSEL promised a transparent and efficient spot trading system for commodities. But, behind the scenes, things were going terribly wrong. The exchange failed to maintain proper records of the stocks available for delivery. There were also issues with the warehousing and verification of the commodities. Some traders and brokers colluded to inflate the trading numbers. As a result, when the time came for settlement, there were not enough funds or commodities to meet the obligations. This led to a domino effect of financial distress among the trading community, and it took a long time to even start the process of recovering the losses and restoring confidence in the market.
What are the key aspects of the 2g spectrum scam full story?
The key aspects include the improper and non - transparent allocation process. The licenses were not given based on a proper assessment of the companies' capabilities or through a competitive bidding process. Also, the financial losses to the government were substantial as a result of the underpricing. Additionally, the public trust in the telecom regulatory system was severely shaken due to this scam.
What were the key aspects of the 2g scam full story?
The main aspects of the 2G scam full story are as follows. Firstly, there was a clear misappropriation of the spectrum. The spectrum is a precious resource for telecom, and it was given away at a pittance. Secondly, the nexus between different parties, like politicians who could influence the process, bureaucrats who implemented it, and telecom companies who benefited from it, was very strong. Thirdly, the long - term impact on the telecom industry in terms of competition and development was significant. Since the licenses were not allocated fairly, it distorted the market, and the growth of the industry was hampered. Also, the public's trust in the system was severely shaken as this was a major case of corruption involving public resources.
What are the key aspects of the Yes Bank scam full story?
One key aspect is the mismanagement of loans. Yes Bank lent carelessly without adequate safeguards. Another is the non - performing assets problem which grew out of control. And there was also a lack of transparency in reporting financial health.
What are the key events in the 9/11 full story?
The key events were the hijacking of the four planes, the two planes crashing into the World Trade Center towers, the plane hitting the Pentagon, and the fourth plane crashing in Pennsylvania.
What is the full story of the fodder scam?
The fodder scam typically involves some form of deception in the fodder industry. It could be about false reporting of the quantity or quality of fodder. For example, suppliers might claim to have a certain amount of high - quality fodder but deliver less or inferior quality. Another aspect could be false invoicing, inflating the cost of fodder to siphon off extra money. This kind of scam can have a significant impact on farmers and livestock owners who rely on accurate and fairly - priced fodder for their animals.
What is the full story of the Saradha scam?
The Saradha scam was a major financial fraud in India. Saradha Group collected money from the public through various schemes promising high returns. They used this money for their own misappropriation instead of legitimate investment. Many small investors, especially from rural areas, were duped as they were attracted by the false assurances of high profits.
What is the full story of the Adarsh scam?
The Adarsh scam. Well, it's a big mess. See, the Adarsh building was supposed to be for certain groups like military heroes and their families. But what happened? People in power, like politicians and high - ranking bureaucrats, got their hands on those flats. They bent the rules. The building construction itself had a lot of wrongdoings. For example, they built more than they were allowed to. This whole thing showed how corruption can seep into a project that was supposed to be for the good of a particular section of society, and it became a huge scandal in India.
What are the key events in the full story of Hercules?
The key events start with his birth, being the son of Zeus. His encounter with Hera's wrath which led to his need to perform the Twelve Labors. In these labors, things like cleaning the Augean stables, capturing the Erymanthian Boar, and defeating the Stymphalian Birds are important. And his final apotheosis, becoming a god at the end of his life.
What are the key events in the OceanGate full story?
One key event was the development of the Titan submersible by OceanGate. Then, as it started taking passengers to view the Titanic, there were doubts about its construction and safety procedures. Finally, the most crucial event was its implosion during a dive, which led to the loss of all lives on board.