SOME PROMINENT CASES OF FINANCIAL SCAMS AND THE RELEVANCE OF METICULOUS GOVERNANCE SYSTEMS FOR ECONOMIC INSTITUTIONS

Abstract

Financial scams remain one of the burning issues in India. India is at the top list of financial scams across the world. No other country can ever compete with India in this regard. The total scam money in India since 1992 till 2009 is approximately 73 Lakh crores (Neerja Gurnani, 2015).