L2/P8: Saradha Chit Fund, Sahara-OFCD & NSEL Commodity scams explained
Mrunal Patel Mrunal Patel
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 Published On Feb 14, 2015

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Language: Hindi, Topics Covered:
1. Why did SEBI order Saraha to stop its OFCD scheme? Why was Subrata Roy arrested? Why has Supreme Court denied him bail? SEBI-ordinance and regulation of collective investment schemes (CIS).
2. What is commodity trading? How did Jignesh Shah commit NSEL-scam? What are the reforms undertaken by forward markets commission (FMC) and government of India?
3. How to cheat funds work? How did Sudipta Sen commit Saradha Chit fund scam? What are the steps taken by CBI, SFIO and ED? Why was Justice Shyamal Sen commission formed?
4. Bigger picture: why do financial scams happen in India? How to prevent them by implementing the recommendations of Justice B.N Srikrishna’s financial sector legislative reform commission (FSLRC)?
5. What is the need of Indian financial code (IFC)
6. Need for Financial redressal agency (FRA) as envisaged by Nachiket Mor Committee.
7. Misc. Topics: banking ombudsman, financial stability and development Council (FSDC) vs financial stability board (FSB).

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