THE APATE MISCHIEF

Round 1
Domestic Frauds
Rules and Instructions

Identify the frauds/ name of the company /person involved.

How to play

1. There will be 10 frauds/ name of the company involved that need to be

identified.
2. 30 to 35 seconds will be given to identify each fraud.
3. Identify the frauds from the options given below based on the hints provided.
4. Choose the shapes corresponding to the options shown on the screen.
5. The scores will be based on how fast you identify the fraud.
6. Kindly don’t refresh the page.
Rules and Instructions
Website to play the game in: Kahoot

Link to the website: https://kahoot.it/

Enter the PIN to

play
Write your nick name and the teammates
name as the PSEUDO names given to
you.
1
Hint 1
The Wife of the
accused is a US
Citizen
Hint 2

The person accused is currently in the United

Kingdom and is seeking political asylum in
Britain though the Indian government has
officially asked for his extradition.
Hint 3

“It takes time to make, It's not

like we're selling ice cream”
- accused person
Hint 4
What happened?
Two employees of the state-owned lender
directly used SWIFT— the global financial
messaging service used to move millions of
dollars across borders every hour.
Hint 5

The accused grew up in Belgium, dropped out of

Wharton Business School and moved to India .
2
Hint 1
COMPANIES PROFITED FROM THIS FRAUD

1) Strategic Energy Technology Systems Private Limited

2)
Hint 2

He was the one found guilty.

Hint 3

He played a crucial role

related to this scam.
(unearthed the scam)

Hansraj Ahir
Hint 4

He is a former Indian IAS

officer who did all the
investigation of this scam.
Hint 5

Then Government was one of the

important identity connected with
the scam ( Failure in auction).
3
Hint 1
He was portrayed as
“The Big Bull”
by the media.
Hint 2

Ready Forward Deal aka Repo

Transaction is the modus
operandi used in the fraud.
Hint 3
The fraud was possible
because of the loopholes
in Indian banking
System and BSE
transaction system.
Hint 4

Statutory Powers were given

to SEBI after
the said fraud.
Hint 5
The fraudster and Ketan Parekh
were colleagues in a firm named
GrowMore Research and Asset
Management.
4
Hint 1
WHAT HAPPENED?
Issuance of Optionally Fully
Convertible Debentures was
done without the permission
from SEBI and not abiding to
the rules.
Hint 2
SEBI has asked the group
companies involved in the fraud to
refund the money to the investors
along with 15% interest. Instead
the group filed a case against
SEBI.
Hint 3
AAMBY VALLEY CITY, Pune, Maharashtra, was
developed by the company involved in the fraud.
Hint 4
The company involved in the
fraud was a major promoter of
sports and was the title sponsor
of Indian Hockey Team.
5
Hint 1
The commodities showed in the
picture played a major role in the
scam.
Hint 2
The scam involved public
distribution system (PDS).
Hint 3
Commodity worth 350 billion was
diverted to the open market some of
it was traced in the borders of Nepal
and Bangladesh.
Hint 4

The scam took place during his

ruling period.
6
Hint 1
The scam is also referred as
“drain of public funds”.
It’s effects include malnourishment
and migration.
Hint 2

Big corporations were involved in the fraud such

as MTNL, Jaypee, HCL etc.
Hint 3

The particular scam took place in new Delhi.

This scam includes a pilferage of about
70000 crores.
Hint 4

A popular politician was

found guilty in this fraud.
7
Hint 1

The fraudster started his early

career in GrowMore
investments whose proprietor
is in the picture below.
Hint 2

The fraudster played a major

role in 2001 stock market
crash.
Hint 3

He befriended the below

famous bollywood star.
Hint 4
The fraudster purchased large stakes in small
companies and jacked up their prices through
circular trading with other traders and
collusion with these companies and large
institutional brokers.
Hint 5
The person involved in the
fraud is a Chartered Accountant
and a colleague of another
famous fraudster
8
Hint 1

The bank where the

company maintained its
bank accounts.
Hint 2
The company had executed projects in the
name of seven non-existent companies that
included Mobitel, Cellnet, E Care, Synony,
Northsea, Autotech and Hargreaves.
Hint 3

In the year 2009, 46% stake in the company was

purchased by Mahindra & Mahindra owned
company, “Tech Mahindra”.
Hint 4
The company that inflated its cash and bank
balance of Rs 5040 crores and an understated
liability of Rs 1230 crores by introducing over
7000 fake invoices into the company’s
systems to record non existent sales.
9
Hint 1
122 new Unified Access
Services were granted by
violating several laws on a first
come first serve basis.
Hint 2

According to CAG report, some ineligible corporations who

concealed relevant information benefited because of the
spectrum allocations.

One of the benefactors

Hint 3

The Supreme Court ruled that

the allotment of the Spectrum
was Unconstitutional and
Arbitrary.
Hint 4
Some companies were
favoured at the expense of
1.76 trillion rupees to the
public exchequer.
Treasury Building,
Kolkata
10
Hint 1

It was a Kolkata based company.

Hint 2
Shibaji Panja, Kaustav Ray and Vinay
Bafna were three directors of the company
who were accused of the fraud. One of
them is now successful producer of
Bengali Entertainment channels.
Hint 3
MODUS OPERANDI OF FRAUD-
• The company is also alleged to have inflated its receivables and
some of the debtors (as claimed by the company) like GAIL India,
Vincent Electronics and CEAT had informed they had no dealings
with the company.
• Dishonestly and fraudulently not routed the sale proceeds to the
loan account and siphoned-off the entire amount.
Hint 4

The company has done fraud with

Canara bank of worth RS 515 crore
and later accused by IDBI Bank, PNB,
SBI and 17 others as well.
Thank you
Answers

5
2 3 4
1 Uttar
Sahara
Pradesh
Coalgate Harshad India
PNB Scam Food Grain
Scam Mehta Pariwar
Scam

6 7 8 9 10
Common Ketan 2G RP INFO
Wealth Parekh Satyam Spectrum SYSTEM
Games Scam Scam Scam SCAM