This declaration disclosed the biggest corporate scam in India. It showed a fraud of above 7000 crore Indian rupees based on inflated bank figures and understated liabilities. Worldcom One of largest corporate failure in the Us was … Out of the $ 12 trillion mortgages in the USA, more than half of these mortgages were owned by Fannie Mae & Freddie Mac. This was the scenario before these two companies collapsed in the year 2008. On 7th September in the year 2008, …

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Corporate frauds