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Rescooped by Hushpinder Singh Grewal from News You Can Use - NO PINKSLIME
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Sochi Olympics a 'monstrous scam' $30 Billion Stolen

Sochi Olympics a 'monstrous scam' $30 Billion Stolen | Scandals | Scoop.it
As much as $30bn (£20bn) has been stolen in preparations for next year's Winter Olympics in Sochi, Russian opposition leaders claim.

Via #BBBundyBlog #NOMORELIES Tom Woods #Activist Award #Scoopiteer >20,000 Sources >250K Connections http://goo.gl/ruHO3Q
Hushpinder Singh Grewal's insight:

There was a huge gap of 25 billion to 30 billion between original estimate and final cost. Some said that this money could be used for build a road of 3000 km long or housing to 800,000 people. The total money was the total of 21 previous winter Olympic games. The place used in subtropical Sochi was also a issue.

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Rescooped by Hushpinder Singh Grewal from U.S. - India Life Sciences Trade
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Ranbaxy's Toansa trouble: US department of justice says company allowed violations to happen - The Economic Times

Ranbaxy's Toansa trouble: US department of justice says company allowed violations to happen - The Economic Times | Scandals | Scoop.it
Senior official of the country’s department of justice has dubbed the unravelling of a series of violations by the company over the past eight years “a compliance officer’s worst nightmare”.

Via Connecting the US/India Life Sciences Dots by VHS@TwoFour Insight Group
Hushpinder Singh Grewal's insight:

In may 2013 Ranbaxy found guilty related to drug safety and they paid $500 million in civil and criminal fines and now US Food and Drug Administration banned products from toansa plant due to the alleged "data integrity violations". According to the Delery the company need good manufacturing practices. They need some good training in manufacturing practices because they found out the product details are incomplete and poorly documented.

In 2005 consulting firm told the company to start a training program for the employees to create trust, ethical behavior and quality in work which was ignored by the Ranbaxy company. 

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Connecting the US/India Life Sciences Dots by VHS@TwoFour Insight Group's curator insight, February 1, 2014 12:47 PM

This highlights two of the main challenges with mfg companies and cGMPs - (i) unless properly trained from senior level all the way down to the line worker, cGMPs sometimes get viewed as "static" requirements; and (ii) despite the fluency of English in countries such as India and Puerto Rico, there is still a considerable translation issue with SOPs that does not properly get addressed by companies...

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Six trends in corporate sustainability - The Guardian

Six trends in corporate sustainability - The Guardian | Scandals | Scoop.it
The Guardian
Six trends in corporate sustainability
The Guardian
In late 2012, GreenBiz Group and EY members of the GreenBiz Intelligence Panel conducted a survey to examine corporate sustainability trends.
Hushpinder Singh Grewal's insight:

There are six trends emerged on corporate sustainability from a survey about decline in natural resources like deforestation, change in climate, excessive use of resources, water pollution. Companies response to address them as follows

- In "tone from the top" senior management are engaged in progression to reduce the risk, supply chain disruptions, extreme weather conditions and mitigate the natural resources.

- Governments and Organisations are not providing such greater attention to for Corporate Sustainability. Investors and NGOs are pushing some companies for long run plans.

- Corporate risk responses are not well known are data is not adequate in terms of sustainability.

- Reporting system is slow to integrate financial and sustainability issues.

-  Regulatory and non regulatory pressure on investors and shareholders

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Rescooped by Hushpinder Singh Grewal from Global Corruption
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25 corruption scandals that shamed India

25 corruption scandals that shamed India | Scandals | Scoop.it
If you think that scandals and scams are new to India, then here is a list of scams that have shamed India at international level since Independence.

 

1

2013 Agusta Westland chopper deal scam: This is one of the most recent of the cases in India, which has shamed the country. The deal amounts to Rs 74.5 crore. According to various reports, the investigation into the Italian firm Finmeccanica, which started more than a year ago, is one of a series of corruption scandals in defence deal-making in India.

 2

2013 Vodafone tax scandal: The scandal involves Rs 11, 000 crore tax dispute. The dispute also names Union Minister Kapil Sibal because of the Law Ministry's U-turn to agree to conciliation in Vodafone tax case.

 3

2013 Saradha Group chit fund scam: Earthed recently, the Saradha Group chit fund scam caused a loss of Rs 20,000 crore to the exchequer. The scam was exposed a few months ago, and involves running ponzi schemes. The scam has also led to many suicides across the State.


Via Jim Wesberry
Hushpinder Singh Grewal's insight:

There are main 25 scandals happened over the period of 65 years but therse are the only scandals that comes on air by some agenicies or news channels. In all the scandals there is a involvement of some MP or MLA sometime state chief ministers and involvement of that times Prime minister also included. In Utter pradesh scam of National Rural Health Mission  there was a murder of five peoples happened during the investigation of the scam. In another scandal which happened during 1980-90 which led to the defeat of Rajiv Gandhi's ruling party in general elections.

In 2013 there was the involvement of Rs 31,075 crore in four scandals which happened in single year. This all happened because laws are not implemented strictly and no one cares about the rules. Everyone who is in power wants to get as much money as possible.

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