Sebi slaps Rs 5 crore fine on Mehul Choksi, Dhanesh Sheth & Gitanjali Gems

NoFearHenceCrimes 323 days ago Most of the POST EVENT actions have no meaning. There is enough knowledge (on automated quality control and management systems) from manufacturing that could be applied to merchant banking, development / investment /banking and non-banking financial institutions, such as RANGE CUT-OFF, auto-stop on accrued value excess and warning alarms. However the above would cover only systemic risks. There is another risk of lack of integrity and professional ethics. While I worked abroad by 25 years, one of the worst questions posed to me “When you indians are known to give up even your faith for paltry Rs.5, why are you not accepting huge bribe and favour me?” Indian DNA is extreme greed and self entitlement. Only way to handle this is to make fear runs down the spine. When an individual beats a system, such individuals must be BEHEADED openly. Most of the economic / financial crimes have been happening because of politicians allowing criminals to escape by accepting a% of the loot. JUST HOLD Sanio Alvigae Maino – which any way she is – and allowed quotroci to escape - responsible for banking frauds and behead her in public.