50700428 business ethics fodder scam final

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Presented By, Vinay Bhagat ( 06) Saurabh Kumar ( 32 ) Prakash Adimulam ( 53 )

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Page 1: 50700428 Business Ethics Fodder Scam Final

Presented By, Vinay Bhagat ( 06) Saurabh Kumar ( 32 ) Prakash Adimulam ( 53 )

Page 2: 50700428 Business Ethics Fodder Scam Final

The Fodder Scam

People Involved

Legal Proceedings

End of Laloo’s Chief Ministership

Legal Prosecution

Unethical issues found

Current Status of the Scam

Impact of the Scam

Conclusion

Page 3: 50700428 Business Ethics Fodder Scam Final

The Fodder Scam involved hundreds of millions of dollars in alleged fraudulent reimbursements from the treasury of Bihar state for fodder, medicines and husbandry supplies for non-existent livestock.

Page 4: 50700428 Business Ethics Fodder Scam Final

The Scam was said to have its origins in small scale

government employees submitting false expense

reports with involvements of politicians .

Page 5: 50700428 Business Ethics Fodder Scam Final

February 1985-delayed monthly account submissions by the Bihar state treasury and departments.

Continuous chain of closer scrutiny

1992, Bidhu Bhushan Dvivedi-submitted a report outlining the fodder scam.

Page 6: 50700428 Business Ethics Fodder Scam Final

Mr Laloo Prasad Yadav

Mr Jagganath Mishra

Government Employees

Mr Jagdish Sharma

Various IAS & Politicians

Page 7: 50700428 Business Ethics Fodder Scam Final

The scandal broke out initially in 1996 but was previously running from almost one decade.

.

It was initially noted by Auditor General of India by Mr. Chaturvedi IN Feb 1985.

.

In 1992, Mr. Bidhu Bhushan Dviivedi, a Police Inspector with state anti-corruption vigilance submitted a report outlining Fodder Scam

On 4thjan 1996, the Deputy commissioner Amit Khare conducted raids on the offices of AHD in Chaibasa district

Page 8: 50700428 Business Ethics Fodder Scam Final

The CM Laloo Prasad Yadav ordered constitution of committee to probe the irregularities.

On march 1996, Bihar High Court court handed the case to CBI.

On march 1997, Mr. Biswas CBI Director requested Governor of Bihar to prosecute Laloo.

On June 17, the Governor gave permission for Laloo and other five senior Bihar government officials.

On June 23 ,CBI filed charge sheet against Laloo and 55 other co-accussed.

Page 9: 50700428 Business Ethics Fodder Scam Final

Laloo parted ways from Janta Dal and formed his own party RJD

With pressure mounting from other parties Laloo resigned but was able to install his wife, Rabri Devi as the new Chief Minister on the same day

.

Rabri Devi won the trust of vote with the help of congress and Jharkand Mukti Morcha.

Page 10: 50700428 Business Ethics Fodder Scam Final

Moral and Ethical values of Democracy were brutally violated

Misuse of Power and position

Misuse of Public Funds

Page 11: 50700428 Business Ethics Fodder Scam Final

Laloo was charged with cheating , criminal conspiracy and prevention of corruption act.

He was jailed for several times. With division of Bihar state, most of the cases

were filed in the new Bihar, Jharkhand and Ranchi State

In 2007,62 former officials and suppliers were convicted and given term of 5 to 6 years.

About 23 people were punished with jail terms between 2 to 7 years.

Page 12: 50700428 Business Ethics Fodder Scam Final

About 298 were accusssed in 35 fodder scam cases 62 convicted in fodder scam, 23 jailed

Page 13: 50700428 Business Ethics Fodder Scam Final

Since it broke into public light, the Fodder scam has become symbolic of bureaucratic corruption and criminalization of politics in India generally, and in Bihar and Jharkhand.

Indian economy a shattering RS 950 crores

Government employees became more responsible.

Page 14: 50700428 Business Ethics Fodder Scam Final

Unethical !!!!

Page 15: 50700428 Business Ethics Fodder Scam Final