“Million Billion Dollars in Swiss Bank Belong to Indian Corporates” Ex.CBI Director


  • Joginder Singh lashes out on the Corporate India.
  • Emphasized on strengthening Laws & Legislation.
  • Criticized Reliance without naming for the fight between two brothers.
  • Appreciated WIPRO, Infosys for good Corporate Governance.

“Million billion Dollars lying in Swiss bank doesn’t belong only to corrupt politician’s bureaucrats, the major part of that money belongs to Indian corporate houses. Many companies are playing with the money of investors. There is a need to strengthen the laws & legislation to prevent fraud & scam in India, else investors would lose trust and confidence in the economy.”

This was said by Sh. Joginder Singh (Retd.IPS, Ex. Director, CBI) in the seminar organized by Aryans Business School (ABS) in association with Bank of India. The Topic of the seminar was   Ethics in Corporate Governance in India”. Sh.R.C. Khurana (GM, Bank of India) & Col. Karamjit Singh (President, CMA) were the guest of honour. While Dr. Anshu Kataria, Chairman, ABS presided over the function.

Without quoting the name of reliance Sh. Joginder Singh said that the ethics in corporate governance has been kept aside & two brothers are fighting to become richer & richer. To make more money the top management of companies do not even think about the interest of shareholders & stakeholders. He also appreciated WIPRO by quoting an example where one director was removed on the pretext of producing fake hotel bill of just Rs 600.

Dr.Anshu Kataria, Chairman, ABS, said that life of a man has become very fast one wants to become richer in shortest possible time. If the corporate governance is not taught in Management education, we will fail to prevent fraud & scams in India.

Sh.R.C. Khurana (GM, Bank of India) said that the main objective of this seminar was to create awareness among the participants of Values and Ethical Issues in the context of Corporate Governance.

Some other eminent speakers of the seminar were Prof D.C.kataria; Dr. (Mrs.) Parveen Kataria; Dr. K. K. Mangla; Dr.D.P.Singh; Dr.Manjit Kalra; Dr. A.S. Balgir.

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