Abstract

The case ‘The CRB Scam’ is intended to give a detailed insight into the frauds committed by the CRB group of companies. The case examines how the CRB group was able to defraud the investors and the regulatory authorities with ease. The role of RBI and SBI is also explored. The case is so structured as to enable students to understand the way the CRB group of companies defrauded the investors. The case is designed to expose students to the nature and extent of scams in the financial sector and the modus operandi to study the role and responsibilities of the regulatory authorities in the Indian financial sector and a critical evaluation of their performance to study the consequences of the scam.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Stock market regulator SEBI and financial scams in India.

Keywords

The CRB Scam, frauds, CRB group of companies, defraud, investors, regulatory authorities, ease, RBI, SBI, extent of scams, financial sector, modus operandi, role, responsibilities, regulatory authorities, Indian financial sector, critical evaluation, consequence