ACKNOWLEDGEMENT

I would like to express my special thanks of gratitude to my teacher [ MISS

VANJAKSHI SHARMA ] as well as who gave me the golden opportunity to this
wonder project on the topic [SANJAY AGARWAL] , which also helped me in
doing a lot of research and I came to know about so many new things .

I am really thankful to them.

Secondly I would also like to thank my parents and friends who helped me a lot in
finishing this project within the limited time..

I am making this project not only for marks but to also increase my knowledge.

THANKS AGAIN TO ALL WHO HELPED ME

INTRODUCTION OF ACCUSED PERSON

Sanjay agarwal was CEO of home trade company . He launched home trade in the
year 2000. He spends nearly Rs. 240 million on advertising and advertisement
were done by big stars Shahrukh khan , Sachin tendulkar’s and Hritik roshan .

After gaining trust and popularity he swindled rs. 600 crore from more then 25
cooperative banks.

The government securities scam of 2001 was exposed when the Reserve Bank of
india following unusual activies in the gilt market .

Co-operative banks and brokers acted in collusion in abid to make easy money at
the cost of the hard earned savings of million of Indians .

In case , even the public provident fund (PPF) wa affected. A sum of about Rs. 92
crore Rs. 920 million was missing from the seamen’s provident fund.
 DETAILS OF SCAM
INCUDING

Sanjay agrwal the abscoding CEO of the collapsd home trade , gave life definition . he sold the
slogan ‘Life means more ‘ to the public .

Life for aggrawal definitely meant a lot more . he founded his dream , Home trade , through an

advertising blitz unparalleled in india when he brought together SACHIN TENDULKAR ,

HRITHIK ROSHAN and SHAHRUKH KHAN in feburary last year to endores a brand that

seemed to have no underlying product .

Starting as a financial services portal , home trade was to become so popular that its logo would

be stamped on T-shirts mutuak fund applicants, shares of companies , perhaps even toilet paper.

Sanjay agrawal , ketan sheth nandkishor trivedi and Buchan rai hong kong – based Non

- Resident Indian . were behind the home trade scam

 HISTORY OF SCAM
`Agrwal spent Rs. 20 crore on home trade lounched ‘

A year later , agarwal presides over the debires of this dream , hidinding to escape arrest for
allegedly duping close to 20 cooperative banks. He is charged with taking Rs. 400 crore from
these banks to buy government securities om their behalf and failing to hand the gifts over to the
banks.

The 100-odd employes of the Mumbai –based home trade ate shell shoked . ‘ how could he do
this ? is the standerd response . till less than a month ago , they had sworn by agarwal . some had
given up successful careeeres to hitch a ride on to his dream wagon either that provided
supported to the project.

For several months , the gravy train chugged alog fine. The staff could walk into agarwal’s room
when they wanted , always finding there a boss who “Welcomed” new ideas. They admired his
Armani T-shirts , yet founded it strange that this 35 –year – old bachelor from Kolkata who
loved the good things in life had not changed his white Opel Astra in over two years.

The first signs of trouble came fro a Mauritian firm , EDTV ,which was owned by agrawal’s
brother Dhananjay agrawal. Finance director N.K trivedi and Ketan sheth, a brokers , were also
major sharesholders in the home trade . both , along with another promoter subodh bhandari , are
abscoding.

Agarwal ‘s public relations agency adfactors walked out on him in march 2002 as did
scapevelocity , the company which was developing and maintaing the websites. Almost all have
some dues to claim from agarwal . Hrithik Roshan has slapped a bill of Rs. 65 lakh, though
model malika arora says she got her dues. A content provider for a home trade website is
saddled with more than Rs. 4 lakh in unpaid bills and has shut down his venture .

Otherwise a confident man , agarwal was petrified of the media . A call from a newspaper
would send him into to tizzy recalls an employee. Obviously , he had lots to hide. A peep into
his past and with stock exchanges reveal his true story..
 HAPPINESS OF SCAM
On January 16 ,1997, when the sensex oscillated by over 330 points ( 157 up and than 176 down)
in the span of an hour , agarwal CEO of Lioyds Brokerage, and his team were punching in
transactions at breakneck speed. A probe by SEBI found that agarwal firm was suspected that
day . It was suspected that prices ss