IndusInd Bank hid ₹2,362Cr derivatives gap — CEO resigned, SEBI banned trading
IndusInd Bank discovered a massive forex derivatives misvaluation but delayed disclosure for 15 months while the CEO and executives sold shares.
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3,222 CAS PUBLIÉS · MIS À JOUR RÉGULIÈREMENTJiwasraya execs stole Rp 16.8T from a state insurer over a decade — all three got life
Three execs of a state insurer embezzled premiums for 10 years. The state lost Rp 16.8T and the company lost its license.
Lire le casSritex, Southeast Asia's largest textile maker, collapsed with Rp 26.2T in debt
A 50-year-old textile empire was felled by Chinese imports and mounting debt, leaving 10,965 workers jobless when it shut its four factories.
Lire le casStark Corporation faked THB 8B in sales, then crashed from $1.7B to $11M
A cable maker fabricated billions in revenue. Shares plunged 99% and 3,417 creditors were left with THB 131B in claims.
Lire le casQwest grew through a $48B merger, then accounting fraud and insider trading destroyed it
Qwest merged with US West for $48B, cooked its books with Enron, and its CEO went to prison for insider trading.
Lire le casGateway grew from a $10K loan to 25,000 employees — then the PC price war killed it
Gateway 2000 was one of America's largest PC makers — then Dell's price war and a failed diversification strategy drove it to a fire sale.
Lire le casLive Nation fired exec who flagged inflated venue projections — a jury found it a monopoly
A Live Nation VP alleged the company inflated venue revenues, hid costs, and violated antitrust rules. After he raised concerns, his position was eliminated.
Lire le casApax built 120 English centers on debt, then collapsed with VND94B in unpaid refunds
Shark Thuy's education empire expanded aggressively with borrowed money, and when COVID closed the classrooms, the debt kept compounding.
Lire le casBalaan raised 73.5 billion won to be Korea's luxury platform — and went bankrupt
Korea's first-generation luxury e-commerce platform grew fast during COVID, never made a profit, and was declared bankrupt 11 months after rehabilitation.
Lire le casBritain's Calico Acts blocked Indian textiles — and built the rival that killed the trade
Parliament banned Indian calico to protect its wool — and forced Britain to build mills that destroyed its own textile trade.
Lire le casAreva's fixed-price bet on a first-of-its-kind reactor cost it €5.5B and the company
Areva signed a €3B fixed-price contract to build Olkiluoto 3 in Finland. The reactor came 14 years late and cost €11B. Areva never recovered.
Lire le casAir Water's subsidiaries inflated revenue by ¥24B — a culture that faked the books
Air Water's subsidiaries booked fictitious inventory and inflated sales, overstating revenue by ¥24 billion until a special investigation found the rot.
Lire le casDanone's Aptamil baby formula was contaminated with a toxin from a shared supplier
A batch of Aptamil infant formula was recalled in the UK after cereulide toxin was detected, traced to a shared third-party ingredient supplier.
Lire le casColgate Total toothpaste caused 11,000+ oral injuries — Argentina banned it
Colgate Total Clean Mint formula change triggered over 11,000 adverse reaction reports in Brazil and Argentina, leading to a nationwide sales ban.
Lire le casLeflair raised $12M, burned through it, and owed $2M to 500 suppliers when it shut down
A French-founded flash-sales platform in Vietnam grew fast on venture capital, then ran out of cash and left hundreds of suppliers unpaid.
Lire le casL'Occitane's US unit filed Chapter 11 when rent costs and the pandemic crushed retail
L'Occitane's American subsidiary filed for Chapter 11 after rent costs and the pandemic overwhelmed its store-based strategy.
Lire le casMCHOSE spent heavily on hype and water armies — then the keyboards started breaking
The Chinese peripheral brand grew faster than its quality control. Three competitors signed a statement against its paid water army campaign.
Lire le casJuul advertised on Nickelodeon and CoolMathGames — then paid $3B+ in settlements
A $38B vaping company bought ads on children's TV and homework sites, launched flavors, and saw its valuation fall 99% as settlements topped $3 billion.
Lire le casTed Baker closed all 46 UK stores after its owner's operating partner collapsed
Authentic Brands Group bought Ted Baker for £211M, then a Dutch partner ran the shops into the ground within 16 months.
Lire le casOnex bought Kodak's unit for $2.35B — Carestream filed for bankruptcy 15 years later
Onex bought Kodak's health imaging division for $2.35B in 2007. Carestream filed for Chapter 11 in 2022 after its debt became unsustainable.
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