Aditya Birla put Rs 110 billion into More grocery — and sold it at a Rs 70 billion loss
Inspired by Walmart, the Birlas built More into 509 stores; a decade of losses ended with Samara Capital offered the chain for debt alone.
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300 RECENT CASES · REGULARLY UPDATEDAcquire Learning's 'big dogs' chased $1.2 billion a year — and left $147M debts
Internal memos said sustainability didn't matter if the enrolment numbers hit; the VET broker collapsed owing $147 million and stranding students.
Read the caseZetrix (ex-MyEG) owes Malaysia's road tax office over RM200M in collections
The e-government pioneer failed to remit road-tax and licence collections since May 2023; the RTD suspended it and its shares fell 80% in 2026.
Read the caseWinity paid R$1.4bn for Brazil 700MHz spectrum, missed its targets and handed it back
Winity won Brazil's 700MHz lot at the 2021 5G auction, then returned the licence with its coverage commitments unmet after its deal with Telefônica flopped.
Read the caseInverted cables sent Vega's upper stage tumbling — two satellites and €200M lost
Arianespace's Vega failed eight minutes after liftoff when thrust-vector-control cables were assembled inverted, destroying Spain's uninsured SeoSat-Ingenio.
Read the caseTrek 2000's thumbdrive founder was charged over falsified accounts
Henn Tan, inventor of the thumbdrive, faced 15 charges of falsifying Trek 2000's books, deceiving auditors and hiding 47 related-party deals.
Read the caseTCS sacked 16 staffers after a bribes-for-jobs scheme ran through its staffing unit
Staffers in TCS's 3,000-strong Resource Management Group took bribes from six staffing firms — one run by a senior executive's relatives.
Read the caseMalaysia's pilgrimage fund booked a RM3.4B profit that was really a RM1.4B loss
A royal commission found Tabung Haji inflated asset values to pay unsustainable dividends and 13-month bonuses; its ex-minister and ex-chairman face charges.
Read the caseBlackRock's $110M solar subscriber SolarZero liquidated owing $40M
The 25-year, no-money-upfront solar subscription died when panel prices crashed: 700+ creditors, 173 staff owed $4.9M, and $22,275 left in the bank.
Read the caseSky TV cut Jai Arrow's 100th-game farewell to run a gambling ad
Sky cut the retiring Rabbitoh's farewell walkout for betting content — the second blunder in a week at a broadcaster missing its satisfaction targets.
Read the caseSingPost fired its CEO and CFO over falsified delivery data and a botched cover-up
Staff keyed false 'delivery failure' codes to dodge penalties; when auditors caught it, the CEO, CFO and unit head misrepresented the findings and were sacked.
Read the caseRedflow sold 10-year warranties on batteries that died in months — then ran out of money
Australia's clean-energy manufacturing hope ended up spending more on honouring warranties than it earned on sales, and collapsed into liquidation.
Read the caseRalan took $300M of apartment deposits as unsecured 15% loans, then collapsed
The Sydney developer had buyers release deposits as unsecured loans paying 15% interest, spent the cash, and went into administration owing $500M.
Read the casePwC leaked Australia's tax-law plans to win clients — CEO out, nine partners stood down
PwC's tax head helped write Australia's anti-avoidance law, then the firm used the secrets inside it to sell avoidance schemes to multinationals.
Read the casePollen burned $200M and left customers unpaid as it collapsed
The travel startup cancelled 39 of 360 events, hid 'scam' comments, sat on refunds and missed pension payments before hiring Kroll to break itself up.
Read the casePharmally: P625,000 capital won P10 billion in COVID deals — and a P402M VAT question
The Duterte pandemic procurement's biggest winner had no track record; accountants found its input-VAT filings implied P3.3 billion of unexplained purchases.
Read the caseNuix floated on inflated forecasts at $5.31 — the stock hit $2.47 within six months
Nuix listed on the ASX in December 2020, soared to almost $12, then fell to $2.47 within six months as downgrades exposed the prospectus-reality gap.
Read the caseNaskar promised 2% a month outside regulation — 2,700 investors locked out of R$850M
The fintech co-founded by an ex-national volleyball star sold loan contracts promising 1.5–2% monthly — then its app went dark and payouts stopped.
Read the caseNant Whisky's barrel buyback wiped out investors — Tasmania's biggest fraud investigation
A Tasmanian distillery funded itself by selling investors their own whisky barrels with a guaranteed buyback — until the money stopped and the scheme imploded.
Read the caseLeaked NAB interviews: compliance risk sat 'red' for 20 months as bosses stayed confident
A whistleblower leaked 70 EY interviews from NAB's APRA-ordered review, showing red-rated compliance, weak financial-crime controls and a chairman unfazed.
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