Early 2000 years were famous for corporate scandals (Enron, Worldcom, and Tyco) Please give a recent...

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Finance

Early 2000 years were famous for corporate scandals (Enron,Worldcom, and Tyco) Please give a recent example of an agencyproblem or scandal that came to light in the media. Make areference to the textbook and state what type of conflict you aredescribing. (Stockholders vs. managers, managers vs. creditors,etc) Provide your reference.

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We are here describing one the Most Prominent Crisis of India for ILFS the conflict is Managers vs Creditors Infrastructure Leasing Financial Services ILFS is a nonbanking financial company NBFC or shadow bank Established over 30 years ago the conglomerate funds infrastructure projects across India Some of the projects it has helped develop are 9km ChenaniNashri tunnel Indias longest road tunnel DelhiNoida Toll Bridge RanchiPatratu Dam Road BaleshwarKharagpur Expressway Tripura Power Project and Gujarat International Finance TechCity GIFT Among ILFS shareholders are LIC SBI Japans Orix Corporation HDFC and CBI The subsidiaries of ILFS include transportation network subsidiary ILFS Transportation Networks Ltd ITNL engineering and procurement company ILFS Engineering and Construction Co Ltd and financier ILFS Financial Services Ltd ILFS crisis What went wrong for the shadow banker ILFS Financial Services fell short of cash and defaulted on See Answer

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