Sir, It appears that there is no clean and foolproof system in any of the establishment in India. This can be judge by the various scams that are appearing more often.Though computerisation has taken place which seems to be foolproof system but the human Brain is more powerfull and devious in nature.The computer does not see a person or read the mind but it behaves as per the data the individual feeds in it.This is well known to the scamsters and they take due advantage of the same.But here is the catch-the system operated (by suppose to be protectors) which is suppose to save and protect the interest of the individuals,the organisation and the country as a whole falls into their(the scamsters) trap for their personal gains.Thus the share of the resources (which are limited) is grabbed by them and other individuals(who should be the real beneficiaries) suffer. This is rampant only in our country. SEBI has done the right thing in punishing these offenders and has raised its image in the public eyes.But what about the shares that have been gobbled by these individuals in benami names? will SEBI banned these shares or allot to the public-that is a million dollar question?
