This was one of the biggest corporate scams in the country. Sundaram Computer Services was a computer outsourcing company whose founders and directors falsified data, inflated stock prices and stole huge amounts from the company. It was a case of corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants. The company misrepresented its accounts both to its board, stock exchanges, regulators, investors and all other stakeholders. It was a fraud, which misled the market and other stakeholders by lying about the company’s financial health. Even basic facts such as revenues, operating profits, interest liabilities and cash balances were grossly inflated to show the company was in good health. Later in 2009, the company founder, Shyam confessed to the crime. In 2015, the accused were sentenced to seven-year imprisonment. Further huge amounts of fines were also imposed.
What was the punishment for the accused?
Show Hint
- Life imprisonment
- 7 years imprisonment
- 10 years imprisonment
- 5 years imprisonment
The Correct Option is B
Solution and Explanation
The court held him accountable for financial crimes that impacted the corporate and investor communities.
Therefore, the correct answer is (2) 7 years imprisonment.
Who was the founder of the company?
Show Hint
- Shyam
- Sundaram
- Satyam
- Shivam
The Correct Option is A
Solution and Explanation
This background is key to understanding the chain of events that led to the financial scam.
Therefore, the correct answer is (1) Shyam.
When did the founder of the company confess to the crime?
Show Hint
- 2009
- 2011
- 2013
- 2015
The Correct Option is A
Solution and Explanation
This admission played a major role in exposing one of the largest corporate frauds.
Therefore, the correct answer is (1) 2009.
The case is predominantly related to _____.
Show Hint
- Dishonest act by undervaluing the company
- Fraud by inflation of stocks
- Misappropriation of funds
- Breach of trust
The Correct Option is B
Solution and Explanation
This form of manipulation misleads investors and affects market credibility.
Therefore, the correct answer is (2) Fraud by inflation of stocks.
According to the passage, _________ is one of the biggest scams.
Show Hint
- Criminal scam
- International scam
- Corporate scam
- Unintentional act
The Correct Option is C
Solution and Explanation
Therefore, the correct answer is (3) Corporate scam.
Top Questions on Reading Comprehension
- Many countries are facing water shortage crises in the past few years. A report of the United Nations has named India among the worst countries for poor quality of water. The report ranks 122 countries according to the quality of their water as well as their commitment to improve the situation. Some countries in Europe are considered the worst because of the quality of its groundwater. Rain failed in some parts of India in the past. The vast areas of Rajasthan, Madhya Pradesh, and Andhra Pradesh were affected by severe drought. People without water turn desperate and violent. Consequently, the food godowns were attacked in some of the states. Based on the details given in the passage, which of the following option(s) is/ are correct statement(s)?
- GATE XH-C1 - 2025
- General Aptitude
- Reading Comprehension
“Why do they pull down and do away with crooked streets, I wonder, which are my delight, and hurt no man living? Every day the wealthier nations are pulling down one or another in their capitals and their great towns: they do not know why they do it; neither do I. It ought to be enough, surely, to drive the great broad ways which commerce needs and which are the life-channels of a modern city, without destroying all history and all the humanity in between: the islands of the past.”
(From Hilaire Belloc’s “The Crooked Streets”)
Based only on the information provided in the above passage, which one of the following statements is true?
- GATE CH - 2025
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- GATE GG - 2025
- General Aptitude
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“His life was divided between the books, his friends, and long walks. A solitary man, he worked at all hours without much method, and probably courted his fatal illness in this way. To his own name there is not much to show; but such was his liberality that he was continually helping others, and fruits of his erudition are widely scattered, and have gone to increase many a comparative stranger’s reputation.” (From E.V. Lucas’s “A Funeral”)
Based only on the information provided in the above passage, which one of the following statements is true?
- GATE ST - 2025
- General Aptitude
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Until he was ten Alex attended the nearby Allen School. He was then transferred to Moor School which he attended with his Sisters. Alex learned a good deal about nature during that three mile downhill hike to school and the three mile uphill return trip. He was a quick student and at twelve, the age limit prescribed for Moor School, he was sent to Markil Academy . Two years later he joined his sisters Zen and Jesia at the home of his elder brother Tom, who was to become a successful occultist in Paris. However, the economic success of the family was yet to be and Alex was forced to leave school for economic reasons. When he was fifteen he obtained a job in shipping company. Good fortune, however, was on his side and on the side of humanity. In 1901, he received a share in a legacy which made it possible for him to return to school. He decided to study medicine.
- Bihar BEd CET - 2024
- English Language Comprehension
- Reading Comprehension
- Read the given passage and answer the question that follows:
Biological classification of plants and animals was first proposed by Aristotle on the basis of simple morphological characters. Linnaeus later classified all living organisms into two kingdoms- Plantae and Animalia. Whittaker proposed an claborate five kingdom classification- Monera, Protista, Fungi, Plantae and Animalia. The main criteria of the five kingdom classification were cell structure, body organisation, mode of nutrition and reproduction. and phylogenetic relationships.
In the five kingdom classification. bacteria are included in Kingdom Monera. Bacteria are cosmopolitan in distribution. These organisms show the most extensive metabolic diversity. Bacteria may be autotrophic or heterotrophic in their mode of nutrition. Kingdom Protista includes all single-celled eukaryotes such as Chrysophytes. Dinoflagellates. Euglenoids. Slime-moulds and Protozoans. Protists have defined nucleus and other membrane bound organelles. They reproduce both asexually and sexually. Members of Kingdom Fungi show a great diversity in structures and habitat. Most Fungi are saprophytic in their mode of nutrition. They show asexual and sexual reproduction. Phycomycetes. Ascomycetes. Basidiomycetes and Deuteromycetes are the four classes under this kingdom. The plantae includes all eukaryotic chlorophyll-containing organisms. Algae. bryophytes. pteridophytes. gymnosperms and angiosperms are included in this group. The life cycle of plants exhibit alternation of generations- gametophytic and sporophytic generations. The heterotrophic eukaryotic, multicellular organisms lacking a cell wall are included in the kingdom Animalia. The mode of nutrition of these organisms is holozoic. They reproduce mostly by the sexual mode. Some acellular organisms like viruses and viroids as well as the lichens are not included in the five kingdom system of classification.- NIFT - 2024
- English Language Comprehension
- Reading Comprehension
Questions Asked in TS LAWCET exam
- A person who is not a Member of Parliament can be appointed as a Minister by the President for a maximum period of ___.
- TS LAWCET - 2024
- Indian Constitution
- In which Indian State, the Union Cabinet approved the establishment of The Sammakka Sarakka Central Tribal University with a budget of Rs.889 Crore?
- TS LAWCET - 2024
- Current Affairs
- If A=26, SUN=27, then SOFA = ?
- TS LAWCET - 2024
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- Any act due to directly or exclusively without human intervention and it is nature’s destruction, the act is called as ........
- TS LAWCET - 2024
- Law of Torts
- A goods train runs at the speed of 72 kmph and crosses a 250m long platform in 26 seconds. What is the length of the goods train?
- TS LAWCET - 2024
- Problem on Trains