Fraud is bad for the entire system. It causes people to lose trust, encourages crime and makes products more expensive for genuine investors
What’s so special about Panipat or Noida, or some parts of Punjab? For some it is home, for others these may be places they pass through, the same old crowded roads with slow moving haphazard traffic, the livestock on the roads. Still others may place them vaguely in north India. Others couldn’t care less. But there is something about these places, and several others across India, that is throwing up red flag after red flag. Take the case of Panipat. Some life insurance firms subject proposals for this (and many other identified cities and districts) with extra care when issuing policies. Say the word Indore and the capital market regulator sits up to notice investment advisor activity with greater scrutiny.