Corporate Governance: Special Reference to Listed Companies in AP

India also experienced some financial scandals during 1950s eighties and nineties and post 2001 period such as the Mundras scam involving LIC (1957), Raj Sethia's scandal involving the Punjab National Bank in early 1985, Harshad Methat Mega Swindle involving UTI, SBI and other institutions in 1992, unit trust of india's two episodes during its then Chairman Mr. Pherwani's period and again in 2001, when Mr. Subramanian was Chairman, Ketan Parekh's fraud involving Bank of India and Gujarat Co-operative Bank in 2001, Telgi's stamp paper scam and erstwhile Global Trust Banks' Scam in early 2004 and Satyam's episode (2008). Against the above backdrop and also based on the experiences of UK and USA, a number of committees were set up in India to study and examine the causes of such scams .