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CarrianFraud Case

Duringthe 1980s, Malaysia found out about the banking scandal whichinvolved Bumiputra Malaysia Bhd and the lending to the CarrianCorporation in Hong Kong. This case brought about some unique legalarguments of issues of jurisdiction, for instance, the Malaysiancourt’s power to exercise jurisdiction over the breaches of law bya director of a foreign company was questionable (Campbell 48). BankBumiputra hence sued its Malaysian director for fraudulentlymisinterpreting and breaching his duties.

TheMalaysian director was on the right side since the stockholder theoryasserts that the directors of a company have a duty to both theshareholders of the corporation and other individuals who contributeto the company’s wealth creating activities. Although thestakeholders (Bank Bumiputra in this case) at times deserve to beconsidered, it is widely accepted that the shareholders and theemployees of Carrian Corporation should be given rights.


TheVyapam scandal is mainly about the manipulation in the process ofselection for jobs and government institutions by Madhya PradeshVyavsayik Pariksha Mandal (Vyapam). This involves impersonating thecandidates and copying of exams. The government passed a bill thatprevents people from filling any civil petition without gettingpermission from the court at first (Sethi, The Guardian). Thegovernment also set a new service bill that guaranteed its citizens aright to a specified number of bills within a fixed period of timeand also provided a new channel to air grievances. In this scandal,the government has acted as a regulator by passing a law that banspeople from going to court without reasonable grounds. The governmentregulation also empowered the advocates and they can now challengeany criminal petition against Vyapam.


Campbell,David. International Securities Law and Regulation [2009] – II Volume2 of

InternationalSecurity Law. 2009. Print

Sethi,Aman. “The Mystery of India’s Deadly Exam Scam.” The Guardian,7 Nov. 2016

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Religionis one of the most multifaceted aspects to comprehend. This isbecause different countries have varying beliefs. Before the colonialperiod, many communities had their faith guided by spiritual masters.However, with the polarization from the Western countries, manyreligions erupted all claiming to be accurate. As such, this paperwill dwell on some of the Asian cultures that provide thoughtfulaspects applicable in the current world. One of the key confusionsemanating from the Western countries focuses on the social aspects.For instance, some religions are caught between legalizingcontentious issues such as same-sex marriages. Apart from that,religions find it hard to explain whether there is hope or everyoneis doomed. The contentious issues have escalated to the entire globeas people look to the West for guidance.

Theworld today is compounded with different kinds of crises. The societyis continuously becoming immoral, the environment is regularlymishandled thus reciprocating, and people are suffering economically.Regarding economics, individuals are continually enriching themselveswithout consideration of the poor. The moral grounds based onreligion are often ignored. Due to the gap between the wealthy andpoor, people have lost hope and do not care about religion. Inaddition to that, the continuous wars for supremacy have severed therelations among countries. Nations are nowadays fighting to besuperpowers i.e. efficient war machinery, technology, and minerals.In other words, items that contribute to the supremacy of a country.As such, it has ignored the less industrialized nations convincingthem to think they are less fortunate. It is, therefore, time to moveto the East and comprehend the Asian religion [CITATION Rob13 p 78 l 1033 ].

Someof the Western countries’ religions have swayed the entire globe.Evidently, the West is a focus for many countries who want to emulatetheir advancements. However, advancements have come with detrimentalimpacts of misinterpreting the religious books. Religion in the Westis continuously losing ground. The upcoming generations are lessconcerned with the matters of faith. Due to the confusion in thecurrent religious systems, they lack enough teachings to guide themin the right direction. For instance, what do the religious scriptssay about prostitution? How are same-sex relationships considered inreligion? What do the religious texts say about economic gain? Thecurrent generation does not comprehend all these aspects, yet theyare quite vital in humanity. The Asian religions can help alleviateall these issues if they are grasped effectively. Though Hinduism,Sikhism, Buddhism, Daoism, Shinto, and Confucianism emanated fromdifferent people, they depict accurately the current challengesfacing the globe. I was primarily drawn to Buddhism and Confucianism[CITATION Jam98 p 54 l 1033 ].

Thebeliefs of these groups are quite astounding and worth emulating. Forinstance, most Buddhists believe that everyone is affected by his orher past deeds, rebirth occurs in human form, nothing in the world iseverlasting. They also follow the ‘Eightfold Path’ and believe inthe ‘Four Noble Truths.` As such, it is interesting to note thatnothing in this globe is everlasting. Whether one is poor or engravedin poverty, they all die. Death, therefore, brings equity to all thehumankind. Evidently, this should be a lesson to people who have losthope in life due to their economic hardships among other challenges.The Buddhists also believe that our past deeds influence the currentlife. According to Buddha, misery arises from our attachment to afabricated sense of reality. The connection is thrust by threepoisons of anger, greed, and ignorance. The distinct imaginary personhence becomes attached to power, self-aggrandizement, and money, anunquenchable greed that has no limitations. Unable to acquire what itwants, anger comes along. Anger, greed, and ignorance make the worldrotate. The above elements are practical in our current cultures.When happiness is described as possessing things, when shopping athigh-end boutiques or malls is the main way of attaining comfort andmeaning in life, then the three poisons are in full control. Once thethree poisons are active, the entire globe suffers. People agonize inpain, grief, and sorrow due to the extensiveness of these venoms. Thethree toxins mentioned by Buddha are a clear clarification of howconflict comes into play and feeds on itself. There is nosatisfaction in life. People always crave more happiness with lesspain. The desire to acquire more is a danger that leads to humansuffering [CITATION Jam98 p 300 l 1033 ].

Anotherinteresting belief is based on Confucianism. Their beliefs stressedmuch on love for the family, hard work, honesty, education,trustworthiness, service to one’s country. They have a belief thatthe problems affecting the societies are due to greed, arrogance,desire for wealth, hunger for attention and fame. Evidently, even ifthese thoughts were written some years back, they are quite evidentin the current globe. The modern churches do not accuratelydistinguish between wealth and religion. The greed for wealth andfame outweigh the hunger for the word of God.


TheAsian religion is far much deeper than the stated aspects. Evidently,our economic, social, environmental, and cultural challenges areprimarily shaped by the greed for material gain. As illustrated bythe three poisons, it is evident that the humankind instigateshis/her downfall. As a human, would you prefer material gain orsalvation? Do you think the Buddhists noble truths are practical? TheAsian religion can help in solving many challenges compounding theglobe today.


Powers, James Fieser and John. Scriptures Of The World`s Religions. McGraw-Hill Education, 2014.

Robert Ellwood, and Barbara Mcgraw. Many Peoples, Many Faiths: Women and Men in the World Religions. Routledge, 2013.