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BizDaily: India's Ponzi rp-off

November 25th, 2014

Episode 86 of 643 episodes

The collapse of bogus ponzi schemes in India has left vulnerable investors stripped of their life savings and has resulted in more than 80 suicides. Anu Anand reports on why people, who couldn't afford to lose out, have risked everything in a badly regulated and inadequately managed market. We also hear from the Miele company boss Markus Miele about how keeping it in family has enabled them to achieve efficiency and stability in a business that has survived over a hundred years of technological change. And Jeremy Wagstaff considers the moral hazard built into the driverless car.