AGARTALA, July 24 (TIWN): Student Federation of India on thursday staged a protest rally against corruption under BJP Government. During the protest, they have mainly focused on the Vyapam scam and Demet scam.

They also criticized that in the name of Swach Bharat huge corruption is going on.

Students of Maharaja Bir Bikram College and Bir Bikram Memorial College have participated at the protest rally. The protest has been conducted at the College Tilla Street.

The Vyapam scam is an admission and recruitment scam involving politicians, senior officials and businessmen in the Indian state of Madhya Pradesh. Madhya Pradesh Professional Examination Board (MPPEB), popularly known by its Hindi acronym "Vyapam" (Vyavsayik Pariksha Mandal), is a self-financed and autonomous body incorporated by the State government responsible for conducting several entrance tests in the state.

These entrance exams are held for recruitment in government jobs and admissions in educational institutes of the state. The scam involved a collusion of undeserving candidates, who bribed politicians and MPPEB officials through middlemen, to get high ranks in these entrance tests.

IPO Demet scam that had rocked the stock market 2006 and then the KYC guidelines were bought into the whole juncture and the concept of disgorgement was bought into the picture. When the Securities Exchange Board of India (Sebi) started scanning an entire spectrum of IPOs launched over 2003, 2004 and 2005, it ended digging up more dirt and probably prevented a larger conspiracy to hijack the market.

It involved manipulation of the primary market by financiers and market players by using fictitious or benaami demat accounts.

While investigating the Yes Bank scam, Sebi found that certain entities had illegally obtained IPO shares reserved for retail applicants through thousands of benaami demat accounts. They then transferred the shares to financiers, who sold on the first day of listing, making gains from the price difference between the IPO price and the listing price.