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Just to refresh your memory, the almost similar admissions of guilt were made by Bernie Madoff (first line) and Ramalinga Raju (second line), respectively.
While the former masterminded the largest Ponzi scheme in history, the latter has been accused of committing India's biggest corporate fraud.
Both frauds covered a long period of time undetected by regulators and the misdeeds became public almost at the same time - Madoff's in December 2008 and Raju's in January 2009.
But the similarities end there.
Madoff was sentenced by a US court to 150 years in prison within six months, but Raju is out on bail a little over 30 months after his public confession.
Image: Defrauded investor Michael Devito gives the victory sign as he exits United States Courthouse in lower Manhattan June 29, 2009 after the sentencing hearing for convicted swindler Bernard Madoff.
Text: Shyamal Majumdar, Business Standard
Images: Reuters and AFP (Any unauthorised reproduction is strictly prohibited)
