Ad
related to: scam list ptc india stock quotes
Search results
Results From The WOW.Com Content Network
1992 Indian stock market scam [6] 1992 Stamp paper scam; 1992 Ajmer rape case; 1996 Disproportionate assets case against Jayalalithaa [7] [8] 1997 Tatra Truck scam; 1997-2006 Jalgaon housing scam [9] 1998 Anubhav Plantations; Ice cream parlour sex scandal; Purulia arms drop case; Palmolein Oil Import Scam; Hawala scandal; SNC-Lavalin Kerala ...
The biggest money market scam ever committed in India, amounting to approximately ₹ 5,000 crores. The main perpetrator of the scam was a stock and money market broker Harshad Mehta. It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of ...
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
For premium support please call: 800-290-4726 more ways to reach us
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange.Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, [1] [2] possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based ...
However, the bear cartel in Bombay stock exchange started to hammer his K-10 stocks in February 2001, leading them to fall and precipitating a payment crisis in Calcutta. [ 10 ] [ 12 ] On 1 March 2001, just after the Indian Union Budget had been presented, the BSE Sensex crashed 176 points, prompting the then NDA government to set up an inquiry ...
A variant of this scam exists in Mumbai, India. [citation needed] The shill says loudly to the dealer that his cards are fake and that he wants to see them. He takes the card and folds a corner and says in a hushed voice to the audience that he has marked the card. He places a bet and wins. Then he asks the others to place bets as well.
She was the Financial Editor for the Times of India until 1998 when she joined the Indian Express group as a Consulting Editor, leaving in 2008. She is known for exposing the 1992 stock market scam done by [[Harshad Mehta. In 2006, she began to write for Moneylife, a fortnightly magazine on investment started by her husband Debashis Basu.