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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.
Adani Group scandal: In January 2023, Hindenburg Research revealed that it had short positions in India's Adani Group, alleged to be a close ally of Narendra Modi's administration, [97] and flagged debt and accounting concerns. Concurrently, Hindenburg released a report claiming that Indian conglomerate Adani Group "has engaged in a brazen ...
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 ...
After many investigations by the Securities and Exchange Board of India, Parekh and his front entities were found guilty of rigging share prices of ten companies called K-10 and SEBI had banned Parekh and associated firms from trading in the market for 14 years. [3] [4] [5] He is known as notorious stock broker by CSE. [6]
While Sucheta was learning about the stock market concepts Harshad was able to expand their business and get hold of Bushan. Following the assassination of Indira Gandhi, her son Rajiv Gandhi is appointed as the prime minister of India. Manu Mundra believes the market is going to crash, Pranav Seth believes the same but Harshad remains optimistic.
Haridas Mundhra (Hindi: हरिदास मूंदड़ा; died January 6, 2018) was a Calcutta-based stock speculator who was found guilty and imprisoned in the first big financial scandal of newly independent India in the 1950s. The Mundhra scandal exposed the nexus between the bureaucracy, stock market speculators and small rogue ...
Sex scandals in India (1 C, 8 P) Pages in category "Scandals in India" ... 1992 Indian stock market scam; 2020 Bengaluru drug raids; 2020 Kerala gold smuggling case;