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The scam was 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 ...
Thane, Maharashtra, India. Occupations. Businessman. stockbroker. Criminal penalty. 5 years rigorous imprisonment. Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker and a convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹30,000 Crores) made him infamous as a market manipulator.
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Businessman. stockbroker. Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001. [ 1] During this period, Parekh artificially rigged prices of certain chosen securities (informally referred to as K-10 stocks), using large sums ...
The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia . Danatbank. Germany.
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.
Aavin scam - Ten-year adulteration of milk supplied from societies of the Tamil Nadu State Milk Union, estimated at ₹ 27 lakh per day. [ 99] The owner of the truck was arrested in Chennai. [ 100][ 101] Siliguri Jalpaiguri Development Authority scam, West Bengal (₹200 crore) [ 102] Gurugram Rajiv Gandhi Trust land grab case.
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