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The size of the scam was estimated to be around ₹ 200 billion (US$2.3 billion) [2] One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees including Nikhil Kothari, an Assistant Police Investigator who was found to have a net worth of over ₹ 1 billion (US ...
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 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 ...
Very similar to the casting agent scam is the "job offer" scam in which a victim receives an unsolicited e-mail claiming that they are in consideration for hiring to a new job. The confidence artist will usually obtain the victim's name from social networking sites, such as LinkedIn and Monster.com .
For 16 years, a suburban New York prosecutor’s office insisted it had the right man in a notorious 1996 double killing. The office tried him five times, through a series of hung juries and ...
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 ...
"He wouldn't let me go inside. And he choked me (unintelligible) in the hallway," she said. "He blocked the door so I couldn't go inside, and when I did go inside, he chased me upstairs.