Recently India has become the land of multiple scams and in world media because of its bureaucratic approaches. But I will focus on few famous financial scams that where directly linked to financial markets featuring :
- Manipulation in share prices.
- Monopoly in dealing with a huge number of shares of a company.
- Money laundering-borrowing money to trade in securities but using the funds for unconnected purposes.
Harshad Mehta Scam Year 1992
The scam was in essence a diversion of funds from the banking Continue reading “Financial Scams in India”