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Indian stock market scams list and details (भारतीय शेयर बाजार की घोटालों की सूची और विवरण)

​हिंदी मै पढ़ने के लिए नीचे देखिये :

Harshad Mehta Scam:

The scam came to be known as the security scam and estimated to be around ₹3500 crores. 

In 1991-92, he used to get funds from banks and then used them to artificially inflate the BSE Sensex. The Sensex rose to as high as the levels of 4,500 points.

Stocks like:  ACC  which to everyone’s surprise rose from INR 200 to INR 9000 

It was busted by Sucheta Dalal, a journalist.

Stock markets crashed. 

Mehta was sentenced for 9 years and eventually died.

Ketan Parekh Scam:

Student of Harshad Mehta, Mr. Parekh, followed the same path. 

He was getting funds from institutions and used to manipulate stock price.

His favourite stocks were the K-10 stocks and he used the concept of circular trading to inflate the stock prices.

He was even paid by some companies to increase their stock prices.

He eventually sold off all his stocks leading to the market crash.