From Satyam to PNB: Financial Scandals Of India

Uncovering Financial Fraud In India

Jun 13, 2024 Radhika Bhardwaj Chat Box

Harshad Mehta Scam (1992) Stockbroker manipulated stock market, siphoning ₹4,000 crore using bank receipts

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Satyam Scam (2009) Founder Ramalinga Raju admitted to falsifying accounts, inflating revenues, and profits, totaling around ₹14,000 crore

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Ketan Parekh Scam (2001) Stockbroker Parekh's pump and-dump scheme crashed tech stocks, manipulating prices

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Saradha Group Scam (2013) Ponzi scheme duped investors with high returns, mainly in West Bengal, Assam, and Odisha

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Nirav Modi-PNB Scam (2018) Modi and Choksi defrauded PNB of ₹14,000 crore with fraudulent LoUs for credit from overseas Indian banks

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