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Harshad Mehta Scam (1992)


Harshad Mehta was a stockbroker who manipulated the stock market and made unlawful profits through the Ready Forward (RF) transaction. He is suspected of defrauding banks of around Rs. 5,000 crores.

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Stamp Paper Scam


The estimated amount of money lost in the Stamp Paper Scam is ₹20,000 crores (US$2.6 billion). However, some estimates put the amount as high as ₹30,000 crores (US$3.9 billion).

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Sahara Scam


The "Sahara Scam" saw the Sahara Group collecting an astounding Rs 24,000 crore through optionally fully convertible debentures (OFCDs), later ruled illegal by SEBI.

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Vijay Mallya Scam


Vijay Mallya was the owner of Kingfisher Airlines, which he ran into financial trouble. He is estimated to have defrauded banks of over Rs. 9,081 crores.

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The Satyam Scam


In the "Satyam Scam," the chairman of Satyam Computer Services confessed to inflating the company's financials by a whopping $1 billion, revealing a shocking case of corporate fraud.

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Nirav Modi PNB Bank Scam


Nirav Modi was a diamond merchant who used fraudulent Letters of Undertaking (LOUs) to obtain loans from Punjab National Bank. He is estimated to have defrauded the bank of over Rs. 11,400 crores.

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Rose Valley Scam


The "Rose Valley Scam" promised land and property investments, but actually defrauded investors of approximately Rs 17,000 crore, causing widespread loss.

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Saradha Group Financial Scam


The Saradha Group was a Ponzi scheme that defrauded millions of investors of over Rs. 2,460 crores.

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2G Spectrum Scam


The 2G spectrum scam involved the fraudulent allocation of 2G spectrum licenses at below-market prices. The scam is estimated to have cost the government over Rs. 30,976 crores.

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Stock Guru India Scam


The "Stock Guru India Scam" exploited investor trust by offering investment tips, only to abscond with over Rs 1,500 crore, leaving many in financial distress.