Thugs of Investaan { Top #5 Scam in Stock Market }

Investors weigh the line market arsenic a lieu to make wealth for them in the end. They invest their deliverance in the equity commercialize in the hope of making ample returns. But over a historical period of geezerhood, thither suffer been many scams in the stock market. These scams have led to the erosion of primary of the investors. In this article, we will lean the names of the scamster individuals.

Nirav Modi

Nirav Modi is one of the biggest thugs in the list. The scam involving him is more than 14,000 crore. Punjab General Bank and its shareholders are the major sufferers here. The scam was discovered when three firms of Nirav Modi: Baseball diamond R US, M/s Solar Exports and M/s Stellar Diamonds approached the bank for LoUs defrayment. The bank slowly started digging into the LoU payments made to his firms and unearthed the victimize. The regime have registered many cases against him and seized his properties. Currently, Nirav Modi is enjoying a hideout in whatsoever foreign country.

Mehul Choksi

Mehul Choksi, the owner of Gitanjali Gems is another Native American fugitive business community. He is a relative of Nirav Modi and up to my neck in cheating, criminal severance of trust, money laundering and corruption. The fraud come involves thousands of rupees. Mehul Choksi is wanted by the American-Indian language agencies. Currently, Mehul Choksi has given up the Indian citizenship and residing in Antigua and Barbuda as its citizen.

Byrraju Ramalinga Raju

Byrraju Ramalinga Raju is the erstwhile chairman and CEO of Satyam Information processing system Services. He was involved in a scam of Rs. 71.36 billion. The imposter comprised of Rs. 50.40 billion of bank balance and cash that was not existing. In the year, 2015 he was convicted for fraud relating to Satyam collapse. Shareholders lost a huge total of money in the role playe. However, Technical school Mahindra later took over the company and saved the shareholders from further loss.

Ketan Parekh

Ketan Parekh was stock broker from Mumbai. He was involved in the Indian timeworn marketplace manipulation swindle that took aim from 1998 to 2001. During this land tenure, helium was involved in price manipulation of certain stocks. Atomic number 2 did the manipulation using the money borrowed from banks and his have companies. Collectable to him many large financial institutions and shareholders of many companies suffered heavy losses. He was convicted in the yr 2001 and secured from trading in the Indian stock market.

Harshad Mehta

Harshad Mehta was shopworn broker from Mumbai. Helium is live with several financial crimes during Securities Victimize of 1992. He was involved in gunstock handling valuing Rs. 4,999 crores. He was after convicted by the Bombay Supreme court and Supreme Motor lodge of India. Owing to the scandal, many loopholes in the Bombay Store Exchange (Mad cow disease) and Indian banking system were unclothed. Harshad Mehta died at the age of 47 in 2001.

Latest Breaking News:

Cobra-post accuses DHFL promoters of siphoning off ₹31,000 crore national funds

Cobra-post is the Non-Profit journalism company held a news conference on January 29 in New Delhi, making allegations against the promoters of Dewan Housing Finance Corporation (DHFL).

Cobra-post accused direct promoters of DHFL having siphoned off more than ₹ 31,000 crore public money. Cobra-office also claimed that primary winding, it was carried out through with grants of loans and advances to shell companies and by victimisation other means. To acquire assets, Money was allegedly routed finished the dubious companies and take away international India. The money has been used to buy shares/fairness and other private assets in Bharat, and abroad – including countries so much as Dubai (Conjunct Arab Emirates), UK, Sri Lanka, and Mauritius. Cobra-C. W. Post has alleged according to the handout. The company besides claimed that the shell companies and the topographic point of the siphoned-off money are linked to or owned by promoters of DHFL. It has claimed that around ₹ 21,477 crore of DHFL's funds were transferred into multiple shell companies as loans and investments without whatever resolve to the ministry of corporate personal matters.

As on 29 January, DHFL's Trite fell around 8%.

Conclusion

The India securities market has been tugged by stock brokers and business community at different luff of time. The only way you can pull through your riches from corroding during scams is by following the technical charts of the stocks. Trading Fuel provides education of chart learning to the investors. By discernment bloodline chart reading you can know where to put the right stop losses and save your capital. If you want to avail our services you sack contact U.S.A via call or email. We bequeath be sword lily to attend you.