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India’s top 10 Financial Scam

India’s top 10 Financial Scam

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Published by jaatmahi

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Categories:Topics, Art & Design
Published by: jaatmahi on Jun 07, 2010
Copyright:Attribution Non-commercial

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05/12/2014

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06/07/10
1
 
By- Mahendra Choudhary
India’s top 10 FinancialScam
 
06/07/10
2
After immediately independence 1947
 There was no nationalized insurance authority
Private players was focusing only selectedindustries
Common man was cheated
 Then LIC came with special Act.
 This scam laid the foundation of thenationalization culture in India
1. Insurance Scam
 
06/07/10
3
 The most well known of all financial scams
Happened in a highly visible period -1991
Procure huge amounts of money using of banksthat called “ready forward” deals.
Used bank’s money to purchase large amountsof shares at hugely inflated prices.
Bank got clue of his shady deals and thenhouse of cards collapsed
2.
Securities Scam – HarshadMehta
 

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