What is a frequently asked question?

What are the scam in India?

14000 crore scam under the timeline from 2008 to 2015 was known as one of the largest corporate frauds in India. Satyam computers were established in 1987 by B. Ramalinga Raju, an IT company based out of Hyderabad.

What is the India biggest financial scam?

₹22,842 Crores were defrauded over 5 years. ABG Shipyard took loans from a consortium of banks (28 banks), which was led by ICICI Bank, IDBI Bank, and later SBI Bank in 2001.

Who is the most famous scammer in India?

Abdul Karim Telgi, the name is still etched boldly in the memory of the whole of India. The con artist, who shook the entire nation with his mastered art of forgery in printing duplicate stamp papers.

Who did 5000 crore scam?

Overview. The scam was the biggest money market scam ever committed in India, amounting to approximately ₹ 500 crores. The main perpetrator of the scam was a stock and money market broker Harshad Mehta.