Category: All World scandal
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Ponzi Bernard Madoff Scam
The Ponzi scheme run by financier Bernard Madoff is widely considered to be one of the largest financial scams in history. Madoff, who was the founder and chairman of the Wall Street firm Bernard L. Madoff Investment Securities LLC, defrauded thousands of investors out of billions of dollars over the course of decades. The scheme,…
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PNB Scandal, Nirav Modi
The PNB Scandal, also known as the Nirav Modi Scandal, was a fraud that was uncovered in 2018 at India’s state-owned Punjab National Bank (PNB). The scam, which is considered to be one of the largest banking frauds in India’s history, involved the fraudulent issuance of letters of undertaking (LoUs) and foreign letters of credit…
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NSEL Scandal Report.
The NSEL (National Spot Exchange Limited) scandal is a major financial scandal that came to light in 2013 in India. The scandal involved the collapse of the NSEL, a commodities exchange, due to a massive fraud perpetrated by the exchange’s management and promoters. The NSEL was set up in 2005 as a spot exchange for…
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DHFL Scandal Investigation Report.
The DHFL (Dewan Housing Finance Corporation Limited) scandal is a financial scandal that came to light in 2019, involving the misappropriation of funds around Rs 34,615 crore by the company’s management. DHFL is a major player in the Indian housing finance market and the scandal has had a major impact on the Indian financial system…
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PMC Bank Scandal Explained
The PMC Bank Scandal, also known as the Punjab and Maharashtra Cooperative Bank Scandal, was a financial scandal that came to light in September 2019. The scandal involved a massive fraud committed by the bank’s management and directors, who were accused of misusing depositors’ funds and hiding bad loans. The fraud was discovered when the…
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The Satyam Scandal a 7,800 crores scam.
The Satyam Scandal, also known as the “India’s Enron Scandal”, was a corporate scandal that occurred in India in 2009 involving the Satyam Computer Services, then the seventh largest software services company in India. The scandal was uncovered when the company’s founder and chairman, B. Ramalinga Raju, admitted to having falsified the company’s accounts for…
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Harshad Mehta, big bulls scam
Harshad Mehta, also known as the “Big Bull” of the Indian stock market, orchestrated one of the largest financial scams in the country’s history in the early 1990s. Mehta, who was a stockbroker at the time, exploited a loophole in the banking system to fraudulently inflate the prices of certain stocks. He did this by…
Finance Explained 