Indian market scams

vinodhramani · #1 21st December 2006, 06:19 AM

Hi,
Can some tell me in simple way about the stock market scams in india? (Harshad mehta and Ketan parekh) or is there any site i can learn about them?

Thanks,

Vinodh.

parry · #2 11th July 2007, 01:02 PM

mate this is not call the scam but it is called as TAKING ADVANTAGE OF SYSTEM LOOP HOLE.

Luckytrader · #3 11th July 2007, 04:55 PM

Hi,

Read this:
http://en.wikipedia.org/wiki/Ketan_Parekh

http://en.wikipedia.org/wiki/Harshad_Mehta

Sunnyp · #4 11th July 2007, 08:29 PM

Thanks Lucky for that information.

This forum is great, I am new here, Can you or somebodyelse can tell me how to open an account? or through which broker? I mean which one service is good & its rates are affordable?Plz Help.

thnks in advance

tulika · #5 12th July 2007, 01:10 AM

i suggest first you watch the movie 'gafla' before jumping to any opinion about Harshad Mehta and Ketan Parekh.. i downloaded this movie through net as it is not available easily in the market.

CreditViolet · #6 12th July 2007, 01:19 AM

The Great Indian Scam

Story of the missing Rs 4,000 crore

In the first quarter of 1992, reality had overtaken fiction. Harshad Mehta, the Big Bull, dominated the nation’s headlines. He was widely hailed as the new folk hero, who had single-handedly lifted the stock market to unimaginable heights. And the entire nation was a willing participant in the gold rush. What fuelled the furious upward climb of the stock market were the bulls and bears locked in an epic battle for mastery. The galloping market came to an abrupt halt when a small news item first suggested that their war was waged with money diverted from the banks. At least Rs 4,000 crore had been swindled, i.e. $ 1.25 billion — a gigantic scam even by world standards.

How could such a massive scam take place? Who engineered it? Finally, here is an expert probe that pieces the jigsaw together:

The secret of Harshad Mehta’s spectacular rise; who was he, how did he operate?

How much of the truth have the multiple official investigations unearthed?

How much of the money can be recovered and how?

Why did the bulls and bears need such massive sums of money?

Why did the banks and PSUs lend so much money to the bulls and bears?

Who headed the bear cartel that locked horns with Harshad Mehta?

Written with the racy verve of a detective story, financial experts Barua and Varma have succeeded marvellously in blowing the lid off the complex transactions that cloaked the great Indian scam in an attempt to find out who stole Rs 4,000 crore, and how.

http://www.visionbooksindia.com/deta...sbn=8170941288

dineshdeepak · #7 12th July 2007, 01:35 AM

i must agree with you all...........Tulika you tell me from which site u donwnloaded the movie.........

dineshdeepak · #8 12th July 2007, 01:36 AM

Quote:

Originally Posted by tulika

i suggest first you watch the movie 'gafla' before jumping to any opinion about Harshad Mehta and Ketan Parekh.. i downloaded this movie through net as it is not available easily in the market.

from which site u downloaded the movie ?

tulika · #9 12th July 2007, 01:42 AM

It was not any site. I downloaded from a p2p software named ares in which you can dowmload anything from any other's computer (provided he/she have that software). First you download Ares from aresgold.com and then search the movie and start downloading

dineshdeepak · #10 12th July 2007, 01:47 AM

movie name is GAFLA or GHAPLA never heard about this movie.......who is the hero........

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