What all were the famous stock market scam of India?

There have been several notable stock market scams in India over the years. Some of the most famous include:

Harshad Mehta Scam (1992): One of the biggest stock market scams in India, involving a stockbroker who manipulated the stock prices of several companies through illegal means. The scam led to a crash in the stock market and resulted in severe losses for many investors.


Ketan Parekh Scam (2001): A stock market scam involving a group of stockbrokers and companies, who manipulated the stock prices of several companies through illegal means. The scam led to a crash in the stock market and resulted in severe losses for many investors.


Satyam Scandal (2009): A corporate scandal involving one of India's largest IT services provider, Satyam Computer Services, where the company's founder and chairman, Ramalinga Raju, admitted to falsifying financial records to inflate the company's profits and assets. The scam led to a significant impact on the Indian stock market and economy.


NSEL Scam (2013): The National Spot Exchange Limited (NSEL) scam was a fraudulent trading operation where the exchange and its promoters were found to have defaulted on payments of Rs 56 billion to investors. The scam had a significant impact on the Indian commodity market and economy.


PMS Scam (2013): The Portfolio Management Service (PMS) scam was a fraudulent trading operation where the PMS companies and its promoters were found to have defaulted on payments of several crores to investors. The scam had a significant impact on the Indian stock market and economy.


Saradha Group Scam (2013): The Saradha Group scam was a fraudulent operation where the company and its promoters were found to have defrauded investors of thousands of crores by promising high returns on their investments. The scam had a significant impact on the Indian economy and people who invested.

It's important to note that these scams were not only a loss for the investors but also had a negative impact on the overall economy and trust in the stock markets. Additionally, it's important to always do research before investing and to not fall for any kind of fraud or scam in the future.