many big and small scams have happened so far in the Indian corporate sector, here is a list of five biggest scams occurred till date.
 These are 7 biggest corporate scammers of India

Scams and scammers are an unavoidable part of the corporate world. There will be and have been people because of whom, the industry had to face crises because their scams produced a wave of unfaithfulness among investors. Although, many big and small scams have happened so far in the Indian corporate sector, here is a list of five biggest scams occurred till date.


Vijay Mallya

 Vijay Mallya

Business magnate Vijay Mallya hit the headlines for failing to pay back approximately Rs. 7,000 crores to different banking institutions. Following this, he left Indian and started living in UK.



Subrata Roy, Sahara

Subrata Roy, Sahara 

The chairman of Sahara Group Subrata Roy and Vijay Mallya has a lot in common. Both were successful businessmen once, passionate for sports and had their own IPL teams. The Group was accused of failing to refund a huge amount of Rs. 20,000 crore to its more than 30 million small investors, which the Sahara group had collected through its two unlisted companies.




Ramalinga Raju, Satyam Computers

Ramalinga Raju, Satyam Computers 

The founder of Satyam Computers, B Ramalinga Raju, got into trouble after he admitted that he was inflating the company revenue, profit and profit margins for every single quarter over a period of 5 years. The amount that he embezzled is estimated to be around Rs. 7,200 crore.



Sudipta Sen, Saradha Chit Fund

Sudipta Sen, Saradha Chit Fund 

Saradha group, which ran a chit fund company in West Benga,l had collected around 200 to 300 billion from various investors under a promise of high returns for their investments.



Ketan Parekh

Ketan Parekh

Parekh borrowed from banks like Global Trust Bank and Madhavpura Mercantile Co-operative bank, and manipulated a host of stocks popularly known as K-10 stocks. Having spent only 1 year in jail, he has been banned from trading in the Indian stock markets till 2017.



Ram Sumiran Pal, Speak Asia

Ram Sumiran Pal, Speak Asia 

Speak Asia, which was an online trading company founded by Ram Sumiran Pal and his brother, duped at least 24 lakh investors for Rs 2,200 crore in the scam extending to Singapore, Italy, and Brazil, among others.



Roop Bhansali scam

Roop Bhansali scam 

Roop Bhansali scandal CRB was once a superior investment banking company, commenced by C R Bhansali. Roop Bhansali, via mutual funds, FDs and debentures accumulated funds from capitalists. With the assistance of non-existent firms he lifted up funds and shifted to his other shell firms or others who made investment with him.



NSEL Scam

NSEL Scam 

NSEL Scandal Money from capitalists were siphoned off as the most of the fundamental commodities did not subsist and the buying and the selling of goods was being only carried out only on paper.





Source:laughing colours
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