1992. 2009. 2016. 2018. 2022. 2026.
Six years. Six frauds. One victim every time.
1992 : Harshad Mehta ( ₹4,000 crore )
Banks looted
2009 : Satyam ( ₹7,136 crore )
Shareholders wiped out
2016 : Vijay Mallya ( ₹9,000 crore )
Fled to London
2018 : Nirav Modi ( ₹14,356 crore )
Fled before FIR
2022 : ABG Shipyard ( ₹22,842 crore )
Biggest bank fraud ever
2026 : Rajesh Exports ( ₹15.15 LAKH crore fabricated revenue ) Stock down 90% ( under investigation )
LIC holds 10.80% stake.
1.94 lakh retail investors trapped.
Every decade. Same script. Different name.
The fraudster escapes. The auditor stays silent. The regulator wakes up after the damage.
And the common man pays. Every single time.
When will the punishment match the crime?
Everything in India is a scam. It's just the matter of the day when it is exposed. Each of the govt schemes is a scam.
Where the government is involved, scam is inevitable.
If true, this is the worst and the most discriminatory move against Indians I have ever seen in my life! Indian investors who have been betting on India and had been holding their shares in the economy despite the struggling times we have been going through are being punished and foreign investors who pulled out money are being awarded. If you want to remove capital gains tax, remove for everyone! What is this slavery mindset with which our FM is working! Shameful! I would urge all Indian investors to pull out their money from Indian stocks if this is implemented!
What is surprising is that those who track stock market and companies traded on the platform knew there was an issue. In fact @Moneylifers has been flagging it since 2014, yet SEBI took so long to figure? And LIC continued to be blissfully unaware with over 10% invested in the stock?
It is the retail investor who ends up becoming the biggest loser- every single time- while these companies as well as authorities continue their wink&nudge style Hera pheri. The system is rotten.
Akanksha Chaturvedi
> NEET aspirant from Mauganj, Madhya Pradesh
> She was preparing for NEET in Nagpur
> Her family took a 3 lakh loan for her studies
> She was expecting around 650 marks
> She became depressed after the paper leak and possible re-examination
> She took her own life
> In her suicide note, she wrote that she didn't have the strength to give the exam again
Who is responsible for her death?
Does the life of ordinary citizens have no value in this country?
India’s central bank said a report that it’s selling gold is “not correct,” pointing to data showing its physical stock of gold has remained unchanged https://t.co/gEQXdotJmj
Bloomberg said RBI sold Gold reserves in May.
But PIB FACT check team published data till April and saying Bloomberg report is fake news.
I want RBI to publish MAY's data for better classification.
During Congress Govt, the media used to directly demand the Prime Minister’s resignation. Now, even the transfer of an officer is a ‘big action’ for media. 😸✌️