Stocks like that of Shree Ashtavinayak Cine Vision, with poor corporate governance and dubious promoter record, attract investors like bees are attracted to honey. In their lust to make a quick buck, investors turn a blind eye to all red flags and plunge in with their money. When the money evaporates into thin air, investors cry foul but who told them to play with fire?
Ponty Chadha was a brilliant businessman with a well diversified portfolio worth Rs. 6,000 crores. He possibly bribed politicians and dodged payment of taxes to create his empire. Sadly, in the end, he was killed by his own brother Hardeep Chaddha. What happens to all that wealth now?
The Stock Guru scam which duped 2 lakh investors of Rs. 500+ crores was very easy to implement. However, Lokeshwar Dev Jain and Priyanka Dev Jain did not expect such an abrupt closure of their scam. They were surprised by the sudden Income-tax raid which sealed the bank accounts and confiscated the cash
Is it really so easy to run a scam? Just set up a shop, promise investors exorbitant returns, collect hundreds of crores, and just disappear in the dead of the night. Lokeshwar Dev Jain and Priyanka Dev Jain of “Stock Guru India” collected a mind-boggling Rs. 1,100 crores from naive investors before absconding
P. N. Vijay’s stock pick Zylog Systems soared to a 52 week high of Rs. 340 and a 52 week low of Rs. 120, all within the space of a few weeks. P. N. Vijay is also the “financial adviser” of the company. Is it a case of a classic “Pump & Dump” story? It has been a nightmarish session for Zylog’s beleaguered investors who are left holding the can
Vijay Mallya has the luck of the Devil. He may be bankrupt and walking around with a begging bowl but that won’t stop him from indulging in his pet profligacy like making a “deal” with Lord Kukke Subrahamnium and promising a golden door worth Rs. 80 lakhs as a “reward” for bailing him (i.e. Vijay Mallya) from financial problems
Multibagger Ministers can also be an inspiration for the huge wealth that they have created for themselves except that the means adopted are probably all unlawful and unethical. Anyway, all that we ordinary folk can do is envy these Politicians for their enormous wealth
T. Venkattram Reddy, the Chairman of the beleaguered Deccan Chronicle Holdings, who was allegedly absconding to escape the fraud and forgery chargers levied by Karvy, has come out in the open to clarify what caused the financial crises
Subrata Roy Sahara’s fight against SEBI has gone horribly wrong with the Judges tearing Sahara apart and threatening that it should be treated with an iron hand and punished with civil and criminal liability so as to prevent the Country landing into “another security market pandemonium”
The CBI is probing whether this person who invested Rs. 75 crores in Jagan Reddy’s companies gave it as a bribe to YSR Reddy
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