HARSHAD MEHTA SCAM

1992

India witnessed one of the most notorious scams which shook the Indian financial system. It involved a fraud of around ₹4,000 crore, which led to a massive crash in the stock market. The scam first became apparent in late April 1992, and sent the Sensex from 4,546 points at the start of April to 2595 points by the first week of August – a drop of 43%