MAjor scams in Indian capital market

Security scams and financial scandals have led to the manipulation of huge amount of money, and bloating of stock markets. Even the financial markets having regulatory power and empowered legal sections have been disastrous in providing good corporate governance to some level. Fraud is a major trouble that is increasing both in its frequency and in severity. The growing rate of white-collar crimes demands stiff penalties, exemplary punishments, and effective enforcement of law with the true spirit. An attempt is made to examine and analyze the major scandals of Indian capital market, which brought to limelight, contributed to substantial economic losses, and eroded investors’ confidence from the stock markets.