Financial Scams in India: #5 Roop Bhansali scam
Friday, April 28, 2017, 11:30 AM
The Bansali scam took place in the year 1995 and the scam was worth Rs.1200 crore. The key person involved in this scam was Chain Roop Bhansali. Roop Bhansali, through mutual funds, fixed deposits and debentures collected money from investors. With the help of non-existent companies he raised and transferred money to his other shell companies or others who invested with him.