The scam exposed the inherent. The scam was the biggest money market scam ever committed in India amounting to approximately 500 crores.
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Among the heavyweights MISC Bhd gained 17 sen to RM713 Axiata Group Bhd Maxis and Public Bank added one sen each to RM299 RM374 and RM468 respectively while Maybank rose three sen to RM896.
. Of the actives SNS Network Technology improved one sen to 275 sen while Vortex BCM Alliance and Hextar Industries dipped half-a-sen to 16 sen two sen. The main perpetrator of the scam was a stock and money market broker Harshad MehtaIt was a systematic stock scam using bank receipts and stamp paper that caused the Indian stock market to crash.
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