Case we are talking about the banking system and financial markets Harshad Mehta scam, as chief architect. Mehta was able to successfully use the flaws in the microstructure of the Indian financial system in order to extort money from the banking system for financial markets. With this money, he manipulated the Indian capital market is a phenomenal increase in stock prices. When the scam was exposed, the capital markets fell and thousands of investors lost their savings. It also affected a number of domestic and foreign banks operating in India "Hide
on Preeti Goyal, Sanjay Dhamija Source: University of Hong Kong, 12 pages. Publication Date: September 15, 2010. Prod. #: HKU904-PDF-ENG