The biggest financial scams in India now include the recent Gensol Engineering case.
Gensol faces charges of money laundering, with investigations by Sebi, the Ministry of Corporate Affairs, and the Enforcement Directorate underway.
The startup’s share price has plummeted nearly 90% in a year, impacting retail investors.
This follows Byju’s collapse last year due to governance issues.
Historical scams like ILFS, Satyam, and Jet Airways show a pattern of fraud with minimal consequences, underscoring the need for stricter regulations to deter such malfeasance in India’s startup ecosystem.
Read More at Moneycontrol
