Dropout Engineer's video: Hari Shankar Tibrewala 1100 Crore Stock Market Scam Explained

Hari Shankar Tibrewala, a Dubai-based businessman, is at the center of this scandal. His alleged involvement in illegal activities spans across illegal betting, hawala transactions, and stock market manipulation. Here are the key details: Illegal Betting: Tibrewala operated an online betting platform called Skyexchange. The Enforcement Directorate (ED)uncovered his role in large-scale hawala movement of betting funds. - Mahadev Online Book: Another illegal betting website, Mahadev Online Book, is linked to this case. The ED is investigating the flow of funds related to this platform. - Stock Market Manipulation: Tibrewala is accused of manipulating stocks of over two dozen small-cap companies, resulting in significant declines in their share prices. - Investments in Indian Stock Market: Through his Dubai-based entities, Tibrewala allegedly invested the betting proceeds in the Indian stock marketvia the Foreign Portfolio Investment (FPI) route. His associates played a role in layering these funds. - Dubai Connection: Tibrewala's modus operandi involved handling money from customers and channeling it through a clandestine network of money operators. His actions had a notable impact on the Indian stock market. In summary, the Tibrewala Scam intertwines financial irregularities, betting, and market manipulation, making it a significant case with far-reaching consequences. 🕵️‍♂️📉🔍