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Finshots Daily

Did Hari Shankar Tibrewala crash the stock market???

Mar 18, 2024
05:26
Snipd AI
Exploring the mysterious figure of Harishankar Thibrewala and his involvement in the Mahadev betting scam, alleged stock market manipulation by Tibrewala, Chandrakhar, and Upal, using illegal money to manipulate stock prices of smaller companies, and growing concerns among enforcement agencies
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Podcast summary created with Snipd AI

Quick takeaways

  • Harishankar Tibrewala manipulated stock prices through Sky Exchange app, raising market integrity concerns.
  • Saurabh Chandrakhar and Ravi Upal's Mahadev Book app led to illegal fund transactions and lavish lifestyles, ending in arrests.

Deep dives

The Rise and Fall of the Mahadev Book App

Saurabh Chandrakhar and Ravi Upal's journey from setting up a juice stall to creating the Mahadev Book gambling app led to immense wealth. Their move to Dubai and expansion into millions of users resulted in illegal money transactions, culminating in a lavish wedding and subsequent arrest by Indian authorities.

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