Varun Industries has touched a 52-week low of Rs 24.50. At 12:13 hrs, the share was quoting at Rs 24.65, down Rs 1.10, or 4.27%. Investors had lost their money heavily at this counter. It was trading around 270 before a month or two. Those who have invested at higher level already have lost almost more than 90% within a span of 60-70 days. This happens only Indian Stock Exchange. At present Indian Stock Exchange is being known as heaven for scam maker and fraudsters. Corruption is at all time high so these fraudsters can manipulate everything from making false announcement at BSE and NSE, inflating their result/ balance sheet. Varun Industries is one of the biggest fraud at Indian Stock Exchange. Imagine suddenly this quarter company posted a loss of 291 Crores. This happens only in India. As usual poor investors and retailers are at receiving end. I wonder, Why is the CLB and Comptroller of Accounts not getting into the investigation act and come out with the clear facts. On what basis did reputed institutions lend money against pledged shares when there was such huge amount of trading amount involved in the financials rather than real production of goods???