He ran whole financial system without opening companies. He first launched the finance company CRB Capital Markets, followed by CRB Mutual Fund and CRB Share Custodial Services. He ruled like financial wizard 1992 to 1996 collecting money from the public through fixed deposits, bonds and debentures. The money was transferred to companies that never existed

C R Bhansali operated a massive financial fraud through CRB Capital Markets, CRB Mutual Fund, and CRB Share Custodial Services from 1992-1996, collecting around 1200 crore from the public via fixed deposits, bonds, and debentures before transferring funds to fictitious companies. Harshad Mehta was involved in the 1992 securities scam, while Kalmadi and Raja are associated with different scams (CWG and 2G respectively).