Scams perpetrated during 2019 involving Karvy Stock Broking Limited (KSBL), a group company led to the filing of criminal cases against the Chairman and others.

[citation needed] Karvy Group provided financial services like finance, insurance, broking, investment banking, loans for individuals and businesses.

[10] In November 2019, Securities and Exchange Board of India barred Karvy Stock Broking Limited (KSBL) from purchasing shares in delivery and also accepting new clients pending a forensic audit.

An amount of 1096 crore was transferred to its group concern Karvy Realty Private Limited during the period of April 2016 - October 2019.

On 25 November 2022, a fresh criminal case was registered against C. Parthasarathy, the Chairman of Karvy Reality (India) Private Limited for cheating few investors from Kolkata and Kerala by engaging to sell plots in 2019, in an old real estate venture of 2009.