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Mar 8, 2021 · Harshad Mehta’s net worth came from his stockbroking talent. However, he also was the “kingpin” of a securities scam that rocked the Bombay Stock Exchange.
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker and a convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹30,000 Crores) made him infamous as a market manipulator .
Dec 31, 2001 · Born into a Gujarati Jain family, Harshad Mehta was a stockbroker who carried out the 1992 stock market scam, apparently, the biggest ever stock market scam in India. Harshad spent his early childhood years in Mumbai’s Kandivali, where his father, Shantilal, used to run a small textile business.
Jun 9, 2023 · According to corporate shareholdings disclosed for December 31, 2022, Mehta owns 2 stocks publicly of around Rs. 176.6 Cr which also imparts the value to Harshad Mehta net worth. Here are some of the Harshad Mehta stocks he bought in and attempted to manipulate:
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD.
Mar 22, 2024 · Harshad Mehta, an Indian stockbroker and convicted fraudster, is estimated to have a net worth of approximately $7 billion. His involvement in the 1992 Indian securities scam led to his arrest and subsequent downfall.
At the peak of his career, Harshad Mehta’s net worth was estimated to be around INR 2,000 crore (approximately $272 million). His wealth was acquired through a combination of stock market manipulation, fraudulent practices, and a deep understanding of the loopholes in India’s banking system.
79 stories. "It wasn't a scam, it was a masterstroke," said Harshad Mehta, India's notorious stockbroker who orchestrated one of the biggest financial frauds in the country's history. The Harshad Mehta scam, also known as the "securities scam," shook the nation and left a lasting impact on the financial sector.
Jun 14, 2013 · But now that the game has come unstuck, it is becoming clear that the flamboyant 37-year-old Mehta, a fast-talking, fast-dealing high-roller is at the centre of the biggest financial and insider trading scam ever in the country's history.
Oct 17, 2023 · Harshad Mehta is no more alive, but Harshad Mehta's brother is estimated to have built a very high net worth. Reportedly, Harshad Mehta net worth when he was alive was estimated to be nearly $475 Million, which could be roughly converted into INR 3542 Crores. His wealth enormously increased while he was at the peak of his stockbroking career ...
