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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 .
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.
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.
Jun 14, 2013 · HE did. The biggest in India's stock-market history, straddling a boom that saw the BSE quadrupling its index to 4,387 in the span of a year and mirroring that rise, Mehta's own portfolio of stock holdings gained in value by close to 10 times to an estimated Rs 2,000 crore.
Apr 24, 2018 · The Securities scam of 1991-92 refers to a diversion of bank funds worth Rs 3,500 crore by Harshad Mehta and other brokers into the stock market selectively, causing it to surge & eventually...
The Harshad Mehta scam, also known as the "securities scam," shook the nation and left a lasting impact on the financial sector. He was the "Big Bull" who rose from humble beginnings to become the kingpin of India's stock market in the 1990s.
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.
Oct 20, 2020 · Harshad Mehta was often referred to as the 'Big Bull' of Dalal Street or the 'Amitabh Bachchan' of the Indian stock market - a tag that he earned due to his flamboyant lifestyle after becoming a celebrity-status stockbroker.
