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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.
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.
Oct 9, 2020 · Learn how Harshad Mehta, a broker, manipulated the Bombay Stock Exchange by using fake bank receipts and stamp papers to defraud banks of Rs 4,000 crore. Find out how the scam exposed loopholes in the system, triggered investigations and reforms, and ended in Mehta's death in jail.
Mar 25, 2022 · Learn how Harshad Mehta and his associates exploited the loopholes in the banking system and the stock market to create a securities scam in 1992. Find out the roles of RBI, PSUs, brokers, banks and the web series Scam 1992 in this detailed FAQ.
Apr 27, 2024 · The 1992 Indian stock market scam is a dark chapter in India’s financial history, profoundly impacting investors and regulators alike. This scandal, which unfolded against the backdrop of economic liberalization, highlighted the dangers of unchecked greed and unethical practices in the stock market.
Feb 27, 2020 · Harshad Mehta was a stock market trader who used fake bank receipts and stamp papers to inflate share prices and make huge profits. Learn how he exploited the loopholes in the Indian banking system and the consequences of his scam.
Oct 20, 2020 · The high-profile scam involving infamous stockbroker Harshad Mehta revealed the gaping loopholes India’s banking sector — a problem that still leads to countless bank frauds in the country. It has been nearly three decades since the securities scam of 1992 was unearthed.
