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Oct 12, 2023 · The fact is, Harshad is irreplaceable in the show. Here, we highlight all the reasons why the handsome hunk will remain in our hearts as Abhimanyu Birla. Harshad Chopda brought life to the character: To make people connect with Abhimanyu Birla, Harshad has really put in his sweat and blood.
Oct 12, 2023 · Harshad Chopda's exit will welcome other actors on board. The fact is, Harshad is irreplaceable in the show. Here, we highlight all the reasons why the handsome hunk will remain in our hearts as Abhimanyu Birla
- Fact No. 1: Came to Mumbai Dirt Poor
- Fact No. 2: Became The “Big B” of The Stock Market
- Fact No. 3: The Most Treasured Man of The Income Tax Department
- Fact No. 4: Lived Life King Size
- Fact No. 5: Orchestrated India’s Biggest Scam Ever
- Fact No. 6: Got A Staggering Surge in Market Value
- Fact No. 7: The Biggest Stock Market Scam Exposed
- Fact No. 8: Poor Banking System
- Fact No. 9: Allegation Against Prime Minister
- Fact No. 10: Case Magnitude
Born in a lower-middle-class family, in Paneli Moti, Rajkot, Harshad Mehta came to Mumbai in search of a living. At the time, the Big Bull of Dalal street had only Rs 40 in his pockets. To survive in the city of dreams, he took meagre jobs for the next 8 yrs.
By the 1990s, Harshad Mehta had risen to such prominence in the share marketwith his relentless hard work and unwavering will, that he earned the title ‘Amitabh Bachchan of the stock market’.
In 1992, Harshad Mehta paid the highest income taxof Rs 24 cr, just a few weeks before the scam was exposed. In fact, some said that if he was alive and not caught, Harshad Mehta would have been richer than Mr Mukesh Ambani.
He owned a 12,000 sq. ft. lavish penthouse in Worli and a fleet of rare, luxurious cars like the Lexus Starlet and Toyota Corolla. Many people only dreamt of owning these in the 1990s.
Between April 1991 and 1992, Mehta manipulated Sensexin a way that it surged from just over 1,000 points to almost 4,500 points. This resulted in a huge scam of Rs 4,000 cr, which made it the biggest in India that was planned just by a single person. When adjusted for inflation, the scam would amount to Rs 24,000 cr.
In this scam, Rs 3,500 cr of funds from the banks were diverted to a group of stockbrokers, led by Harshad Mehta. These funds were then put into selective stocks, causing them to surge over a staggering 4,500 per cent.
Journalist Sucheta Dalal exposed the scam on 23rd Apr 1992 in the columns of the Times of India. Based on the scam, she co-wrote a book titled “The Scam: Who Won, Who Lost, Who Got Away” with Debashish Basu.
Thanks to the scandal, loopholes in the Indian banking system and the Bombay Stock Exchange (BSE) transaction system were exposed. Watchdog SEBIfurther introduced new rules to address the loopholes. Mehta was on trial for 9 yrs until he passed away in late 2001 due to a cardiac arrest in Tihar jail.
On 16th Jun 1993, when Mehta was out on bail, he publicly claimed that he had bribed the then Congress President and Prime Minister Mr P. V. Narasimha Rao of Rs 1 cr for getting Mehta out of the scandal case.
The CBI charged Mehta with 72 criminal cases, which included bribery, cheating, forgery, criminal conspiracy and falsification of accounts. He was also charged with over 600 civil action suits by banks and institutions regarding the money he owed them. Mehta had fooled 4 banks of an amount of Rs 1,700 cr.
After Scam 1992 Web Series: "Harshad Mehta was NOT the single biggest scamster of Independent India. Instead, he was trapped by bureaucrats, politicians and media journalists." 👉 A well-written, powerful story can turn the tables and flip people's perception on its head.
Aug 16, 2021 · It’s interesting you say that because while watching the show, one feels that irrespective of what occurred in Harshad’s professional circles, on the domestic front, he was a loving and caring family man.
Mar 19, 2018 · Harshad Chopda, while talking about his character in Colors' new show Bepannaah, said that despite him not being too similar with his character, he can very well associate with him and thus it was easy to relate and portray the emotions.
People also ask
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Oct 10, 2023 · Yeh Rishta Kya Kehlata Hai has been creating a solid buzz amongst the masses since its inception. After the leap, Harshad Chopda, Pranali Rathod and Karishma Sawant entered the Rajan Shahi show, and as expected, they received abundant love from fans for their performances.
