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Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker and businessman also a convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹30,000 crore) led him to gain infamy for market manipulation. [1] Of the 27 criminal charges brought against Mehta, he was only convicted of four, before his death (by sudden heart attack) at age 47 in 2001. [2]
Dec 31, 2001 · Harshad Mehta was serving his term in the Thane Prison when he complained of chest pain and was taken to Thane Civil Hospital. On 31 December 2001, Harshad Mehta died of a heart ailment in the hospital. Since the scam came to light, several movies and web-series, inspired by Harshad Mehta’s life, have been released. In 2020, a Hindi web series, “Scam 1992 – The Harshad Mehta Story,” based on Harshad’s life, was released on Sony LIV. ...
Oct 9, 2020 · The scam shook the country and ultimately changed the rules of the game on Dalal Street. Here are 10 key points about the Harshad Mehta scam of 1992: 1. Harshad Mehta, a registered and well-known ...
Oct 21, 2020 · The self styled godman Chandraswami from Scam 1992: The Harshad Mehta Story betrayed Harshad Mehta who believed in Swami ji till the very end. Know more about Swamiji on ScoopWhoop.
Wiki/Biography. Harshad Mehta was born on Thursday, 29 July 1954 (age 47 years at the time of death) in Paneli Moti, Rajkot, Gujarat. He spent his early childhood years in Mumbai’s Kandivali, where his father used to run a small textile business. Later, his family moved to Raipur, Chhattisgarh, where Harshad completed his schooling.
Oct 17, 2020 · In 2014, Jyoti Mehta sued a Mumbai-based broker who owed six crore to Harshad Mehta since 1992. She won the case in 2019. 4. Sucheta Dalal. Shreya Dhanwanthary played the role of journalist and ...
Aug 19, 2024 · The Harshad Mehta scam had a profound and lasting impact on the Indian stock market: 1. Immediate Crash: The most immediate impact was a severe stock market crash. The BSE Sensex, which had risen to 4467 points in April 1992, crashed to 2529 points by August - a fall of over 43%. 2.
Mar 25, 2022 · What was Harshad Mehta’s role in the Securities Scam? Harshad Mehta was a stock market player as well as a money market broker. He was the favoured broker of State Bank of India and its subsidiaries, National Housing Bank, UCO Bank and ANZ Grindlays. While the banks were supposed to be trading securities with other banks, the funds were mostly credited to Harshad Mehta’s individual account. Harshad used the funds for his stock market operations, and peddling the replacement cost theory ...
Jun 23, 2021 · Here are 10 facts about him. This article covers: 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.
Jul 7, 2022 · Harshad Mehta, known as the Big Bull, died in Thane jail on December 31, 1991 after 54 days of custody. Nearly 21 years after the scam-accused stock broker Harshad Mehta died of a heart attack in ...
