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Oct 9, 2020 · 1. Harshad Mehta, a registered and well-known broker, manipulated the Bombay Stock Exchange (BSE) along with his partners by taking advantage of loopholes in the banking system. 2. Mehta...
Mar 25, 2022 · The securities scandal of 1992, with Harshad Mehta as its main player, is back in collective consciousness nearly three decades after it was perpetrated, thanks to Sony LIV's popular web series Scam 1992.
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.
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.
Oct 20, 2020 · Harshad Mehta and his family members were charged with 76 criminal cases with more than 600 civil suits. Shortly after Mehta died in Tihar jail, all criminal cases against him were abated but a sizeable number of civil suits to recover dues from the family remain intact.
Nov 29, 2016 · MUMBAI: Twenty-four years after the securities scam broke, a special court convicted Harshad Mehta’s brother Sudhir Mehta and five others, including senior bank officials and stock brokers, in a case relating to defrauding of National Housing Bank to the tune of more than Rs 700 crore.
Jul 5, 2016 · Ashwin Mehta’s tryst with judiciary began two-and-a-half decades ago, immediately after his fast-talking highroller brother Harshad got caught - first in a seemingly small payment crisis, and then in the mammoth scam involving a swathe of banks, high-flying bankers and market wizards.
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...
Twenty six years after stockbroker Harshad Mehta-led securities scam shook the nation, the Bombay high court (HC) on Thursday acquitted seven officers of the State Bank of India and State Bank...
"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.
