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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 .
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.
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:
Dec 31, 2001 · Born into a Gujarati Jain family, Harshad Mehta was a stockbroker who carried out the 1992 stock market scam, apparently, the biggest ever stock market scam in India. Harshad spent his early childhood years in Mumbai’s Kandivali, where his father, Shantilal, used to run a small textile business.
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.
Oct 9, 2020 · What made banks lend him huge sums of money? How did he put the stock market on steroids and take it on a dizzying ride, lifting some stocks by more than 4,000%? And how did it all end? Read on to...
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.
Aug 3, 2023 · His net worth was estimated to be between Rs. 2,000 crore and Rs. 4,000 crore during the height of his popularity, according to various reports. However, given to the secrecy surrounding his financial operations, these figures are primarily hypothetical and difficult to verify. Conclusion.
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.
