Search results
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 .
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.
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:
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...
Aug 3, 2023 · Harshad Mehta Net Worth, widely known as the “Big Bull” of the Indian stock market, rose to popularity in the late 1980s and early 1990s. While there have been countless rumors about his net worth, the precise sum remains a mystery due to the nature of his work.
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.
Jun 23, 2021 · The greed for money led to India’s biggest stock market scam of 1992 when Harshad Mehta, also known as the Big Bull of Dalal Street, deceived the entire nation of Rs 4,000 cr. 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.
