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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.
Oct 21, 2020 · Harshad Mehta changed the way one looks at the stock market and how brokers trade. The securities scam of 1992, involving Mehta, led to sweeping stock market reforms and exposed loopholes in the country's banking system.
Oct 21, 2020 · Harshad Mehta changed the way one looks at the stock market and how brokers trade. The securities scam of 1992, involving Mehta, led to sweeping stock market reforms and exposed loopholes in the country's banking system.
Aug 15, 2022 · There was one other fallout: The Harshad Mehta scam was among the best researched and most data-heavy investigative reports run by Indian media, and ignited interest in what is today called data journalism. Mehta was arrested in November 1992 and sentenced to five years rigorous imprisonment. He appealed but died in jail in 2001 of cardiac arrest.
The 1992 Harshad Mehta scam could have been prevented by banks (by not issuing cheques in broker’s name) or the RBI (proper audit of the banks) or even Harshad Mehta himself (by just being a broker in the Indian money markets), but the magic of high-return-in-short-term entices us all. We all want that 4,400% return in 3 months.
Oct 21, 2020 · Harshad Mehta changed the way one looks at the stock market and how brokers trade. The securities scam of 1992, involving Mehta, led to sweeping stock market reforms and exposed loopholes in the country's banking system.
Jul 5, 2016 · “The Harshad Mehta Case catapulted the status of Mumbai-based lawyers,” reminisces veteran lawyer Rohit Kapadia, who appeared for National Housing Bank in the Harshad Mehta scam case. “This was the first time they started charging Rs 1 lakh per appearance.
