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Harshad Mehta was a prominent and controversial stockbroker who manipulated the Bombay Stock Exchange in 1992, causing a financial scandal worth ₹100 billion. He was convicted of four charges before his death in 2001, and his case exposed the loopholes in the Indian banking system and the SEBI rules.
Learn how Harshad Mehta manipulated the Bombay Stock Exchange with fake bank receipts and cheques, causing a massive crash and losses of over ₹ 1000 crore. Find out the techniques, impact and consequences of the scam that exposed the loopholes of the Indian financial system.
Dec 31, 2001 · Harshad Mehta was a stockbroker who masterminded the 1992 stock market scam of over INR 4000 crore rupees in India. He was arrested, jailed and died of a heart attack in 2001. Learn more about his life, family, business and the impact of his scam on the market.
- Harshad Shantilal Mehta [1] The Quint
- Stockbroker
Oct 9, 2020 · Learn how Harshad Mehta, a broker, manipulated the Bombay Stock Exchange by using fake bank receipts and stamp papers to defraud banks of Rs 4,000 crore. Find out how the scam exposed loopholes in the system, led to a market crash, and triggered regulatory changes.
Scam 1992: The Harshad Mehta Story: With Pratik Gandhi, Shreya Dhanwanthary, Hemant Kher, Anjali Barot. The rise and fall of Harshad Mehta, a stockbroker who single-handedly took the stock market to great heights, is depicted.
- (159K)
- 2020-10-09
- Biography, Crime, Drama
- 60
2 days ago · After the scam was exposed, Harshad Mehta was arrested by the Central Bureau of Investigation (CBI) in 1992. He faced 72 criminal charges and over 600 civil suits. He was also banned from trading in the stock market. Despite spending many years fighting legal battles, Harshad Mehta could not escape the consequences of his actions.
Jul 7, 2022 · Jyoti Mehta, the widow of the late stock broker Harshad Mehta, accused the taxmen and custodian of harassing her family for three decades. She claimed that her husband died of medical negligence in prison and won more than 1,200 cases against the authorities.
