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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.
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.
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.
- (158K)
- 2020-10-09
- Biography, Crime, Drama
- 60
Oct 9, 2020 · Learn how Harshad Mehta, a broker, manipulated the Bombay Stock Exchange by using fake bank receipts and stamp papers. Find out how he defrauded the banks of Rs 4,000 crore, how the scam was exposed, and how it changed India's financial regulatory system.
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.
Mar 25, 2022 · Learn how Harshad Mehta and his associates exploited the loopholes in the banking and securities system to create a stock market bubble in 1992. Find out the roles of RBI, CRR, SLR, ready forward, bank receipts and more in this detailed FAQ.
