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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. [1]
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 Mr Harshad Mehta and politicians on the Bombay Stock Exchange. That scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD.
Oct 9, 2020 · Here are 10 key points about the Harshad Mehta scam of 1992: 1. Harshad Mehta, a registered and well-known broker, manipulated the Bombay Stock Exchange (BSE) along with his partners by...
Mar 25, 2022 · What was Harshad Mehta’s role in the Securities Scam? Harshad Mehta was a stock market player as well as a money market broker. He was the favoured broker of State Bank of India and its subsidiaries, National Housing Bank, UCO Bank and ANZ Grindlays.
Aug 18, 2020 · Claimed to be one of the biggest stock market scams committed in India, this fraud was systematically executed by stockbroker Harshad Mehta. It paved the way to a complete structural change of the financial security system of India bringing in a slew of reforms in stock transactions.
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 19, 2024 · Overview of the Harshad Mehta Scam. The Harshad Mehta scam was about exploiting loopholes in India's banking system to funnel money into the stock market. Mehta and his associates found creative ways to tap into bank funds and use them to artificially inflate stock prices.
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.
Aug 15, 2022 · Even though it wiped out over a third of the market valuation, the securities scam of 1992, popularly known as the Harshad Mehta scam, introduced a bouquet of historic changes. At a time when...
