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The web series Scam 1992: The Harshad Mehta Story is based on the systematic fraud committed by many stockbrokers including Harshad Mehta in the Indian stock market which made the entire securities system collapse. He committed a fraud of over 1 billion from the banking system to buy stocks on the Bombay Stock Exchange.When was the story of a scam told by Mehta?
^ "The Story of a Scam: Harshad Mehta, 1992". The Economic Transcript. 2017-02-07. Retrieved 2021-06-22. ^ Allen, F., Chakrabarti, R., & De, S. (2007). India's financial system. Available at SSRN 1261244. ^ Patnaik, Ila. Reforming India's financial system. OCLC 913427732. ^ Keshri, Shweta (1 October 2020).Who is Harshad Mehta and why is he famous?
Harshad Shantilal Mehta, also known as the ‘Big Bull’ and ‘Amitabh Bachchan’ of the Indian stock market was a stockbroker, responsible for the biggest financial scam ever witnessed in India. To put things in perspective, the scam orchestrated by the big bull, Harshad Mehta was:What is the 1992 Indian stock market scam?
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.