Harshad Mehta Scam: Career He Tried His Hand at Various Jobs
Harshad Mehta Scam: Career He Tried His Hand at Various Jobs
Harshad Mehta Scam: Career He Tried His Hand at Various Jobs
One of the greatest scams in Indian financial history occurred in 1992, by a man
widely known as ‘The Big Bull’ Mr. Harshad Mehta
Mehta allegedly committed a fraud of over 1000 crores from the banking system
of India to buy stocks on the Bombay Stock Exchange.
The game went on as long as the stock prices kept going up, and no one had a
clue about Mehta’s modus operandi.
Exposure:
END
With this Breaking news all senior officers got alerted and started asking money
and at the same time the stock value of his portfolio was also decreased and was
unable to pay the money back.
November 1992
Securities and Exchange Board of India banned him from the stock market and
related activities for life.
Affected
References
http://web.b.ebscohost.com/ehost/detail/detail?vid=3&sid=d97f64e1-7a7d-4029-8862-bfa9d09d937d
%40pdc-v-sessmgr05&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=9301080679&db=crh
https://en.wikipedia.org/wiki/Harshad_Mehta
https://economictranscript.wordpress.com/2017/02/07/the-story-of-a-scam-harshad-mehta-1992/
http://web.b.ebscohost.com/ehost/detail/detail?vid=3&sid=d97f64e1-7a7d-4029-8862-bfa9d09d937d
%40pdc-v-sessmgr05&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=9301080679&db=crh
https://www.indiatoday.in/magazine/cover-story/story/19920531-securities-scam-harshad-mehta-
throws-banking-system-stock-markets-into-turmoil-766377-2013-06-14