This forum may contain content not suitable for minors. By clicking "Enter", you confirm that you are 18 years of age or older and agree to proceed at your own discretion.
The 1992 Harshad Mehta scam, also known as the Indian securities scam, was a major financial scandal that shook the Indian stock market to its core. The scam, perpetrated by stockbroker Harshad Mehta, resulted in losses estimated to be around ₹5,000 crores (approximately $750 million USD) for investors and the government.
The scam came to light in April 1992, when the Securities and Exchange Board of India (SEBI) launched an investigation into Mehta's activities. The investigation revealed the extent of Mehta's manipulation, and he was subsequently arrested and charged with various crimes, including cheating, forgery, and conspiracy. movies4ubidscam 1992 the harshad mehta s1 new
Harshad Mehta was a Mumbai-based stockbroker who rose to prominence in the early 1990s. He was known for his aggressive and flamboyant style of trading, which earned him the nickname "The Big Bull." Mehta was a charismatic figure who seemed to have a knack for making money in the stock market. The 1992 Harshad Mehta scam, also known as
The scam began in 1992 when Mehta started using a technique called "bucket shop" or "cherry-picking," where he would manipulate stock prices by buying and selling shares in collusion with other brokers and bank officials. He would then use the manipulated prices to sell shares to unsuspecting investors, often at inflated prices. The scam began in 1992 when Mehta started