Who is Harshad mehta? The Harshad Mehta story podcast | Podcast on Scam 1992 | All information about Harshad mehta scam 1992|
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Harshad Shantilal Mehta was an Indian stockbroker, well known for his wealth and for having been charged with numerous financial crimes that took place during prime ministership of P.V. Narsimha Rao - 1992 securities scam.
Of the 27 criminal charges brought against him, he was only convicted of four, before his death (by sudden heart attack) at age 47 in 2001.[2] It was alleged that Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which his firm brokered for "ready forward" transactions between banks. Mehta was convicted by the Bombay High Court and the Supreme Court of India[3] for his part in a financial scandal valued at ₹INR24,000 Crores which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the Indian banking system, Bombay Stock Exchange (BSE) transaction system and SEBI further introduced new rules to cover those loopholes. He was on trial for 9 years, until he died at the end of 2001.
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