Audio

Harshad Mehta Scam 1990s ke liberalization phase mein hua jab India ka financial system abhi weak aur poorly regulated tha. Harshad Mehta ne banks ke Ready Forward deals ka misuse karke fake Bank Receipts ke through hazaaron crore ka paisa uthaya aur usse stock market mein daal kar shares ki prices…

Harshad Mehta Scam 1990s ke liberalization phase mein hua jab India ka financial system abhi weak aur poorly regulated tha. Harshad Mehta ne banks ke Ready Forward deals ka misuse karke fake Bank Receipts ke through hazaaron crore ka paisa uthaya aur usse stock market mein daal kar shares ki prices artificially pump ki. Isse market mein fake demand create hui aur aam investors FOMO mein aakar invest karne lage. 1992 mein journalist Sucheta Dalal ne is scam ko expose kiya, jiske baad market crash