Story of Harshad Mehta: What Was The 1992 Securities Scam? What Happened to His Life After The Case Unraveled?

Story of Harshad Mehta: What Was The 1992 Securities Scam? What Happened to His Life After The Case Unraveled?

Story of Harshad Mehta: What Was The 1992 Securities Scam? What Happened to His Life After The Case Unraveled?Till the early 90s, banks in India were barred from directly investing in equity markets. Mehta, a master in his game, used a loophole in the system to squeeze capital from the banking sector and use it for artificially spiking the rate of shares. In the process, he ended up exponentially growing his personal wealth.