Founder-Hexpertify.c... • 1y
How to Make Billion Dollar by scamming people ? Big Fat Corporate Scandal #2 The Harshad Mehta Scam Harshad is a Indian Stock Broker involved exploiting the banking system to manipulate the stock market.Mehta found a loop hole in the banking system and used it for manipulation the Indian Stock market. Mehta colluded with bank officials&Politicians to issue fake Bank Receipts which were essentially guarantees for short-term interbank loans,intstead of using the funds to the orginal purpose Mehta artificially pumped the prices of certain stocks ,creating artificial demand then sold these inflated stocks for profits. In 1992 Journalist Sucheta Dalal published a series of articles in The Times of India exposing his scam then CBI and SEBI started to investigate and Arrested Mehta facing numerous charges including criminal conspiracy, cheating, and forgery. Those politicians who were his partners escaped using their influence.In 2001 Mehta died of heart attack in prison.
Founder - Burn Inves... • 8m
In the last few years, the returns from the Indian banking sector have not been very impressive. The PE ratio and PB ratio are all below their averages. Currently, the results of HDFC Bank and Kotak Mahindra Bank will decide whether banking stocks or
See MoreFounder And CEO Of F... • 7m
Stock Market Today: Over 250 BSE Stocks Hit 1-Year Highs, Investors Gain Nearly ₹4 Lakh Crore Stock Market Today: HDFC Bank, Persistent Systems, Dixon Technologies, and Policybazaar Touch 52-Week Highs on BSE HDFC Bank and Persistent Systems surged
See MoreTech guy with a busi... • 7m
Last night I’ve seen the movie “Lucky Baskhar”, and it exactly shows how Indian economy has got such a crisis during the times of Harshad Mehta. Yeah, I know it’s a scripted and it’s not an original one, but it portrays the scenes inspired by true in
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