HARSHAD MEHTA SCAM
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HARSHAD MEHTA SCAM
Harshad M Mehta was an Indian stockbroker, well known for his wealth and for having been charged with numerous financial crimes that took place in 1992. Of the 27 criminal charges brought against him, he was only convicted of four, before his death at age 47 in 2001. It was alleged that Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which his firm brokered in "ready forward" transactions between banks. Mehta was convicted by the Bombay High Court and Supreme Court of India for his part in a financial scandal valued at ₹49.99 billion (US$740 million) which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the Bombay Stock Exchange (BSE) transaction system and SEBI further introduced new rules to cover those loopholes.
sanjeev- Posts : 4
Join date : 2016-02-25
Age : 31
Location : chennai
Re: HARSHAD MEHTA SCAM
Dear sanjeev
Now a days such types of crimes are reduced but fraudulant activity exist in badla and carry forward transaction.
If you trace any such case please try to pushin.
A.G.R
Now a days such types of crimes are reduced but fraudulant activity exist in badla and carry forward transaction.
If you trace any such case please try to pushin.
A.G.R
Dr.A.Govindarajan- Posts : 5
Join date : 2016-02-18
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