Scam 1992: Unveiling the Scandal That Shook India’s Financial World By Shlok S Baheti
The story of Harshad Mehta and the 1992 Indian financial scandal is captivating and dramatic. It shook India’s financial markets and exposed deep flaws in the system. The 2020 Sony LIV series, Scam 1992: The Harshad Mehta Story, based on the book The Scam by journalist Sucheta Dalal and her husband Debashis Basu, presents a riveting portrayal of this historic event. Let's explore the story behind the series and its real-life implications. The Rise and Fall of Harshad Mehta Harshad Mehta, known as the “Big Bull” of the Indian stock market, achieved remarkable success in the late 1980s and early 1990s. His rapid rise was marked by aggressive trading and a dramatic flair. However, his involvement in one of India’s largest financial scandals defined his legacy. Scam 1992 unfolded when Mehta exploited loopholes in the Indian financial system to manipulate the stock market. He orchestrated a massive scheme involving the illegal siphoning of funds from banks, leading to a stock m...