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Mehta's success was meteoric. He became known as the "Big Bull" of the Indian stock market, and his name was on everyone's lips. He was seen as a genius, a master of the market, and his stock prices seemed to defy gravity. He invested in various sectors, including real estate, and his lavish lifestyle was the envy of many.
The scam began to unravel in 1992, when a journalist, Sucheta Dalal, wrote an exposé on Mehta's alleged irregularities. The Securities and Exchange Board of India (SEBI) launched an investigation, which revealed a massive scam involving over ₹4,500 crores (approximately $600 million USD). Download - Scam 1992 the Harshad Mehta Story S...
The consequences were severe. Mehta spent several years in jail, and his family was left to pick up the pieces. His wife, Bhavna, fought to clear his name, but ultimately, Mehta was found guilty and sentenced to 5 years in prison. Mehta's success was meteoric