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Scam 1992

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Scam 1992

Harshad Mehta 1992



Harshad Mehta was a gujrati born in 29 july 1954 Paneli Moti.He lives in mumbai his father has a Store of cloths.He did some jobs for only 600Rs in 1900s.He did a work in Bombay Stock Exchange(BSE) as jober.


After sometime He started his own Demat account and investing money by taking some strategies.He also face a loss of 10 lakh.His account was ban for some year due to his loss.He takes some risk and invest some money.He started a company name Grow More after that he jumped in money market and taking loans from banks.He get the loop holes in the system.Harshad Mehta also named as Amitabh Bachan of BSE or Big Bull.


He Takes a loan of 500 crores from SBI without giving BR(Bank Receipt).When a staff of SBI given his statement to Sucheta Dalal when the Government Asked him about the loan of 500 he secretly given 500 crores to SBI.This is the big mistake of Harshad Mehta.He did the bigget scam in 1992.Harshad is the big tax payer in1992.CBI takes a strick action on Harshad and his brothers and his patners.He passed away in 31st december 2001 in mumbai.

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