#power of the Harshad Mehta #trending #shortfeed #shorts #short #harshadmehta #stockmarket
#power of the Harshad Mehta #trending #shortfeed #shorts #short #buisness#harshadmehta #stockmarket
Harshad Mehta was a stockbroker who was involved in the 1992 Indian securities scam, which was valued at ₹30,000 crores ¹. He was born on July 29, 1954, in Paneli Moti, Rajkot district, into a Gujarati Jain family ¹. Mehta's early childhood was spent in Borivali, where his father was a small-time textile businessman ¹. He did his early study in Janta Public School and completed his (link unavailable) in 1976 from Lala Lajpatrai College ¹.
Mehta started his career as a salesperson in the Mumbai office of New India Assurance Company Limited, but got interested in the stock market and joined a brokerage firm ¹. He moved to a lower-level clerical job at the brokerage firm Harjivandas Nemidas Securities, where he worked for the broker Prasann Pranjivandas Broker, whom he considered his "Guru" By 1990, Mehta had risen to a position of prominence in the Indian securities industry, with the media touting him as "Amitabh Bachchan of the Stock market" ¹. He founded Grow More Research and Asset Management and started trading heavily in the shares of Associated Cement Company, which eventually rose from ₹200 to nearly ₹9,000 ¹.
Mehta's scheme was financed by supposedly collateralized bank receipts, which were in fact uncollateralized ¹. He used fake bank receipts to gain unsecured loans and drove up the prices of stocks, which collapsed when the scam was exposed in April 1992 ¹ ². Mehta was convicted by the Bombay High Court and the Supreme Court of India for his part in the financial scandal ¹. He died on December 31, 2001, at the age of 47, due to a heart attack ¹.
Here's more information about Harshad Mehta:
The Scam:
- Harshad Mehta manipulated the stock market by creating artificial demand for certain stocks,driving up their prices.
- He used fake bank receipts to secure loans from banks, which he then used to buy more stocks, further inflating prices.
- He also bribed bank officials and manipulated the system to get unsecured loans.
Investigation and Conviction:
- The scam was exposed in April 1992, and Mehta was arrested.
- He was charged with fraud, cheating, and forgery.
- In 1994, he was convicted by the Bombay High Court and sentenced to 5 years in prison.
- In 2001, the Supreme Court upheld his conviction and sentenced him to 5 years in prison.
Personal Life:
- Mehta was married to Jyoti Mehta and had a son, Aatur Mehta.
- He was known for his lavish lifestyle and owned several luxury cars and properties.Legacy:
- The Harshad Mehta scam led to a significant overhaul of the Indian financial system, with new regulations and safeguards put in place.
- Mehta's story has been the subject of several books, films, and TV shows, including the popular web series "Scam 1992".
Books:
- "The Scam: Who Won, Who Lost, Who Got Away" by Debashis Basu and Sucheta Dalal
- "Harshad Mehta: The Untold Story" by Saurabh Mukherjea
Films and TV Shows:
- "Scam 1992" (2020) - a web series based on Mehta's life and the scam.
- "The Big Bull" (2021) - a film based on Mehta's life, starring Abhishek Bachchan.
Let me know if you'd like more informationHere's more information about Harshad Mehta:
Early Life and Education:
- Mehta was born on July 29, 1954, in Paneli Moti, Rajkot district, Gujarat.
- He completed his schooling from Janta Public School and graduated from Lala Lajpatrai College in 1976.
Career:
- Mehta started his career as a salesperson in the Mumbai office of New India Assurance Company Limited.
- He later joined Harjivandas Nemidas Securities as a clerk and rose to become a prominent stockbroker.
The Scam:
- Mehta's scam involved manipulating the stock market by creating artificial demand for certain stocks, driving up their prices.
- He used fake bank receipts to secure loans from banks, which he then used to buy more stocks, further inflating prices.Exposure and Aftermath:
- The scam was exposed in April 1992, and Mehta was arrested.
- He was charged with fraud, cheating, and forgery, and his assets were seized.
- Mehta's scam led to a significant overhaul of the Indian financial system, with new regulations and safeguards put in place.
Legal Battles:
- Mehta was convicted by the Bombay High Court in 1994 and sentenced to 5 years in prison.
- He appealed to the Supreme Court, which upheld his conviction in 2001.
- Mehta died on December 31, 2001, while out on bail.
In Popular Culture:
- Mehta's story has been the subject of several books, films, and TV shows, including the popular web series "Scam 1992".
- He has been portrayed as a symbol of greed and corruption in Indian popular culture.
Lessons Learned:
- Mehta's scam highlighted the need for stricter regulations and oversight in the Indian financial system.
- It also led to increased awareness about the risks of market manipulation and the importance of ethical investing practices.ch
Видео #power of the Harshad Mehta #trending #shortfeed #shorts #short #harshadmehta #stockmarket канала Motivation Ke Saath
Harshad Mehta was a stockbroker who was involved in the 1992 Indian securities scam, which was valued at ₹30,000 crores ¹. He was born on July 29, 1954, in Paneli Moti, Rajkot district, into a Gujarati Jain family ¹. Mehta's early childhood was spent in Borivali, where his father was a small-time textile businessman ¹. He did his early study in Janta Public School and completed his (link unavailable) in 1976 from Lala Lajpatrai College ¹.
Mehta started his career as a salesperson in the Mumbai office of New India Assurance Company Limited, but got interested in the stock market and joined a brokerage firm ¹. He moved to a lower-level clerical job at the brokerage firm Harjivandas Nemidas Securities, where he worked for the broker Prasann Pranjivandas Broker, whom he considered his "Guru" By 1990, Mehta had risen to a position of prominence in the Indian securities industry, with the media touting him as "Amitabh Bachchan of the Stock market" ¹. He founded Grow More Research and Asset Management and started trading heavily in the shares of Associated Cement Company, which eventually rose from ₹200 to nearly ₹9,000 ¹.
Mehta's scheme was financed by supposedly collateralized bank receipts, which were in fact uncollateralized ¹. He used fake bank receipts to gain unsecured loans and drove up the prices of stocks, which collapsed when the scam was exposed in April 1992 ¹ ². Mehta was convicted by the Bombay High Court and the Supreme Court of India for his part in the financial scandal ¹. He died on December 31, 2001, at the age of 47, due to a heart attack ¹.
Here's more information about Harshad Mehta:
The Scam:
- Harshad Mehta manipulated the stock market by creating artificial demand for certain stocks,driving up their prices.
- He used fake bank receipts to secure loans from banks, which he then used to buy more stocks, further inflating prices.
- He also bribed bank officials and manipulated the system to get unsecured loans.
Investigation and Conviction:
- The scam was exposed in April 1992, and Mehta was arrested.
- He was charged with fraud, cheating, and forgery.
- In 1994, he was convicted by the Bombay High Court and sentenced to 5 years in prison.
- In 2001, the Supreme Court upheld his conviction and sentenced him to 5 years in prison.
Personal Life:
- Mehta was married to Jyoti Mehta and had a son, Aatur Mehta.
- He was known for his lavish lifestyle and owned several luxury cars and properties.Legacy:
- The Harshad Mehta scam led to a significant overhaul of the Indian financial system, with new regulations and safeguards put in place.
- Mehta's story has been the subject of several books, films, and TV shows, including the popular web series "Scam 1992".
Books:
- "The Scam: Who Won, Who Lost, Who Got Away" by Debashis Basu and Sucheta Dalal
- "Harshad Mehta: The Untold Story" by Saurabh Mukherjea
Films and TV Shows:
- "Scam 1992" (2020) - a web series based on Mehta's life and the scam.
- "The Big Bull" (2021) - a film based on Mehta's life, starring Abhishek Bachchan.
Let me know if you'd like more informationHere's more information about Harshad Mehta:
Early Life and Education:
- Mehta was born on July 29, 1954, in Paneli Moti, Rajkot district, Gujarat.
- He completed his schooling from Janta Public School and graduated from Lala Lajpatrai College in 1976.
Career:
- Mehta started his career as a salesperson in the Mumbai office of New India Assurance Company Limited.
- He later joined Harjivandas Nemidas Securities as a clerk and rose to become a prominent stockbroker.
The Scam:
- Mehta's scam involved manipulating the stock market by creating artificial demand for certain stocks, driving up their prices.
- He used fake bank receipts to secure loans from banks, which he then used to buy more stocks, further inflating prices.Exposure and Aftermath:
- The scam was exposed in April 1992, and Mehta was arrested.
- He was charged with fraud, cheating, and forgery, and his assets were seized.
- Mehta's scam led to a significant overhaul of the Indian financial system, with new regulations and safeguards put in place.
Legal Battles:
- Mehta was convicted by the Bombay High Court in 1994 and sentenced to 5 years in prison.
- He appealed to the Supreme Court, which upheld his conviction in 2001.
- Mehta died on December 31, 2001, while out on bail.
In Popular Culture:
- Mehta's story has been the subject of several books, films, and TV shows, including the popular web series "Scam 1992".
- He has been portrayed as a symbol of greed and corruption in Indian popular culture.
Lessons Learned:
- Mehta's scam highlighted the need for stricter regulations and oversight in the Indian financial system.
- It also led to increased awareness about the risks of market manipulation and the importance of ethical investing practices.ch
Видео #power of the Harshad Mehta #trending #shortfeed #shorts #short #harshadmehta #stockmarket канала Motivation Ke Saath
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