Financial Scams in India: #1 Harshad Mehta Case
Thursday, April 27, 2017, 4:48 PM
Harshad Mehta has fooled many investors by taking advantage of loop holes in the system. Mehta and his associates initiated a securities scam by diverting funds of about Rs 5,000 crore from the banks to stockbrokers between April 1991 to May 1992. After the scam was exposed, the stock markets crashed and Mehta was arrested and banned from trading in the stock markets.