indian scam

The Harshad Mehta scam was one of India’s biggest financial frauds, unfolding in 1992. Harshad Mehta, a stockbroker, exploited loopholes in the banking system to manipulate stock prices, using fake bank receipts and illegally diverting money worth over ₹4,000 crores. His actions caused a massive stock market crash and exposed deep flaws in India’s financial regulations. The scandal shook the nation and led to major reforms in the stock market and banking system.