Harshad Mehta

High school (ages 12+)
People & Society

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https://smallwhale.org/articles/harshad-mehta

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1. When was Harshad Mehta born?July 29, 1954
2. Where was Harshad Mehta born?Kandivali, Bombay, India
3. What is Harshad Mehta known for?Orchestrating the 1992 Indian securities scam, leading to significant regulatory reforms
4. What is the career?Stockbroker; founder of Grow More Research and Asset Management
5. What is the legal proceedings?Faced 27 criminal charges; convicted of four before his death
6. Who was Harshad Mehta?Harshad Mehta was a well-known stockbroker in India during the 1980s and 1990s. He was called the 'Big Bull' because he could move the market with his trades.

Ready Forward Transactions: Short-term borrowing arrangements between banks, often involving government securities as collateral.
Bank Receipts: Documents issued by banks acknowledging receipt of funds or securities, which were falsified in the scam.
Market Bubble: A situation where asset prices rise rapidly and unsustainably, driven by speculation rather than intrinsic value.
Securities and Exchange Board of India (SEBI): India's primary regulator for the securities market, responsible for investor protection and market integrity.