HARSHAD MEHTA SCAM 1992 share market's biggest scam harshad Mehta

HARSHAD MEHTA  he is the stock broker
At Bombay stock exchange he was born in 29 July 1954 in a gujrati family .
He is known for his flamboyant personality.
 HARSHAD MEHTA and his brother ASHWIN MEHTA together start the stock broker business named
( Grow more) initially he did a jobers job to understand and learn how market works.

HARSHAD MEHTA was the highest income tax payers more than Ambani's in 1992 he pays the highest income tax of 24 crores.


Harshad Mehta and his brother ashwin
Become the big bull of stock market they operate the stock in stock market by doing insider trading.
He pulls the price of ACC cement to  10000 however the fundamentals of company that time not so good.
That time fight between bear gang and Bulls are the talk of the town Harshad pulls the price by using bank's fund he use the bank's fund for trading which is illegal
he found loopholes in it.

Jarnalist suchita dalal: journalist and employee of state bank of india recognised the scam according to the harshad Mehta and news reporters there are many political connections in that scam.

Harshad Mehta bribe the  pmo of India , P.V. Narasimha Rao he named pm for taking bribe and say prime minister also involved in the scam however it's not proved till date.
After exposing multiple cases filled on her

Almost 27 cases filled against him his brother till fighting that cases in court his brother is lawyer right now.
According to the report he passed away in 31 December 2001 in Thane Maharashtra India.
He is well known as the big bull ๐Ÿ‚ of stock market.

Post by : simplystock2
Thankyou 

Comments

Post a Comment

Popular posts from this blog

WHY PAYTM CRASHED?

Image
Abaut Paytm :   Paytm is a payment merchant it's the India's initial online payment app which is successful and all shop, grocerie stores, etc are started using there QR code.  Founder of paytm:   Vijay Shekhar Sharma  Paytm was founded in 2010  Reason why paytm falling:::       RBI reserve Bank of India says persistent non-compliances and ongoing material supervisory concerns within the Paytm . According to the news accused Paytm of financial crimes, including falsifying customer information and money laundering and paytm share crashed and hits lower circuit continuously. First day it fall 20% after a day it again fall 20% on 13 febuary the price of paytm share is 380inr.  52 week high of paytm share is 998.30rs It fall more than 60%  https://www.simplystock2.online/2024/02/nse-national-stock-exchange-conduct.html
Read more

what is RSI ?

Image
What is RSI? Relative strength index is the Full form of RSI  The relative strength index was developed by  J. Welles Wilde rand published in a 1978 book,  New Concepts in Technical Trading Systems. Mostly RSI show overbought zone and over sold zone  trader and investors used on chart for their investment. You can use it on any broker for free on trading view you can use it. It's most popular indicator it's a technical indicator. RSI show the price movements. It's a technical indicator used by mostly trader and investors it analyze the market 
Read more

NIFTY 50 WILL REACH 23000 IN ?

NIFTY 50:  on 21 March 2024 nifty 50 opens at 21,989 where privious closing of nifty 50 is at 21,839 nifty 50 opens gap up  More than 100+ points . Nifty 50 touch the day high of 22,080 where market sentiment is bullish nifty 50 gains privious day's losses . Nifty 50 can touch the level of 23,000 in year 2024 cause market sentiment was positive bullish and possibility of current government to come in government again is very high. Top gainers for nifty 50:  HDFC BANK RELIANCE LT TCS ITC  Kotak Mahindra Bank AXIS BANK M&M ETC are the top gainers for nifty 50 Where from nifty 50 top 50 companies  43 companies are in positive return bullish side and 7 are in negative return. POST BY:  simplystock2
Read more