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: Refers to the series chronicling the rise and fall of stockbroker Harshad Mehta.
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: Shorthand for Scam 1992: The Harshad Mehta Story , the biographical financial thriller series directed by Hansal Mehta.
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The fallout was catastrophic. When the fraud was exposed, the stock market crashed, wiping out over a third of its total valuation and erasing wealth estimated at ₹1 lakh crore (₹100 billion). Thousands of retail investors, who had been lured by the "Big Bull's" apparent success, suffered crippling losses when the market collapsed.
In 1992, Harshad Mehta, a stockbroker and businessman, was involved in a massive financial scandal that led to a stock market crash in India. Mehta was accused of rigging the market, using fake companies, and siphoning off funds from banks. The scandal resulted in losses of over ₹10,000 crores (approximately $1.5 billion USD) and led to a significant overhaul of India's financial regulations.
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Scam 1992 is a critically acclaimed Indian Hindi-language biographical financial thriller web series directed by Hansal Mehta, with a stellar portrayal of Harshad Mehta by Pratik Gandhi. It is widely considered one of the best Indian web series, covering the life and scam of the stockbroker who single-handedly took the Bombay Stock Exchange to new heights before the massive 1992 scandal was revealed. secured by government bonds.
The scheme was eventually exposed by financial journalist (played by Shreya Dhanwanthary ), leading to the crash of the Indian stock market and a nationwide investigation by the CBI . Safe and Legal Alternatives
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Mehta utilized fraudulent to orchestrate elaborate Ready Forward (RF) deals between major banking institutions. In a legal RF deal, banks borrowed short-term capital from one another, secured by government bonds. Mehta colluded with corrupt bank officials to issue fake BRs—essentially receipts for bonds that did not actually exist.
