Harshad Mehta Scam: Story of India's Big Bull & 1992 Stock Market Scam #harsadmehta

Harshad Mehta: The Rise and Fall of the Big Bull of Dalal Street

Harshad Mehta was a name that once ruled the Indian stock market. A middle-class man from Gujarat, he climbed the ladder of success with nothing but ambition, intelligence, and a deep understanding of the financial system. In the early 1990s, he became a stock market sensation, earning the title “The Big Bull of Dalal Street” due to his aggressive trading style and booming influence on share prices.

Harshad started as a salesperson and worked his way up in the Bombay stock market. His confidence, flamboyant lifestyle, and charm made him a media favorite. From flashy cars and luxury homes to high-profile interviews, he appeared to be the symbol of India's economic liberalization era. But beneath this glittering surface was a complex web of fraud, manipulation, and systemic loopholes.

In 1992, journalist Sucheta Dalal broke the story that exposed Harshad Mehta's involvement in a ₹4,000 crore scam involving fake bank receipts (BRs) and illegal securities transactions. He had manipulated the banking system and used huge amounts of borrowed money to artificially inflate stock prices. This not only misled investors but also caused a massive crash in the market once the scam came to light.

The scam didn’t just affect the financial world — it shook the faith of common investors, banks, and the entire country. Harshad Mehta was arrested, and several lawsuits were filed against him. He spent time in jail and eventually died of a heart attack in 2001 while still fighting multiple legal cases.

Despite being one of the most controversial figures in Indian financial history, Harshad Mehta remains a symbol of ambition, risk-taking, and the dark side of unchecked capitalism. His story was later adapted into the highly acclaimed web series Scam 1992 — a gripping portrayal of his life, rise to fame, and dramatic downfall.

This video explores the extraordinary journey of Harshad Mehta — the man who once moved the markets with a whisper and lost it all in a storm of scandal. Watch till the end to uncover how a single individual exploited an entire system, changed Indian finance forever, and left behind a legacy of caution and curiosity.

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