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Showing posts from January, 2022

SCAM 1992: The Story of ‘BIG BULL’

The scam 1992 is the largest scam in the history of indian stock market. It was a market manipulation carried out by Harshad shantilal Mehta with other bankers on BSE (Bombay stock exchange). The scam caused significant disruption to the Indian stock market.         Harshad Mehta born in a ordinary middle class family, on the year 1954 in rajkot, Gujarat. At the age of 22(1954) he completed his b.com in 1976 from lala lajpatrai college, mumbai. In the year of 23 he had a dream to be rich and live a luxury life, so he found a way, that was stock market. Because he knew that, investing stock market made a lot of people rich, but he didn't have the money for investing stocks, so he joined in a stock market broking firm as a jobber, and he used his canvasing skill and brain to best for this job. He made profit for the firm, and also he learned about stock marketing and he made many connections with bankers, and companies. At the age of 30 (1984) he started his own stock broking firm. C