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Scam 1992 – The Harshad Mehta Story is an Indian Hindi-language biographical financial thriller streaming television series on SonyLIV directed by Hansal Mehta, with Jai Mehta serving as the co-director. [1]
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India , defrauding investors of over fifteen million USD.
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
In October 2020, he co-directed Sony Liv show Scam 1992 with his own son Jai Mehta. It was based on the 1992 Indian stock market scam committed by many stockbrokers including Harshad Mehta, the series is adapted from journalist Sucheta Dalal and Debashish Basu's 1992 book The Scam: Who Won, Who Lost, Who Got Away. [9]
Scam 1992, a docudrama series directed by Hansal Mehta was based on her and Debashis Basu's book The Scam. It was released in October 2020 and Dalal's character was played by Shreya Dhanwanthary . Select publications
It is the second installment in Scam franchise following Scam 1992. [ 4 ] [ 5 ] [ 6 ] It stars Gagan Dev Riar as the protagonist Abdul Karim Telgi with Mukesh Tiwari , Sana Amin Sheikh , Bharat Jadhav and Shaad Randhawa in pivotal roles.
In 1992, United States Senators John Kerry and Hank Brown became the co-authors of a report on BCCI, which was delivered to the Committee on Foreign Relations. The BCCI scandal was one of a number of disasters that influenced thinking leading to the Public Interest Disclosure Act (PIDA) of 1998 .
In December 1992, MMM-Invest was created as a voucher investment fund, a type of entity created to collect privatization vouchers. [8] It was renamed Russ-Invest in May 1995, to distance it from the MMM scheme. [8] The MMM Ponzi scheme was launched in February 1994, [9] promising annual returns of up to 3000 %. [10]