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Mehta used the ready forward deal and applied it to the Bank Receipts system of the Indian financial systems. This system was the most flawed system as the Janakiraman Committee restructured the entire Bank Receipts system after the 1992 scam. [11] Mehta used forged BR's to gain unsecured loans, and used several small banks to issue BRs on demand.
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 .
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]
Haridas Mundhra (Hindi: हरिदास मूंदड़ा; died January 6, 2018) was a Calcutta-based stock speculator who was found guilty and imprisoned in the first big financial scandal of newly independent India in the 1950s.
Patel was an official who helped prepare 14 budgets, an ex-governor of the Reserve Bank of India and had headed The London School of Economics. [8] But Patel declined. Rao then chose Manmohan Singh for the job. Manmohan Singh, an acclaimed economist, played a central role in implementing these reforms.
Analysts expect AI spending to continue growing at the expense of other traditional server equipment. Revenue at Nvidia's gaming segment rose to $2.49 billion, above analyst estimates of $2.4 ...
Mehta is an Indian surname, derived from the Sanskrit word mahita meaning 'great' or 'praised'. It is found among several Indian religious groups, including Hindus , Jains , Parsis , and Sikhs . Among Hindus, it is used by a wide range of castes and social groups, including Rajputs , Brahmins , Tyagi and Bania .
The CBI registered a disproportionate assets case against a retired deputy manager of Punjab National Bank, Gokulnath Shetty, a key accused, for allegedly amassing wealth 200 per cent more than his known sources of income. [15] Nirav Modi, who disappeared in February 2018, was in the British capital since June 2018.