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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]
Artificial Solutions is a multinational technology company that develops technology for conversational AI systems. The company's products have been deployed in a wide range of industries including automotive, [ 2 ] finance, [ 3 ] [ 4 ] [ 5 ] energy, entertainment, telecoms, [ 6 ] [ 7 ] the public sector, [ 8 ] [ 9 ] retail [ 10 ] [ 11 ] and ...
Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001. [1]
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 ...
[21] [22] [23] Some of the cases Jethmalani appeared in include — the defence of Indira Gandhi's alleged assassins, challenging the medical evidence deposed of Tirath Das Dogra, a forensic expert of AIIMS, on record; [24] defending Harshad Mehta in a stock market scam and the Narasimha Rao bribery case; [25] defending Ketan Parekh in a stock ...
In 1992, while serving as Chairman & Managing Director of the National Housing Bank, the bank's exposure of over ₹ 1,000 crore worth of re-purchase option (repo) based security trades to Harshad Mehta came to light. [3] [4] Pherwani had been regarded as Mehta's mentor. [5] Consequently, Pherwani stepped down from NHB. [4]