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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 .
Rebecca Mammen John is a Senior Advocate at the Supreme Court of India, and works primarily in the field of criminal defence.She has represented parties in several widely reported cases, including the families of victims of the 1987 Hashimpura massacre, Indian stockbroker Harshad Mehta, and the accused in the Aarushi murder case.
On 4 August 2020, secondary school students in Scotland received their Higher grades. Having also been unable to take their exams because of the pandemic, their grades were estimated by teachers, but the body awarding the qualifications was reported to have downgraded around a quarter of the marks awarded in order to "maintain credibility". [41]
Turkish authorities have arrested a student for cheating during a university entrance exam by using a makeshift device linked to artificial intelligence software to answer questions. The student ...
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]
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 scam involved 13 different exams conducted by Vyapam, for selection of medical students and state government employees (including food inspectors, transport constables, police personnel, school teachers, dairy supply officers and forest guards) where the final results were rigged.