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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 .
The Big Bull is a 2021 Indian Hindi-language film directed by Kookie Gulati, starring Abhishek Bachchan as Harshad Mehta loosely based on his life and the 1992 scam. [29] In movie Lucky Baskhar , a character named Harsha Mehra was based on Harshad Mehta and related to the securities scam, 1992
The income tax department had withdrawn certain notices pending against him, having entered into "some understanding" about the payment of arrears. [ 6 ] In recent times, Mundhra is often noted as the forerunner of other financial scamsters of modern India, including Harshad Mehta and Abdul Karim Telgi , who also operated with considerable ...
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]
During the 2001 and 2003 tax acts introduced more opportunities for tax avoidance because the gap between the capital gains and ordinary income tax remained the same as both rates were reduced by 5%. Finally, in the 2013 tax act, increased the tax on capital gains and ordinary income to 20 and 39.6% respectively. [17]
Harshad Mehta, committed fraud without bank receipts of ₹5 billion from State Bank of India and an individual scam of ₹14 billion using fake bank receipts. The Indian television series Scam 1992 is based on his life and fraudulent activity.
‘Tax avoidance is a key skill to building wealth’: Scott Galloway reveals 2 legal tactics the rich use to reduce their tax bills Jing Pan July 26, 2024 at 6:36 AM
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.