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The 1992 scam collapsed the Indian stock market; around 40% of the market value or ₹1,000 billion was wiped out. It led the authorities to reconsider existing financial systems and restructure it. The first structural change was to record payments made for purchasing investments in reconciled bank receipts and subsidiary general ledgers to ...
Citibank began operations in 1902 in Calcutta ().[1] [2]In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India. [3]In 1992, Citibank India was alleged to have played the leading role in allowing or facilitating the market manipulation that drove up prices of shares on the Bombay Stock Exchange during the 1992 Indian stock market scam.
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 pair are working on Scam 2003: The Telgi Story and cast Gagan Dev Riar to play the lead. The second season of the franchise is a follow up to the lauded Scam 1992: The Harshad Mehta Story ...
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]
Hansal Mehta, who helmed Applause’s SonyLIV drama Scam 1992, has been named director and showrunner of Gandhi (working title) and Siddhartha Basu, who worked with Applause CEO Sameer Nair on the ...
New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, alleging the big bank failed to do enough to protect and reimburse victims of fraud.
Actress Shreya Dhanwanthary played Sucheta Dalal in Scam 1992, a Sony LIV's original series. It was based on her own book The Scam: Who Won, Who Lost, who Got Away. Actress Ileana D'Cruz has played Meera Rao, a character inspired by Sucheta Dalal in The Big Bull, a 2021 film which is also based on the same book. [9]