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'''Harshad Shantilal Mehta''' (29 July 1954 — 31 December 2001) was an Indian [[stockbroker]]. Mehta's involvement in the [[1992 securities scam|1992 Indian securities scam]] made him infamous as a [[market manipulation|market manipulator]].<ref>{{cite web |title=The securities scam of 1992 – CBI Archives |url=http://www.cbi.gov.in/fromarchives/harshadmehta_nw/harshadmehta.php |website=cbi.gov.in |publisher=CBI (Central Bureau of Investigation), India |access-date=22 May 2018}}</ref>
Of the 27 criminal charges brought against Mehta, he was only convicted of four, before his death (by sudden heart attack) at age 47 in 2001.<ref name="sebi1">{{cite web |title=Action against Harshad Mehta, Videocon, BPL and Sterlite (Press release 19 April 2001) |url=https://www.sebi.gov.in/media/press-releases/apr-2001/action-against-harshad-mehta-videocon-bpl-and-sterlite_17608.html |website=sebi.gov.in |publisher=SEBI (Securities and exchange board of India) |access-date=30 January 2018}}</ref> It was alleged that Mehta engaged in a massive [[stock manipulation]] scheme financed by worthless bank receipts, which his firm brokered for "ready forward" transactions between banks. Mehta was convicted by the [[Bombay High Court]] and the [[Supreme Court of India]]<ref name="SC upholds Harshad Mehta's conviction">{{cite news |title=SC upholds Harshad Mehta's conviction |url=http://articles.timesofindia.indiatimes.com/2003-01-14/india/27279459_1_securities-scam-conviction-mehta-and-two |archive-url=https://web.archive.org/web/20131023061215/http://articles.timesofindia.indiatimes.com/2003-01-14/india/27279459_1_securities-scam-conviction-mehta-and-two |url-status=dead |archive-date=23 October 2013 |access-date=14 October 2012 |newspaper=[[The Times of India]] |date=14 January 2003}}</ref> for his part in a financial scandal valued at {{INRConvert|100|b}} which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the [[Indian banking|Indian banking system]] and the [[Bombay Stock Exchange|Bombay Stock Exchange (BSE)]] transaction system, and consequently the [[SEBI]] introduced new rules to cover those loopholes. He was on [[trial]] for 9 years, until he died at the end of 2001.<ref
==Early life==
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