Which are the biggest scams in Indian Stock Markets and what Harshad Mehta did?
Which are the biggest Stock market scams that ever happened in India?
Harshad Mehta case is legendary, he seem to made a lot of money from Stock Market. Can stock guru probably explain the case in detail!!!
Scams in Stock Market are not rare. Some get caught and many not.
The common scam is Insider Trading. Insider Trading is the most common crime done in stock markets. The management of company is involved most of the frauds. Management leaks the board room matters to oursiders.
Harshad Mehta Case in details
Harshad Mehta took advantages of bankers faith in him. He manipulated the money of banks to invest in stock market.
He took money from banks and invested in stock markets. He took advatage of Ready Forward and Bank Receipts. He took blank cheques from banks and bought shares from them.