The Ascendancy and Decline of Harshad Mehta: India’s Prominent Bull
The Ascendancy and Decline of Harshad Mehta: India’s Prominent Bull Harshad Mehta, commonly known as the "Big Bull" of the Indian stock market, is a figure of considerable controversy and intrigue in the annals of India's financial landscape. His rapid ascent and subsequent downfall during the 1992 securities scandal left a lasting impact on the country's financial framework, leading to extensive reforms. The Emergence of the Big Bull Born in 1954, Harshad Mehta was raised in a middle-class household and entered the stock market after a series of various jobs. His keen insight into market mechanisms and bold tactics earned him the moniker of the "Amitabh Bachchan of the Bombay Stock Exchange." Mehta utilized his charm and financial acumen to draw in investments, amassing significant wealth in a remarkably short time. The 1992 Scandal Mehta's decline commenced with his manipulation of the banking system. By employing counterfeit bank receipts and engagi...
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