Harshad mehta biography graphic organizer

Indian stockbroker and businessman (1954–2001)

Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster.

Harshad Mehta Age, Death, Wife, Children, Family, Biography

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.^[1]

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.^[2] 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^[3] for his part in a financial scandal valued at ₹100 billion (US$1.2 billion) which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes i