Unveiling the Harshad Mehta

Scam: Unraveling the Financial

Controversy
Introduction

The Harshad Mehta Scam shook the

Indian financial market in the 1990s,
revealing widespread fraud and
manipulation. This presentation will delve
into the intricate details of the scandal, its
impact on the economy, and the lasting
repercussions.
Harshad Mehta: The Mastermind

Harshad Mehta, a stockbroker,

orchestrated a complex web of fraudulent
activities that involved manipulating stock
prices and exploiting loopholes in the
banking system. His actions led to a
massive market crash and exposed
systemic vulnerabilities.
Impact
Impacton
onFinancial
FinancialInstitu
Institu tions
tions

The scam had far-reaching consequences,

causing panic among investors and
eroding trust in financial institutions.
Regulatory reforms were implemented to
prevent similar incidents and restore
confidence in the market.
The scandal raised critical questions about regulatory oversight and ethical
conduct in the financial sector. It prompted a reevaluation of legal frameworks
and highlighted the need for enhanced transparency and accountability.
Lessons Learned

The Harshad Mehta scam serves as a stark

reminder of the importance of vigilance
and integrity in financial markets. It
underscores the need for robust risk
management practices and the
enforcement of stringent compliance
measures.
Conclu
Conclu sion
sion

The Harshad Mehta scam remains a

watershed moment in India's financial
history, shaping regulatory frameworks
and instilling a culture of caution and
accountability. It stands as a testament to
the enduring impact of financial
controversies on the economy and society.
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