Harshad Mehta's story is one of the favorites of Indian businessmen as it has become one of the biggest scams to date. In this article, we will talk about his travels, his personal life and more!
Harshad Mehta, famous for his big beef in Dalal Street: He was rewarded with little to no capital. He was born on July 29, 1954 near Rajkot, Gujarat.
She comes from the Gujarat Jain family. He was the son of a small textile trader from Borivali. He is famous for his Indian weather scam of 1992. In this article, we are going to know the points of Indian brokers who made them the best.
He was famous because he didn't invest a lot but made a lot of money. The market manager, who saw the uncertainty, continued and took his products into stock.
There is a lot of speculation about his 1992 scam. In the famous case, he said that Harshad Mehta's conduct did not violate the law as set out in the Indian Penal Code. Instead, he took full advantage of the absence in the system.
Let's take a quick look at some of the most famous products on the market.
Harshad Shantilal Mehta was the worker of his time. He came to Mumbai, the land of opportunity, but never thought or thought he would become such a businessman. To make your life easier, you need a little more. Life is not the same. Is it true? no.
He wanted to do a little more and one day he learned about marketing. Without much insight, he formed himself by following his mentor and emerged from the dust as one of India's top producers. Hashad Mehta family
Harshad Mehta's Brother
Harshad Mehta's brother is Aswin Mehta. Even his brother's product business; He accepted the law. Today, Ashwin Mehta is a separate attorney between the High Court and the High Court of Mumbai.
He is known to have solved many problems and paid $ 17 million to have the accused's brother removed. Ashwin is a good friend of Harshad's and also an entrepreneur in his business. After Harshad Mehta's death in 2001, the charges against him were upheld, but the SBI protests continued until 2018 in another special tribunal.
Harshad Mehta's Son
Harshad Mehta's son's name is Artur Mehta and does not appear on social media. However, according to some reports, he gets 21% of the Square Deal filaments listed in the ESB. However, neither the ESB nor the Internet has any expert information to back this up.
Harshad Mehta's wife
As fearless as her husband, Jyoti Mehta struggled with the law until 2008. He also claimed victory over the law with Kishore Janani and the Federal Bank.They are accused of balancing Harshad Mehta with a budget of $ 6 million at an interest rate of 18%. Thus, the total amount reached 500 crore.
Harshad Mehta's Education
Harshad Mehta graduated from Janta Public Schools in Bhilai. He is a firm favorite of cricket. He was a good kid or a good kid at school.After graduating from Bilay, I came to Mumbai. He started looking for a job in 1976 after graduating with a Bachelor of Commerce degree from Lala Lajparai College. For the next eight years he did trivial things with very little money.
Harshad Mehta Work and life
Harshad Mehta's departure was weak, which led him to Mumbai for work. Initially, she worked as a retailer in a grocery store that assembled and selected cement, socks and even diamonds.
His invaluable sales skills have helped him become a sales representative for every company he works for. After this development and training, he was hired by New India Assurance Company Limited.
In particular, his sales skills should be incorporated into the way he speaks and deals with customers. It earned him a lot of money and benefits for the company he was involved in.
Around this time, he also learned to invest in the stock market, and out of the market because he liked, he joined a security company.
First, he held the junior position at Harjivandas Nermidas Securities. The main broker, Prasann Pranjivdas, was his expert and his knowledge and advice led Harshad Mehta to the market.
Harshad Mehta - The Last Age of the Stock Exchange
In the 1980s, he frequented various brokerage firms, training them and developing expertise in each of them. By 1990, she was already a major player in the Indian stock market on Dalal Street. In fact, Business Today even calls it the Big-B of the stock market.
Harshad Mehta started his business in 1986 and four years later he won the trust and respect of his missionaries.
As a result, huge investments began to flow into it, and its services were used by many people. Most of its investments are in the Associated Cement Company (ACC).
The price of ACC shares has increased from 200 INR to 9,000 INR due to the large number of purchases by the staff which also includes Harshad Mehta. Mehta argued that ACC's stock was not worth it and the market was fixing itself.
To support his thinking, he constantly spoke of other ways of thinking about value. His timid investment made him a big name in the media.
Some call it Angry Bull and some call it "Big Bull". Among them, his appearance in Business Today magazine stands out the most. Hashad meta lifestyle
The son of a small textile company has won a lot. He has a 15,000 square foot penthouse in the Worli area.
Its penthouse has a mini golf course and a swimming pool. What a lifestyle.
It has assembly vehicles such as the Toyota Corolla, the Lexus LS400 and the Toyota Sera. The collection of this car is scarce even in the richest homes of India.
Harshad Mehta's Case
Harshad Mehta is a well-known businessman in India who has been convicted of various financial crimes. It was after the Bombay Stock Exchange scam in 1992.
He is a leader in retail. The Mumbai accident happened when he was arrested by Indian police for fraud. The incident occurred just months after his arrest.
He allegedly used third party loans with a group of workers to increase the value of products listed on the Bombay Stock Exchange.
The peak of the scam occurred on March 17, 1992. As far as is known, security scams are considered to be the biggest scams in Indian stock market history.
It is a milestone in the history of the Indian economy as it played a role in the decline of the central government. Banks cannot negotiate or invest in real estate. Instead, they only hold government deposits as assets. But the bank needs a better business than ever.
As a result, Mehta saw the uncertainty in researching an application that was too difficult to submit.
He promised he would charge more interest if he hid money in his personal account, claiming someone would buy the goods at the same time. To do this, she buys commercial products like ACC. The commodity prices suddenly started to rise and in just 3 months they reached 200 rupees per share and 9,000 rupees per share!
Harshad Mehta's Death
Harshad Mehta died at the age of 47. He died of a heart attack. Mehta reported chest pain and died upon arrival at Than Civil Hospital.
A small number of police investigators revealed that the meta had committed suicide.
On December 31, 2001, Mehta passed away in Mumbai. Allegations against Hashad Mehta
After a complaint was filed by authorities alleging that Mehta and her staff had taken various measures to control the rise of the Bombay Stock Exchange, one way was to fund banknotes, which are bank receipts, with receipts. The term bank used for bank loans is called business negotiation "plan for the future" by Mehta Company.
In the second half of 1991, Mehta became aware of the bullish beginnings of the stock market, which earned her the nickname "Big Bull". Among the employees of his company was Ketan Parekh, who was later involved in a scam.
"Time" reported that Mehta was collecting fake banknotes to reimburse them, believing that other banks had loaned them profits. This money was then converted into commodities which were sold for profit after the stock market rose. Mehta was arrested in 1992 and charged with more than 70 crimes related to corruption, fraud, deception and other crimes. He has also been charged with over 600 civil cases. He died in 2001 at the age of 48, with 27 still pending.
In addition to criticism from the ESB, Mehta demanded to pay Prime Minister Narasimha Rao 1 million rupees as a political donation for the rescue. Hindu Business Line was announced after Mehta's death.
0 Comments