Harshad Mehta was a Indian stockbroker and businessman who was born in 1955 in Mumbai, India. He started his career as a stockbroker in the 1980s and quickly rose to prominence due to his aggressive and flamboyant style of trading. Mehta was known for his ability to make huge profits in the stock market, and his charisma and confidence attracted many investors to his firm.
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The scam began to unravel in 1992, when a journalist, Sucheta Dalal, wrote an exposé on Mehta's alleged irregularities. The Securities and Exchange Board of India (SEBI) launched an investigation, which revealed a massive scam involving over ₹4,500 crores (approximately $600 million USD).
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Beyond the financial mechanics, Scam 1992 serves as a poignant critique of institutional failure. It highlights how banks, regulatory bodies, and government officials were either complicit or dangerously incompetent, allowing a single individual to move thousands of crores with little more than a signature. The parallel narrative of journalist Sucheta Dalal (played by Shreya Dhanwanthary) provides the moral compass of the story, showcasing the power of investigative journalism in holding the powerful accountable. Utilize trusted browser extensions like uBlock Origin to
Scam 1992: The Harshad Mehta Story remains one of India's most critically acclaimed biographical financial thriller series. Directed by Hansal Mehta, the show chronicles the meteoric rise and catastrophic fall of stockbroker Harshad Mehta, who orchestrated the infamous 1992 Indian securities scam.
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