Harshad Mehta Scam- How one man control entire Dalal Street? T he Harshad Scam, was one of the biggest financial frauds in the history of India. The Masterminded Harshad Mehta frame the scam, India that involved the manipulation of securities transactions by stockbroker Harshad Mehta and his team. Harshad used variety of illegal way- Here are some tactics :- 1. Bank receipts : He exploited the loophole in the bank system that allowed the issuance of fake bank receipts. He used fake receipts as collateral to got loans from banks and use that money to buy stocks. 2.Inside trading :- Mehta has reach to inside information, which he used to make informed investment decisions before the public was informed of the information. 3. Circular trading:- Mehta active in circular trading, which helps him to selling and buying the same shares for fake demand and increase their price. 4.price rigging :- Harshad would fake increase the cost of stocks by buying large quantities of stock in the m
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