1992 indian share market scam

 1992 Harshad Mehta scam        1992 Indian stock market scam  done by Harshad Mehta. The security scam was estimated at 2000 to 4000 cr.  Techniques used by Mehta involved having corrupt  officials signing fake cheque  , misusing market loopholes  , and fabrication to drive the prices of stocks up to 40 times their original price.       The 1992 scam was a systematic fraud committed by Mehta in the Indian stock market which led to the complete collapse of security systems. He committed a scam of over 1  billion from the banking system to buy stocks on the Bombay stock exchange.    Following 2 main scam done by harshad Mehta  1.  Stamp paper scam      the early 90's, banks in India were not allowed to invest in the equity market. However , they were expected to post profits and to retain a certain ratio (threshold) of their assets in government fixed interest bonds. Mehta squeezed ca...