Scam 1992 - The Harshad Mehta Story season 1 episode 5 Recap and FAQ
Episode Summary
Harshad Mehta, a key figure in the stock market, confidently manipulates the Sensex through his interviews and aggressive strategies, strongly advocating for investment in India. His dominance in the market raises concerns among RBI officials over his potential misuse of funds and dubious financial sources. An income tax raid at his place yields no evidence due to his prior preparation. SBI discovers a massive 500 crore rupee discrepancy in their securities linked to Harshad, demanding he returns the funds or securities. Harshad's family worries about his risky financial plays amid growing institutional pressure. Despite challenges, Harshad remains
Full Episode S01E05 Recap
Frequently Asked Questions
Who is Harshad Mehta and what is his role in the stock market?
Harshad Mehta is a prominent stock market player known for manipulating the Sensex and influencing the Indian stock market.
What was the focus of Harshad Mehta's interview?
Harshad Mehta's interview focused on the importance of the budget, liberalization in India, and his optimistic prediction about India's economic growth.
How does Harshad Mehta manipulate the stock market?
Harshad Mehta manipulates the stock market by using his influence and aggressive strategies, causing significant fluctuations in the Sensex.
What are the concerns raised by RBI officials about Harshad?
RBI officials are concerned about Harshad's control in the stock market and his involvement with dubious sources of money.
What did the income tax raid at Harshad's place reveal?
The income tax raid at Harshad's place failed to find incriminating evidence due to his prior knowledge and preparation for the raid.
What discrepancy did SBI find in their books related to Harshad?
SBI discovered a 500 crore rupee gap in their securities, which was suspected to be related to Harshad's activities.
How does Harshad respond to SBI's confrontation?
Harshad requests a week to settle the accounts and manipulates the situation to buy time.
What are Harshad's family's concerns?
Harshad's family is concerned about his risky financial maneuvers and the growing pressure from financial institutions.
How does Harshad plan to resolve his problems with SBI?
Harshad explores selling his holdings or seeking help from other banks and political connections to resolve his problems with SBI.
What is the potential impact of Harshad's fraudulent activities?
Harshad's manipulation of SBI and his fraudulent activities could lead to a major financial scandal with far-reaching consequences.
