Scam 1992 - The Harshad Mehta Story season 1 episode 8 Recap and FAQ
Episode Summary
Harshad Mehta, a prominent figure in India's financial world, discusses a high-risk scheme involving Grindlays Bank with a senior official, promising political advantages. Meanwhile, CBI's Madhavan investigates a massive financial scam, suggesting a direct approach. Harshad confronts the RBI Governor about inaction against a key player, Pherwani. As media and government pressure mount, CBI intensifies its investigation, leading to Harshad's assets being frozen. The plot thickens with Pherwani's mysterious death and Harshad's eventual arrest, marking a dramatic downfall in his financial empire.
Full Episode S01E08 Recap
Frequently Asked Questions
What was the risky financial scheme discussed between Harshad and a senior official?
It involved issuing cheques to Grindlays in exchange for Bank Receipts (BRs) from Grindlays, as part of a ready-forward deal.
What concern did the senior official express about the scheme?
The official was worried about risking his reputation of forty years for the scheme.
What was investigator Madhavan's approach to the financial scam?
Madhavan proposed focusing on the theft aspect and not getting lost in the complex financial details.
What limitation did the RBI Governor express about taking action against Pherwani?
The Governor mentioned his limitations as a government servant and the need for external pressure for action against people like Pherwani.
How did Harshad reassure his associate about the media and government pressure?
Harshad emphasized his connections and control over the situation, despite the increasing media and government pressure.
What was the significance of the CBI's raid on Pherwani's house?
It signaled a more aggressive phase of the investigation, with the CBI intensifying its actions against key players in the scam.
How did Harshad Mehta's downfall begin?
It began with the CBI freezing his accounts and increasing their scrutiny, leading to a sense of betrayal and vulnerability.
What was the cause of Pherwani's death?
Pherwani's death was sudden and possibly due to a heart attack or suicide, though the exact cause was unclear.
What was the impact of Harshad Mehta's arrest?
His arrest marked a significant turning point in the investigation, causing shock and turmoil among his family and associates.
How did the CBI handle Harshad Mehta during the interrogation?
The CBI conducted an intense interrogation, outlining the numerous charges against him and signaling the end of his financial dominance.