security scam
DESCRIPTION
Harsad MehtaTRANSCRIPT
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Security scam
By: MANISH MAHAJAN 20-MBA13
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CONTENTS
IntroductionSecurity scamModus Operandi ImpactsActions taken Conclusion
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introduction
Gujarti Family
Big dreams
Sub-broker for
stock brokers J.L.
Shah and Nandalal
Sheth
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The big bull
Grow More
Research and
Asset
Management
Co. Ltd.
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scam
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Scam exposed
Sucheta Dalal “In 1992, when I broke the story about the Rs 600 crores that he had swiped from the State Bank of India, it was his visits to the bank’s headquarters in a flashy Toyota Lexus that was the tip-off.”
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Modus opernadi
Bank of Karad and Metorpolit
an Co-operative
Bank
Broker Harshad Mehta
Lender bank
Issue fake BR
Funds
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Impacts
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impact
Banks had to bear Rs 4,000 crores
loss.
The chairman of the Vijaya bank
committed suicide .
Stay on Liberalisation.
BR was removed by RBI.
Bribery case on Narsimha Rao.
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Mehta after scam
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