Harshad Mehta Scam
Harshad Mehta Scam
Harshad Mehta Scam
CAPITAL MARKET
The capital market is the market for securities, where companies and govt. can raise long term funds. It is a market in which money is lend for period longer than a year. The capital market includes the stock market and the bond market.
It is basically fraud done in the Capital market with the investors by manipulating the facts in order to attain enormous profits.
CONTD Now, he was the Harshad Mehta, boss of Growmore Research and Asset Management. He lived almost like a celebrity in a 15,000 sq. feet house. He also had a crush for flashy luxurious cars.
CONSEQUENCES
As the scam was exposed, BR value became almost zero. Crash of some financial institutes Many suicidal notes were found near dead body of Indian stock traders. In 4000 crores scam many financial firms, many political parties and many big names were involved, but surprisingly only one man was trapped.
CAUTION: STOCK MARKET INVESTMENT IS SUBJECT TO MARKET RISK. PLEASE READ THE OFFER DOCUMENT CAREFULLY BEFORE INVESTING.