Episode 1261
Harshad Mehta
Thu, 2020-Oct-15 01:03 UTC
Length - 1:58
Direct Link
Welcome to popular Wiki of the Day where we read the summary of a popular Wikipedia page every day.
With 121,619 views on Wednesday, 14 October 2020 our article of the day is Harshad Mehta.
Harshad Mehta was an Indian stockbroker, well known for his wealth and for having been charged with numerous financial crimes that took place in the 1992 securities scam. Of the 27 criminal charges brought against him, he was only convicted of four, before his death at age 47 in 2001. It was alleged that Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which his firm brokered in "ready forward" transactions between banks. Mehta was convicted by the Bombay High Court and Supreme Court of India for his part in a financial scandal valued at ₹ 500 Crores which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the Indian banking system, Bombay Stock Exchange (BSE) transaction system and SEBI further introduced new rules to cover those loopholes. He was on trial for 9 years, until he died in late 2001.
This recording reflects the Wikipedia text as of 01:03 UTC on Thursday, 15 October 2020.
For the full current version of the article, see Harshad Mehta on Wikipedia.
This podcast is produced by Abulsme Productions based on Wikipedia content and is released under a Creative Commons Attribution-ShareAlike License.
Visit wikioftheday.com for our archives, sister podcasts, and swag. Please subscribe to never miss an episode. You can also follow @WotDpod on Twitter.
Abulsme Productions produces the current events podcast Curmudgeon's Corner as well. Check it out in your podcast player of choice.
This has been Amy Neural. Thank you for listening to popular Wiki of the Day.
|
|
Buy WotD Stuff!!
