ON THAT BLACK DAY IN BOMBAY STOCK MARKET (HARSHAD MEHTHA) SCAM - TopicsExpress



          

ON THAT BLACK DAY IN BOMBAY STOCK MARKET (HARSHAD MEHTHA) SCAM TOOK PLACE. When the scam was exposed (by a columnist of a newspaper SUCHETHA DHALAL), the banks realized they were taken for a ride and started demanding the cash immediately. But there was no money. It was all a fraud. The stock market collapsed. Millions of innocent stock traders went bankrupt. Bank Chairmen started quitting their jobs taking responsibilty. Chairman of Vijaya Bank committed suicide by jumping from top of his bank building. Harshad Mehta was charged with hundreds of criminal cases. very interestingly IPO of INFOSYS came during mehtha scam and failed , so they went for underwriting. But today is the day of that small Infosys of 1992... THANK U
Posted on: Mon, 18 Nov 2013 18:25:18 +0000

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