Harshad mehta scam case study

The recently released OTT series 'Scam 1992: The Harshad Mehta Story' will now become a case study for the students of Ahmedabad's Mudra Institute of Communications (MICA). The students of MICA's specialisation management course of Media and Entertainment Management (MEM), the institute has introduced a business case on the web series to understand and study the content, creativity as well as the consumer business of the country. 'Scam 1992: The Harshad Mehta Story' became one of the most talked-about shows based on the life of stockbroker Harshad Mehta after it gained great reviews for the cast as well as direction from people and critics alike. 50 MICA students to study 'Scam 1992' 'Scam 1992' is the first-ever series to be a part of MICA's two-year MEM postgraduate programme which focuses on content, consumer and platform management in the digital age. In this case study, the students will be expected to complete the case writing in about one year and the process will require discussions and interviews by the faculty along with the MICA students. According to media reports, the head of MICA's MEM department Professor Santosh Patra hailed the web series while informing that it will be the first OTT series to be a part of the syllabus at the institute. He further pointed out that, the series is 'an important content success' in the industry while adding that he hopes that the case study will allow students to learn from it. Professor Patra stressed the importance of under...

The share market has been awish-granting factory to many. For others, it is nothing more than just a terrible nightmare. Warren Buffett became the world’s third-richest person just by investing in share markets. But one cannot forget the stories where investors went bankrupt overnight. Share market is more than just a game of simple luck. But there are also times where people go beyond the rules and regulations to manipulate the market and pocket crores. SEBI, which is the watchdog of the share market, is keenly following the activities of the market in order to protect the investor’s interest. Despite that frauds and scams have become inevitable. Ketan Parekh Scam case is among the two stockbroker frauds that shook the share market. Ketan Parekh is said to be the pied piper of the Indian stock market. But only to direct it to its doom, just like in the story. Till date, Ketan Parekh fraud case remains to be a cautionary story to many. Are you baffled as to what it is all about? Let me summarize the details. Who is Ketan Parekh? For Ketan Parekh, the stock market was a family business, which was passed to him by his father. Harshad Mehta mentored him and walked him through the nooks and corners of the stock exchange. The man who was responsible for one of India's largest stock market scam and 1992 market crashthat rattled the stock market, banking system and the stockholders! Read to find more about the infamous scam of 1992 committed by Ketan Parekh was a chartered accoun...

Premium ‘Scam 1992’ success story now a case study for MICA students MICAs specialisation management course of Media and Entertainment Management (MEM) has taken up a business case on the web series ‘Scam 1992: The Harshad Mehta Story’ for its students to study the content, creativity and consumer business of India. The recent OTT series on the life of a stockbroker that has been gaining rave reviews for its cast and direction from critics and masses has made it into the classrooms of the country’s premier communications institute, MICA. MICAs specialisation management course of Media and Entertainment Management (MEM) has taken up a business case on the web series ‘Scam 1992: The Harshad Mehta Story’ for its students to study the content, creativity and consumer business of India. First online interaction session with the cast, director and OTT team was held last week. The first series to be a part of MICA’s two-year postgraduate programme is set in the 1980s and ’90s and is based on the book, ‘The Scam: Who Won, Who Lost, Who Got Away’ by financial journalist Sucheta Dalal and Debashish Basu. Snap from the ‘Scam 1992’ web series “Nearly 50 students who specialise in media and entertainment covering all its verticals will study the first OTT series to be a case study at MICA. This is one of the best case studies to look at the content, creativity and consumer businesses keeping in mind the changes that are going on in the media and content business,” Prof Santosh Patra, h...

What do you think is common between Harshad Mehta,Ketan Parekh, Nirav Modi, and Vijay Mallya? Well, they all found loopholes in the Indian banking system and used it to create an insane amount of wealth. The most interesting story among all these is the story of the one who started it all; Harshad Mehta. Adjusted for inflation, he laundered over 24000 crores over a period of three years. His story is nothing short of a Bollywood drama, and there is so much to learn from it. Chronology of Events Let's have a look at the timeline of the Sensex valuesin 1991 and 1992. Figure:Sensex So, on the timeline according to investigations, the value of sensex in April 1991 was 1250, and in April 1992 it hiked to 4467; it means 4x of the previous year. This was never seen before.Even in 1992, from January to April it doubled; and this too was a little strange. So, it is clear that the market was not running on fundamentals; there was some speculation involved. Who was Harshad Mehta? Harshad Mehta was born in a Gujrati family in 1954. Indians were still hungover from Independence; new social and economic challenges were being faced. A young Harshad did his B.com in Mumbai and did several odd jobs for eight years. He started his career as a salesperson in New India Assurance Company Limited. During this job, he developed an interest in stock markets and so he resigned to join a brokerage firm. In the 1980s, he moved to a lower level clerical job at Harjivandas Nemidas Securities. The year...

2 / 8 Securities scam Mehta was often referred to as the 'Big Bull' of Dalal Street or the 'Amitabh Bachchan' of the Indian stock market. He manipulated stocks by illegally obtaining money from several banks using fake bank receipts. He created a cycle of fraud involving big banks like the State Bank of India (SBI) and the National Housing Bank (NHB). 3 / 8 Changing D-Street Following the fraud of around Rs 4,000 crore, ‘Securities Scam’, the Securities Laws (Amendments) Act was passed in 1995, which widened the jurisdiction of the Securities and Exchange Board of India. It allowed SEBI to regulate depositories, FIIs, venture capital funds, and credit rating agencies.Here are five ways the Indian stock markets have changed since 1992...