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5 Indian entrepreneurs Caught On The Erroneous Side Of The Law | Swindles | Scams | Schemes
5. 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 1992.
Of the 27 criminal charges brought against him, he was only convicted of four, before his death at age 47 in 2001.
In 1992, Harshad Mehta came to the limelight for rigging the Stock Market and causing a Rs 5,000 crore financial scandal in the BSE Securities scam.
After the swindle was uncovered, the market gone down by 72 per cent and it was one of the major tumbles in stock market history.
