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OVERVIEW
CAPITAL MARKET CAPITAL MARKET SCAMS HARSHAD METHA KETAN PAREKH
CAPITAL MARKET
THE CAPITAL MARKET IS THE MARKET FOR SECURITIES IN THIS COMPANY AND GOVERNMENT CAN RAISE LONG TERM FUNDS ITS A MARKET IN WHICH MONEY IS LENT FOR PERIODS LONGER TAH A YEAR THE CAPITAL MARKET INCLUDES THE STOCK MARKET AND BOND MARKET
TAKING ADVANTAGES OF LOOPHOLES IN THE BANKING SYSTEM, HARSHAD AND HIS ASSOCIATES TRIGGERED A SECURITIES SCAM DIVERTING FUNDS TO THE TUNE OF RS 4000 CRORES FROM THE BANKS TO STOCK HOLDERS BETWEEN APRIL 1991 TO MAY 1992
HE WAS ARRESTED AND BANED FOR LIFE FROM TRADING IN THE STOCK MARKETS
MAJOR CULPRITS WERE BROKERS, BANKERS AND FINANCIAL INSTUTIONS. HE WAS CHARGED WITH 72 CRIMINAL OFFENCES. A SPECIAL COURT ALSO SENTENCED SUDHIR MEHTA, HARSHADS BROTHER, 6 OTHERS, INCLUDING FOUR BANK OFFICIALS.
THEY GOT RIGROUS INPRISONMENT FROM 1 YEAR TO 10 YEARS ON A CHARGE OF DUPING STATE BNK OF INDIA TO THE TUNE OF RS 600 CRORES IN CONNECTION WITH THE SECURITES SCAM THAN ROCKED THE FINANCIAL MARKETS IN 1992.