Scam 1992 - The Harshad Mehta Story -2020- — S01 ...
– Sucheta Dalal receives a mysterious tip regarding a ₹70-crore gap in SBI's accounts, initiating her investigation.
Achint Thakkar’s electronic, retro-infused theme music became an instant viral hit, perfectly matching the high-stakes adrenaline of the trading floor. Cultural and Industry Impact
Pratik Gandhi, Shreya Dhanwanthary, Hemant Kher, Anjali Barot 9.3/10 (One of the highest-rated Indian series) Episode Guide: Season 1 Scam 1992 - The Harshad Mehta Story -2020- S01 ...
: Harshad, now a rising star, sets his sights beyond the stock market to the more lucrative 'money market'. This episode details his rivalry with a Kolkata-based broker and his strategic move into government securities, where he learns to manipulate a system controlled by big banks like Citibank.
If you tell me what specific part of the story interests you most, I can: Detail the Harshad used Breakdown the real-life outcomes for the key players Compare the show to the actual book by Sucheta Dalal Which area – Sucheta Dalal receives a mysterious tip regarding
The series’ plot accelerates when Mehta discovers a massive, ingenious loophole in the Indian banking system. By exploiting a flawed system of accounting for "Ready Forward" (RF) deals and using fraudulent Bank Receipts (BRs), he begins siphoning hundreds of crores of rupees from the inter-bank money market into the stock market. This influx of money triggers a historic bull run. Using the funds to manipulate stock prices, Mehta single-handedly drives the Bombay Stock Exchange (BSE) Sensex from around 1,000 points to over 4,500 points. He becomes "The Big Bull," "The Amitabh Bachchan of the stock market," acquiring a fleet of luxury cars, a sprawling sea-facing bungalow in the upscale Worli neighborhood, and the adoration of millions of small investors who see him as their messiah.
The vision for Scam 1992 was brought to life by celebrated filmmaker Hansal Mehta, who stepped into the digital space for his directorial debut. Alongside co-director Jai Mehta, Hansal crafts a show that is deliberately paced yet relentlessly gripping, turning complex financial jargon into accessible, edge-of-the-seat drama. The show is produced by Applause Entertainment in association with Studio NEXT, and the production took three years of meticulous research to ensure authenticity. This episode details his rivalry with a Kolkata-based
Why? Because Harshad Mehta was the first. He was India’s Gatsby. He believed that if you put on the right suit, smile the right smile, and speak loudly enough, you could rewrite the rules of the game.
Harshad Mehta was arrested in November 1991 and was charged with 72 criminal cases and over 600 civil suits. He ultimately passed away in 2001 while in judicial custody. The total scam amount, when adjusted for inflation, is estimated to be a staggering ₹24,000 crore today.
The series reveals that Harshad’s meteoric rise was fueled by exploiting loopholes in the banking system. He used and Ready Forward (RF) deals to route money from banks into the stock market illegally. Essentially, he used the banks' own money to buy shares, driving prices up, selling them for a profit, and returning the money to the banks.