Shadowy Forex Derivatives

The Harshad Mehta scam of 1992 came to be known as a ‘stock market scam’ because the precipitous fall in the Sensex caused massive losses to retail investors and captured public attention. But, although the late Harshad Mehta was ramping up stock prices with impunity, the heart of the scam, as reflected by the endless litigation that followed, was mainly connected to the government-securities...

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