---
product_id: 80738244
title: "The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam"
price: "3790 som"
currency: KGS
in_stock: true
reviews_count: 11
url: https://www.desertcart.kg/products/80738244-the-scam-from-harshad-mehta-to-ketan-parekh-also-includes
store_origin: KG
region: Kyrgyzstan
---

# The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam

**Price:** 3790 som
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam
- **How much does it cost?** 3790 som with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.kg](https://www.desertcart.kg/products/80738244-the-scam-from-harshad-mehta-to-ketan-parekh-also-includes)

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- Customers looking for quality international products

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## Description

desertcart.in - Buy The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam book online at best prices in India on desertcart.in. Read The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam book reviews & author details and more at desertcart.in. Free delivery on qualified orders.

Review: Good book - Good book
Review: Nice Book - Nice book.. everything explained and detailed in lucid manner... Everyone exposed👍

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #77,246 in Books ( See Top 100 in Books ) #1,019 in Analysis & Strategy |
| Country of Origin  | India |
| Customer Reviews | 4.4 4.4 out of 5 stars (684) |
| Dimensions  | 20 x 14 x 2 cm |
| Edition  | 11th Edition |
| Generic Name  | Book |
| ISBN-10  | 8191013401 |
| ISBN-13  | 978-8191013405 |
| Item Weight  | 480 g |
| Language  | English |
| Net Quantity  | 1.00 Count |
| Print length  | 448 pages |
| Publisher  | KenSource |

## Images

![The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam - Image 1](https://m.media-amazon.com/images/I/31p1Ob7ruLS.jpg)
![The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam - Image 2](https://m.media-amazon.com/images/I/410BM2oYZmS.jpg)
![The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam - Image 3](https://m.media-amazon.com/images/I/41F4lnNULGS.jpg)
![The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam - Image 4](https://m.media-amazon.com/images/I/41pDsOAkPhS.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Good book
*by A***R on 21 May 2025*

Good book

### ⭐⭐⭐⭐ Nice Book
*by A***G on 2 February 2021*

Nice book.. everything explained and detailed in lucid manner... Everyone exposed👍

### ⭐⭐⭐⭐⭐ Excellent thoroughly researched book about series of scams with various players which included banks, brokers, PSUs, financial institutions, sloppy regulation and the underlying incentive structure.
*by V***D on 24 October 2020*

Although Harshad Mehta became the central villain of the scam that was exposed in the year 1992, this 1992 scam is a series of scams with various players involved Harshad Mehta, Ketan Parekh, banks, brokers, PSUs, financial institutions, sloppy regulation and the underlying incentive structure. The flawed banking policies & regulations, and the short-sighted policies of the government created loopholes & incentives that resulted into so many scams which ultimately busted in the year 1992 with the expose of Harshad Mehta by Sucheta Dalal working in Times of India. Harshad Mehta Scam The story of Harshad Mehta in the market started as a jobber in a brokerage firm. Then through experience, contact & influence, he got the brokerage license from the Bombay Stock Exchange. Later on, he also established his own asset management company Grow More. The eternal greed for money exploiting loopholes in the system led to his exponential rise and exponential fall. Harshad Mehta used banking funds to drive/rig the stock market using loopholes in the banking system. These loopholes of using banking & PSU funds to manipulate/rig the market were very much in practice by foreign banks like Citi Bank, ANZ Grindlays, Bank of America & influential brokers at that time. They sourced money from portfolio clients, financial institutions i.e. UTI, mutual funds & used it to manipulate market. A certain percentage of funds/deposits by banks are required to be kept as government bonds i.e. SLR as mandated by RBI. If there is an issue in complying the SLR requirement, the banks can fulfill the same by buying the government bonds from other banks having surplus government bonds. This interbank transaction i.e. money market does not take place directly, it takes place through a money market broker. Harshad Mehta was one of the brokers of money market. The transaction between banks i.e. purchase & sell of government bonds through brokers used to be settled in 14 days, and in that period, money used to be kept in the account of broker. Harshad Mehta started using that money and started investing in a selected stocks & rigging the market. The massive buying of selected stocks using banking funds by Harshad Mehta resulted in astronomical rise in the price of few stocks. Rotating the money between various banks and the stock market, he made huge return in a small time period. The transaction between banks could also take place through issuance of bank receipts rather than physical transfer of government securities. Having established deep connection with banks, Harshad Mehta bribed bank officials to issue fake bank receipts or withdrawing banking funds manipulating figures related to bank receipts in the registers of banks. The financial jugglery of Harshad Mehta was exposed by excellent investigative journalism of Sucheta Dalal. This expose of nexus between banks & brokers disrupted the rotation of money that Harshad used to carry between banks and stock market, and earning supernormal returns. The stock market started crashing and the value of shares that Harshad held also crashed. The banks that gave money to Harshad Mehta started demanding money, but as the stocks of Harshad Mehta collapsed, he was unable to fulfill the commitments of banks and he started defaulting big time. In this scam of using banking & PSU funds to manipulate/rig the stock market, thousands of investors lost money in the market. Investigation & witch-hunts with thrilling twists & turns by Reserve Bank of India, Central Bureau of Investigation, Enforcement Directorate, Income Tax Department, Joint Parliamentary Committee is very much described in detail in the book. Short-sighted policies that incentivized scams The flawed banking policies, over-regulation on paper, not upgrading the infrastructure required for record keeping & processing large number of market-based transactions (Public Debt Division of RBI) created the loopholes in the system for ease of doing scams rather than business during 1980s. Till 1992-93, 38.5% of the deposits with banks were required to be maintained as SLR, 25% CRR. 40% of the remaining 36.5% i.e. 14.6% were prescribed for priority sector lending. The loan melas very much prevalent during that time resulted into reckless political lending. Only 60% of the 36.5% i.e. 21.9% could be given as pure commercial lending. The reckless political lending led to increase in Non-Performing Assets (NPA) of the banks. Banks had no money left to finance capital-intensive Public-Sector Undertakings (PSUs) like NTPC. Therefore, PSUs were asked to borrow directly from the market issuing bonds. Till 1991, PSUs had issued bonds over Rs. 20,000.Banks were allowed to accept deposits free from SLR & CRR obligations under Portfolio PMS from any institution having surplus cash. Through this route, money that could be easily raised by PSUs started flowing into the stock market through collusion between banks, brokers and financial institutions.

## Frequently Bought Together

- The Scam: From Harshad Mehta To Ketan Parekh Also Includes Jpc Fiasco & Global Trust Bank Scam
- Absolute Power - Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
- The Great Indian Fraud

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*Product available on Desertcart Kyrgyzstan*
*Store origin: KG*
*Last updated: 2026-02-25*