Description: (Known for Involvement in the 1992 Indian Securities Scam)
Harshad Shantilal Mehta was an Indian stockbroker notorious for his role in the 1992 Indian securities scam. He gained infamy for manipulating the market through a large-scale stock manipulation scheme involving fraudulent bank receipts for "ready forward" transactions. He faced 27 criminal charges, but was convicted of only four before his untimely death. Mehta's activities revealed weaknesses in the Indian banking and stock exchange systems, prompting SEBI to introduce new regulations to tackle these issues.