What is mehta boys?

The Mehta Boys, often referring to Harshad Mehta and his brothers Ashwin and Sudhir Mehta, are known for their involvement in the Indian securities scam of 1992. Harshad Mehta, a stockbroker, masterminded the scam, which involved illegally diverting funds from banks into the stock market, artificially inflating stock prices to astronomical levels.

• Harshad Mehta: The central figure, a stockbroker who manipulated the market. His expertise was in <a href="https://www.wikiwhat.page/kavramlar/financial%20markets">financial markets</a>.

• Ashwin Mehta: Harshad's brother, also a key figure in the scam. He was a <a href="https://www.wikiwhat.page/kavramlar/lawyer">lawyer</a> and helped manage the legal aspects of the business.

• Sudhir Mehta: Another brother, involved in the business operations.

The scam exposed loopholes in the Indian <a href="https://www.wikiwhat.page/kavramlar/banking%20system">banking system</a> and led to significant reforms in the Indian financial sector. The Mehta brothers faced numerous legal battles and investigations. The incident is considered one of the biggest financial scandals in India's history, raising questions about <a href="https://www.wikiwhat.page/kavramlar/corporate%20governance">corporate governance</a> and regulatory oversight. The aftermath resulted in increased scrutiny of stock market operations and banking regulations.