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) uncovers the irregularities, leading to an investigation that exposes a massive ₹4,000–5,000 crore fraud. The Downfall

| Aspect of the Scam | Key Details | | :--- | :--- | | | Harshad Mehta, a charismatic stockbroker known as the "Big Bull." | | The Mechanism | Used fake Bank Receipts (BRs) to divert money from banks to the stock market. | | The Scale | Defrauded banks of nearly ₹4,000 crore ($5 billion at the time) . | | The Impact on Market | Sensex rose nearly 100% in three months; retail investors suffered huge losses in the subsequent crash. | | The Investigation | Exposed by journalist Sucheta Dalal. Led to CBI and IT raids on Mehta's premises and a JPC inquiry in Parliament. | | The Outcome | Mehta was imprisoned and charged with 74 criminal offenses. He died in 2001 while his legal battle continued. | | Regulatory Changes | Led to the Securities Laws (Amendment) Act in 1995, significantly widening SEBI's regulatory powers. |

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Pratik Gandhi (in a career-defining role), Shreya Dhanwanthary, and Satish Kaushik.

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Harshad Mehta, a charismatic and well-known stockbroker on the , masterminded a systematic fraud by exploiting a loophole in the banking system. He colluded with corrupt bank employees to issue fake Bank Receipts (BRs) . A BR is a confirmation that a bank holds government securities (G-Secs) on behalf of a broker. | | The Investigation | Exposed by journalist Sucheta Dalal

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Scam 1992 consists of 10 episodes and is officially available for streaming on SonyLIV.

: It details the 1992 securities scam exposed by journalist Sucheta Dalal.

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