Your cart is currently empty!
Harshad Mehta: The Rise and Fall of The Big Bull
Rahu to expose “BIG” people involved in scams.
As per the horoscope of India’s independence, which is of “Vrishabh” Lagna, it has been under the period of RAHU IN SURYA since November 2010. This “Dasha” is not good for the country. In this period, political instability and the number of unfavorable news may increase. Disasters like earthquakes, railway, or airway accidents are possible under this time frame. People need to be really cautious of the same. This will be added up by brightening up financial scams. People involved in scams and scandals will be exposed to the world. Rahu will take off the mask from these people and disclose their actual activities and identity. This can be inclusive of industrialists, politicians, and higher officials. In November as well, I wrote on 3rd November 2010 that Rahu will bring “GHOTALAs” to India. And it’s happening. From 16th December to 26th December 2010, the condition is supposed to deteriorate and many scams are supposed to be exposed. This will affect the stock market adversely. In the GOCHAR, planetary conditions are similar to the HARSHAD MEHTA incident that took place in the year 1991. You must remember that lots of people lost life in the stock market. In this condition, the people in the vehicles of BULL and BEAR, both will be caught in a trap. Wait until 30th December and see the incidents that take place in the meantime. Small investors are advised to avoid trading or investment in this time period. Wait for the stock market to come down. At the end of December, trade / invest money in small installments as the year 2011 –to May 2011 will be highly fruitful. As far astrological calculations are concerned, in the year 2011, Nifty will touch the height of 7000-8000 points. -Astrologer Rajeev Prakash Agarwal
The Rise and Fall of the King of the Bulls: Harshad Mehta, His Lavish Lifestyle, and the Astrological Angle
Harshad Mehta, a name synonymous with one of India’s most sensational financial scandals, was a man of ambition, brilliance, and ultimately, devastating downfall. His life, spanning from humble beginnings in 1954 to a tragic end in 2001, mirrored the meteoric rise and fall of a financial comet.
Early Life and Education: A Spark of Ambition
Born on July 29, 1954, in Paneli Moti, Rajkot, Gujarat, Harshad’s early life was a far cry from the flamboyant image he would later cultivate. His father, Shantilal Mehta, was a small-time textile businessman, and financial constraints forced the family to relocate several times during Harshad’s childhood. Despite these challenges, Harshad displayed a keen intellect and excelled in academics. He enrolled in Mumbai’s prestigious Lala Lajpatrai College of Commerce, where he discovered a passion for cricket. However, the lure of the stock market, then a burgeoning field in India, proved to be a stronger calling.
Entering the Financial Arena: From Salesman to Stockbroker
Harshad’s foray into the financial world began modestly. He started his career as a salesman at Bombay Broking Corporation, a stepping stone that ignited his interest in the intricacies of the stock market. His ambition and natural understanding of market dynamics soon propelled him towards stockbroking. He found his calling at Grove Finance, a small broking firm, where his charisma and ability to generate high returns for clients quickly earned him a reputation as a rising star.
The Rise of the “Big Bull”: A Flamboyant Persona and Astronomical Returns
The 1980s witnessed the liberalization of the Indian economy, paving the way for a bull run in the stock market. Harshad Mehta, with his aggressive strategies and flamboyant personality, perfectly captured the zeitgeist of the era. He established his own broking firm, Grow More, and quickly amassed a loyal clientele. His ability to consistently deliver high returns, often through unconventional methods, garnered him the moniker “The Big Bull.” Mehta reveled in his success, adopting a lavish lifestyle that included a fleet of luxury cars, a palatial bungalow, and a penchant for throwing extravagant parties. He cultivated an image of a financial wizard, a modern-day Midas with the golden touch.
Behind the Facade: The Seeds of Deception
While Harshad Mehta’s public persona exuded confidence and success, a web of deceit was slowly being woven behind the scenes. The early 1990s witnessed a shift in his tactics. Fueled by an insatiable desire for even greater wealth and fueled by a complex web of financial maneuvers, Harshad orchestrated a massive scam that would ultimately bring him down. He exploited loopholes in the banking system, using forged bank receipts to manipulate the stock market. This strategy involved borrowing money from banks by presenting fake instruments as collateral and then using those funds to inflate the share prices of specific companies. As the share prices rose, Harshad and his associates would sell their holdings, pocketing massive profits. This manipulative scheme created a dangerous bubble, artificially inflating the market and enriching those involved.
The House of Cards Crumbles: The Harshad Mehta Scam and its Aftermath
The house of cards Harshad Mehta had meticulously built began to crumble in 1992. Investigative journalist Sucheta Dalal, known for her relentless pursuit of financial impropriety, exposed the intricate web of his deception. Her exposé, published in the Mumbai Economic Times, sent shockwaves through the Indian financial sector. The ensuing scandal, now known as the Harshad Mehta scam, became a national sensation. The market crashed as investors lost confidence, wiping out billions of rupees and shattering the illusion of prosperity Harshad had created.
The repercussions were swift and severe. Harshad Mehta faced numerous legal charges, including securities fraud and financial manipulation. He was arrested and spent the next several years in jail awaiting trial. The scandal also triggered a series of investigations and reforms within the Indian financial system, aiming to tighten regulations and prevent similar scams in the future.
A Controversial End: Death in Jail and Lingering Questions
Harshad Mehta’s story took a tragic turn on December 31, 2001. While in jail awaiting trial, he suffered a fatal heart attack at the young age of 47. His sudden death sparked controversy, with some questioning the adequacy of medical care provided in the jail. Conspiracy theories swirled, further adding to the intrigue surrounding his life and downfall.
Legacy of the Big Bull: A Cautionary Tale for the Ages
Harshad Mehta
Integrate Market Timing in your Portfolio
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
Leave a Reply
You must be logged in to post a comment.