The UPD Download MLSBDShop Scam: Uncovering the Truth Behind the 1992 Harshad Scandal
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The aftermath was cataclysmic. The market crashed, wiping out the life savings of countless small investors and leading to the eventual arrest of Mehta and several high-ranking banking officials. However, the legacy of the 1992 scam is not purely one of loss. It served as a brutal catalyst for reform. The crisis forced the Indian government to empower the Securities and Exchange Board of India (SEBI) with statutory teeth, ushering in the modernization of stock exchanges, the introduction of online trading, and more rigorous auditing standards. the introduction of online trading