Question

what were Loop holes used by harshd Mehta in scam 1992
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Answer 1

Answer:

It was one of the largest scams in India, with over one billion USD defrauded. Mehta used a combination of corrupt officials who were willing to sign fake cheques, lies to the banks, and market loopholes to drive the prices of certain stocks up more than 40-fold.

Answer 2

Techniques used by Mehta involved having corrupt officials signing fake cheques, misusing market loopholes, and telling lies to drive the prices of stocks up to 40 times their original price. Stock traders making good returns as a result of the scam were able to fraudulently obtain unsecured loans from banks.