Harshad Mehta Scam India Compilation

Essay specific features

 

Issue:

Business

 

Written by:

Gregory W

 

Date added:

November 2, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

6 / 1618

 

Was viewed:

7904 times

 

Rating of current essay:

 
Essay content:

In the first stage, it found that a set of brokers and sub brokers acting on behalf of a common set of clients who were acting as a front for Harshad Mehta cornered large chunk of shares of Videocon, BPL and Sterlite. This cornering led to price manipulation and the scrip prices rose substantially. Sebi suspended 17 brokers (10 of BSE and 7 of NSE) for periods ranging from one to three years...
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This cornering led to price manipulation and the scrip prices rose substantially. Sebi suspended 17 brokers (10 of BSE and 7 of NSE) for periods ranging from one to three years. Several other brokers were given lesser punishment. In the second stage, it asked the then BSE president J C Parekh to relinquish office...
displayed 300 characters

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