{"id":6828,"date":"2016-05-12T16:31:00","date_gmt":"2016-05-12T11:01:00","guid":{"rendered":"http:\/\/13.201.39.237\/?p=6828"},"modified":"2016-05-12T16:31:00","modified_gmt":"2016-05-12T11:01:00","slug":"scam-1992-the-harshad-mehta-story-series-review","status":"publish","type":"post","link":"http:\/\/13.207.105.184\/?p=6828","title":{"rendered":"Scam 1992 Review: A Gripping Series that Humanises Harshad Mehta, But Also Warns About the Perils of Greed"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><span class=\"dropcap\">H<\/span>arshad Mehta (a very convincing Pratik Gandhi), chasing investors on a golf course, is mocked for his golf swing, and told to \u201cstick to cricket\u201d. It\u2019s a <a href=\"https:\/\/www.arre.co.in\/social-commentary\/advertisers-of-the-classist-atta-maker-pamphlet\/\">classist<\/a> jibe directed toward somebody who did not belong to the business circle. Mehta takes it to heart and spends nights practising golf on the terrace of his sea-facing apartment, eventually nailing it. He was already \u201cBSE ka Bachchan\u201d by then but that did not stop business elites from putting him down \u2013 it only alludes to the hostile nature they harbour toward \u201coutsiders\u201d. It also tells us a lot about the sheer ambition and drive of Harshad Mehta, who wanted to belong in the big league, and just get bigger and bigger.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Scam 1992: The Harshad Mehta Story<\/em> is a tale of money, ambition, power, and <a href=\"https:\/\/www.arre.co.in\/technology\/how-millennials-will-script-a-happier-2020-on-the-internet\/\">greed<\/a>. Living with four family members in a one-room apartment in the <a href=\"https:\/\/www.arre.co.in\/pov\/mumbai-redevelopment-gentrification-middle-class\/\">chawls<\/a> of suburban Mumbai, Harshad Mehta was hungry for success. A shrewd and quick-learner, he identified the stock market as his ticket to prosperity. Building up connections in the market, his rise from a petty \u201cjobber\u201d to a businessman who started his own company \u201cGrowmore\u201d was phenomenal. With his brother Ashwin (Hemant Kher) and trusted aide Bhushan (Chirag Vohra), he took on the foul-mouthed \u201cbear\u201d trader Manu Mundra (Satish Kaushik) and disrupted the \u201ccartel\u201d in the securities markets, led by Citibank\u2019s then India head AS Thiagarajan (Nikhil Dwivedi).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Digitisation was still a decade away, and <a href=\"https:\/\/www.arre.co.in\/pop-culture\/scam-1992-harshad-mehta-story-of-how-one-man-deceived-dalal-street\/\">Harshad Mehta<\/a> exploited loopholes in the system. \u201cRisk hai to ishq hai\u201d was his mantra and he constantly pushed the boundaries of legality. He was not shy of bribing officials, practising insider trading, or flouting RBI guidelines. Claiming to \u201cmake profits\u201d for everyone, he got India\u2019s biggest public sector banks, financial institutions and even the government involved in his get-rich-quick schemes. The party is brought to an end, thanks to the rigorous pursuit of the \u201cscam\u201d, by journalists Sucheta Dalal (Shreya Dhanwantry) and Debashis Basu. Introducing phrases like \u201cfinancial frauds\u201d to India\u2019s vocabulary, their well-researched articles in The Times Of India led to the eventual investigation by the RBI and CBI. The gripping 10-part series, directed by Hansal Mehta is based on the book by the duo titled <em>The Scam: Who Won, Who Lost, Who Got Away<\/em>.<br><blockquote class=\"quote--center\">The ambitions and aspirations of a pre-91 India have been astutely captured in <em>Scam 1992: The Harshad Mehta Story<\/em>.<\/blockquote><br><em>Scam 1992: The Harshad Mehta Story <\/em>throws light on the problems that continue to plague India even today like the failure of regulatory authorities to reign in scamsters. When the RBI Governor, played by Ananth Mahadevan, first gets a whiff of the scam, he leaks information to the press. Owing to political pressure, he can\u2019t disclose the information publicly. The righteous and tough CBI officer Madhavan (Rajat Kapoor) who wanted politicians (including PM Narsimha Rao) investigated is taken off the case for \u201coverreach\u201d. In the series, he leaves the room warning his boss that the CBI might be called a \u201ccaged parrot\u201d in the future, one that \u201conly repeats what it is told\u201d. The words are somewhat prophetic. Concerns around the independence of the CBI and RBI linger on even today, almost three decades later.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The show captures Gujarati culture and the nostalgia of \u201980s Bombay adds a nice flavour to the series \u2013 one even gets few glimpses of \u201cthe common man\u201d RK Laxman at <em>The Times of India office<\/em>, which is delightful. Financial concepts and jargons are explained through simple examples and the narration by Sucheta Dalal is sharp, accompanied by some vintage footage from back in the day. The ambitions and aspirations of a pre-91 India have been astutely captured.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The show will not make you hate Harshad Mehta, partly due to the fantastic and humane portrayal by Pratik Gandhi. He comes across as a man who neither created the loopholes, nor was the only one exploiting it. But the show definitely warns you against the perils of unlimited greed. While the series does showcase an instance of a person who committed <a href=\"https:\/\/www.arre.co.in\/health\/covid-19-is-making-me-suicidal-and-im-not-alone\/\">suicide<\/a> due to the losses, it doesn\u2019t aptly capture the devastation it caused to the lives of thousands of investors. The role of the family beyond the brothers also feels slightly under portrayed. However, Scam 1992 gets many things right, and will keep you hooked. It serves as a tale of caution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Harshad Mehta is a prime example of the fact that reputation can take years to build, but can come crashing down in a matter of minutes. As former UTI chief MK Pherwani (K.K. Raina) tells Harshad, \u201cTrust is always high in demand and short in supply.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scam 1992: The Harshad Mehta Story is a tale of money, ambition, power, and greed. Pratik Gandhi is very convincing as the Big Bull of Dalal Street. And though the series is engrossing, it doesn\u2019t aptly capture how the stock market scam devastated the lives of thousands of innocent investors.<\/p>\n","protected":false},"author":164,"featured_media":6829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82],"tags":[],"class_list":["post-6828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pop-culture"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scam 1992 Review: A Gripping Series that Humanises Harshad Mehta, But Also Warns About the Perils of Greed<\/title>\n<meta name=\"description\" content=\"Scam 1992: The Harshad Mehta Story is a tale of money, ambition, power, and greed. Pratik Gandhi is very convincing as the Big Bull of Dalal Street. 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