This question is correctly answered by choosing Option C. Harshad S. Mehta Group pertained to the defrauding of SBI for about Rs.600 crore. Shri Harshad S. Mehta and his brothers, Shri Ashwin Mehta and Shri Sudhir Mehta, were arrested in 1992 and that is when he made the remark of viewing himself as a kind of Pied Piper.
It was an evil idea and many suffered, not least the bank official caught up in the fraud and who died before his name was cleared.
Harshad mehta-harshad mehta promised the ultimate rags to riches story - from the small town boy who was once rusticated from school to sultan of dalal street with all the trappings of wealth such as a fabulous house, a fleet of cars and multiple stock exchange memberships. charismatic, ebullient and recklessly ambitious, harshad mehta set out to be a role model for investors. i thought id be like pied pier, he had told a newspaper in 1992, i thought i can sell dreams... that asset-creation is not a crime, that if you wanted to be harshad mehta come to the stock market.