According to reports, Movies4u was used as a front to channel money into the stock market. Mehta would use the platform to collect money from investors, which would then be used to buy stocks and manipulate prices. The platform's user base was also used to create a false sense of demand for certain stocks, which would then be sold at inflated prices.
In recent years, there have been reports of a new series (S1) related to the Harshad Mehta scam, which has sparked renewed interest in the case. The series, which is reportedly a web series, aims to recreate the events leading up to the scam and its aftermath. movies4ubidscam 1992 the harshad mehta s1 new
The scam unraveled in April 1992, when the Securities and Exchange Board of India (SEBI) launched an investigation into the stock market irregularities. SEBI found that Mehta had been using Movies4u to launder money and manipulate stock prices. The investigation revealed that Mehta had been using the platform to collect money from investors, which was then used to buy stocks and manipulate prices. According to reports, Movies4u was used as a