The Scam 1992 web series is the latest sensation that has people hooked to their television set. Recalling the events of one of India’s biggest stock market scams and its perpetrator, Harshad Mehta, this web series is directed by acclaimed filmmaker, Hansal Mehta.
The series is set in the 1980s and 90s Bombay (now Mumbai) and is based on the book ‘The Scam: ‘Who Won, Who Lost, Who Got Away’ by Debashis Basu & Sucheta Dalal. The 10-episode series was released on 9th October, and here we bring you all the exciting details and synopsis of the series.
The first few episodes of Scam 1992 showcase the initial story of Harshad Mehta, living a humble life. However, the life of a middle-class person in India’s financial capital is not enough for Harshad who decides to try his luck at the Bombay Stock Exchange (BSE) with the help of his friend, Bhushan. Soon, he starts working as a ‘jobber’ and learns the tips and tricks of the stock trade.
The ride isn’t smooth-sailing at first with Harshad dealing with bankruptcy but being a fast-learner, he soon finds a way to get out of the mess and use the market for his advantage. He sets up his own consultancy business under the name of ‘Growmore Consultancy’ with the help of his friends Pranav Sheth and Bhushan.
With all records maintained on paper and PM Rajiv Gandhi’s economic policies, Harshad finds several loopholes to be exploited for personal gain. He soon starts to rise to dizzying heights and also finds his way to the money market. Here, he realises that one bank and its brokers are the dominant players. He takes on SBI as a client and soon starts to build his network in the market.
By this time the thrill of earning money and exploiting the system has taken a grip on Harshad and he starts using bribery and corruption as his avenues to rise. He also manages to score some of the biggest banks as his clients, strengthening his dominance in the stock market.
His success brings him high-class luxuries such as a mansion, expensive cars and an indulgent lifestyle. However, with success comes fame, and soon Harshad Mehta comes on the radar of a Times of India journalist Sucheta Dalal, who is curious about this financial wizard’s success. The sudden onslaught of funds in his accounts also raises suspicions at the Reserve Bank of India (RBI) and Governor Venkitarajan issues the order to track the account.
With so many people closing in, Harshad needs to start exercising caution. He starts to move his funds around cooking the books to avoid surveillance. He omits to record a transaction of Rs 500 crores in his books to keep the watchers at bay. The scam 1992 web series creates the perfect tension at this point to keep the audience hooked and guessing as to what comes next.
Even though Harshad didn’t report his last transaction, Rs 500 crores is a big amount that can’t go unnoticed for too long. Journalist Sucheta, still on Harshad’s tail, gets to know of this missing amount and decides to pursue it. She also registers that Harshad has paid off all his debts to the bank (SBI) adding to her curiosity about his financial dealings.
Simultaneously, RBI Governor Venkitarajan is also following the case and realises that there are multiple banks involved in the deal. He launches an in-depth investigation which brings forth a host of revelations. Next, the CBI is involved and an official investigation into Harshad Mehta and the banks is launched.
Sucheta and Venkitarajan work with CBI officer Madhavan to uncover the truth. What follows is Harshad’s desperate attempt to escape and shocking death. The conclusion of the series brings forth several unexpected revelations which are sure to take the audience by surprise. Even those who remember the 1992 scam, will learn more about the person and his dealings in this wonderfully-created web series.
A lot of success of the series can be attributed to the cast and crew of the film. Gujarati theatre and film actor Pratik Gandhi essays the role of Harshad Mehta flawlessly. Other notable cast members include Shreya Dhanwanthary as Sucheta Dalal, Chirag Vohra as Bhushan Bhatt, Anant Mahadevan as RBI Governor Venkitarajan, Nikhil Dwivedi as A.S. Thiyagarajan and Rajat Kapoor as CBI officer Madhavan.
The background score of the series is perfectly written to evoke the right emotions from the audience; be it the care-free early days of Harshad Mehta or the final days of the scam being unravelled. The opening track by Achint Thakkar has also been well-appreciated for its energy while the use of retro music adds a hint of nostalgia to the series.
The series is well-detailed and is spread out over 10 1-hour episodes that take audiences through the 12 main years of the Harshad Mehta story. So, if you’re looking for something to binge this weekend, get hooked to this series for a thrilling ride.