Entertainment News

Web series on 1992 Harshad Mehta securities scam in the works

Applause Entertainment will adapt Sucheta Dalal and Debashis Basu’s ‘The Scam’, which detailed the fraud and the subsequent expose.

A web series on the 1992 stock market scam masterminded by stockbroker Harshad Mehta has been announced. Applause Entertainment, Sameer Nair, will produce a 10-episode adaptation of Sucheta Dalal and Debashis Basu’s 1993 book The Scam, which detailed how Mehta gamed the financial system by selling worthless bank receipts. No director has been announced yet.

The web series will chronicle the story of the broker who “discovers a loophole in the system and achieves overnight success in the stock market”, said a press release. The series will also talk about how Dalal, a Padma Shri-winning journalist, exposed the fraud.

“It is uncanny how the banking system continues to be exploited through systemic loopholes,” Dalal said in a statement about the web series. “It was Harshad Mehta using fake BR [bank receipts] in 1992. Now it is Nirav Modi using fake LoU [Letters of Undertaking]. As if nothing has changed.”

The Scam was first published in 1993 and was updated several times over the years, significantly, after the 1998-2001 Ketan Parekh scam came to light.

Applause Entertainment is also collaborating with Nagesh Kuknoor on the web series City of Dreams, a political drama. It has partnered with BBC Worldwide to produce the Indian versions of the popular television shows The Office, Criminal Justice and The Night Of.

Support our journalism by paying for Scroll+ here. We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Why should inclusion matter to companies?

It's not just about goodwill - inclusivity is a good business decision.

To reach a 50-50 workplace scenario, policies on diversity need to be paired with a culture of inclusiveness. While diversity brings equal representation in meetings, board rooms, promotions and recruitment, inclusivity helps give voice to the people who might otherwise be marginalized or excluded. Inclusion at workplace can be seen in an environment that values diverse opinions, encourages collaboration and invites people to share their ideas and perspectives. As Verna Myers, a renowned diversity advocate, puts it “Diversity is being invited to the party, inclusion is being asked to dance.”

Creating a sense of belonging for everyone is essential for a company’s success. Let’s look at some of the real benefits of a diverse and inclusive workplace:

Better decision making

A whitepaper by Cloverpop, a decision making tool, established a direct link between inclusive decision making and better business performance. The research discovered that teams that followed an inclusive decision-making process made decisions 2X faster with half the meetings and delivered 60% better results. As per Harvard Business School Professor Francesca Gino, this report highlights how diversity and inclusion are practical tools to improve decision making in companies. According to her, changing the composition of decision making teams to include different perspectives can help individuals overcome biases that affect their decisions.

Higher job satisfaction

Employee satisfaction is connected to a workplace environment that values individual ideas and creates a sense of belonging for everyone. A research by Accenture identified 40 factors that influence advancement in the workplace. An empowering work environment where employees have the freedom to be creative, innovative and themselves at work, was identified as a key driver in improving employee advancement to senior levels.


A research by Catalyst.org stated the in India, 62% of innovation is driven by employee perceptions of inclusion. The study included responses from 1,500 employees from Australia, China, Germany, India, Mexico and the United States and showed that employees who feel included are more likely to go above and beyond the call of duty, suggest new and innovative ways of getting work done.

Competitive Advantage

Shirley Engelmeier, author of ‘Inclusion: The New Competitive Business Advantage’, in her interview with Forbes, talks about the new global business normal. She points out that the rapidly changing customer base with different tastes and preferences need to feel represented by brands. An inclusive environment will future-proof the organisation to cater to the new global consumer language and give it a competitive edge.

An inclusive workplace ensures that no individual is disregarded because of their gender, race, disability, age or other social and cultural factors. Accenture has been a leading voice in advocating equal workplace. Having won several accolades including a perfect score on the Human Rights Campaign’s Corporate equality index, Accenture has demonstrated inclusive and diverse practices not only within its organisation but also in business relationships through their Supplier Inclusion and Diversity program.

In a video titled ‘She rises’, Accenture captures the importance of implementing diverse policies and creating an inclusive workplace culture.


To know more about inclusion and diversity, see here.

This article was produced by the Scroll marketing team on behalf of Accenture and not by the Scroll editorial team.