Sucheta Dalal: Sources, Scams, Net Worth, Harshad Mehta

Who is Sucheta Dalal?

In 1962, Sucheta Dalal was born. She has been a business writer and author for nearly two decades, receiving the Padma Shri award for journalism in 2006. She began her work at Fortune Magazine and later served as the financial editor of the Times of India until 1998. She went on to work for the Indian Express after that. During 2008, she contributed to various Financial Express and Indian Express pieces.

She was the editor of Money Living in 2006. She invested in her own magazine with her husband to enhance financial literacy in India.

Name  Sucheta Dalal
Date of Birth  1962
Sucheta Dalal Net Worth > 50 Lakh
Alma Mater Karnataka College, DharwadUniversity of Bombay 
Occupation  Business Journalist
Spouse Debashis Basu
Conferred with  Padma Shri Award in 2006

Sucheta Dalal Husband

She keeps her personal life very secretive and never opens up in front of the media or any social handles about her family. Except for the fact that she is married to Debashish Basu, who is also a writer.

Sucheta Dalal in Scam 1992

Sucheta Dalal is the co-author of the book “The Scam, The: Who Won, Who Lost, Who Got Away”. The book is the depiction of the Harshad Mehta and Ketan Parikh scam. The scam took place in 1992 in the Indian stock market. The book was received by both critics and fans. It gives a deeper understanding of the scam to the Reader. The book is the inspiration for creating the web series of Harshad Mehta Scam 1992 recently. Her presence of mind, higher legal skills, and higher professional journalism bought her Padmashree in 2006.

Sucheta Dalal Net Worth

Sucheta Dalal, the Padmashree winner, has a net worth of roughly 50 lakh, yet there is no mention of her net worth dispute anywhere.

Sucheta Dalal and Harshad Mehta

It was in the year 1992 that suspicion fell on the Dalal Street Bachchan. It was claimed that Harshad Mehta and his team were involved in stock price manipulation. His celebrity and way of life had grown threefold. He thought that if you truly believe in your dreams, anything is possible.

Harshad Mehta was only taken because of his burgeoning stock market reputation.

Sucheta, unlike the others, was not duped. It’s difficult to comprehend how difficult it would have been for her to write against Harshad Mehta, who is a media darling. She began to piece together the details of the case. By 1998, the con had become obvious.

The scam was exposed when the SBI chairman revealed in an interview with the Times of India that 500 crores of rupees had been converted into 770 crores in government securities that had vanished from the subsidiary general ledger.

It was funny that Harshad Mehta fell in the stock market and then he bounced back, again and again, and entered the stock market.

Who was Sucheta Dalal Source?

Sucheta Dalal gets her information from Sharad Bilari. Sucheta Dalal worked in the SBI’s public relations department. Suchita got her information from Dalal Karamchand. Sucheta Dalal’s instructions were followed to the letter. Sucheta Dalal’s most recent source was none other than S. Venkataraman, the Governor of the Reserve Bank of India.

Sucheta Dalal on Harshad Mehta

In an interview, Sucheta Dalal stated that Harshad Mehta had profits of more than 2000 crore when he was in office in 1992. She further stated that Harshad Mehta will repay the money to the banks, from which he had profited greatly.

Sucheta Dalal Career

Her professional career began while she was studying BSc Statistics in Dharwad, Karnataka. She studied LLB and LLM in Mumbai. Following that, in 1984, Suchita Dalal began her career in journalism at the Times of India (TOI), where she worked on the business and economic wings, investigating a number of renowned journalists and campaigners. The iconic Harshad Mehta case from 1992, as well as the Ketan Parekh Scam and the IDBI Scam from 2001, are all included.

On Being Questioned About the Wrongdoing of Harshad Mehta?

Sucheta Dalal said he borrowed money from the bank and put it into the stock market at a reasonable price. This is a basic strategy that every stock investor employs. When you think about it, he simply took advantage of some flaws in the system. But it’s possible that Harshad would have returned the money to the State Bank of India with no problems.

SBI, according to Sucheta, made a large profit. Harshad Mehta was successful in making money for both the affiliated bank and his clientele. Unlike modern-day con artists such as Nirav Modi and Vijay Mallya, he did not flee the country by stealing people’s money.

Facts About Sucheta Dalal

Sucheta Dalal brought to light the Harshad Mehta scam. The Harshad Mehta scam was the biggest money marketing stamp which was announced for over 5000 crores. The fraud involved using bank receipts and stamp paper which caused the market to crash only to save him. As a result, the Indian financial system was completely formed by adding an online security system to tackle the inherent loopholes in the Indian financial system.

The DHFL swindle was also discovered by Sucheta Dalal. Our most recent swindle was the DHFL. She established the link between the Wadhwan, who used shell firms to steal money from the corporation, and Daud Ibrahim, a well-known Mumbai Don.

Sucheta Dalal was awarded the Padma Shri for her outstanding contributions to journalism.

The Padma Shri award was given to Sucheta Dalal for her role in the Harshad Mehta scandal. She received the Chameli Devi Award and the Feminine Woman of Substance Award after that.

Sucheta Dalal is alleged to be targeting Adani shares in a recent tweet. After Sucheta Dalal tweeted that Adani shares had touched 25% for the first time in a decade, the stock dropped. The 59-year-old journalist is well-known for uncovering high-profile financial frauds.

Conclusion 

Sucheta Dalal’s journalism career is unquestionably a model for young students and media lovers around the country. Learn more about her and her defining stories by reading more about her.

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