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The mechanics of the scam relied on the misuse of Ready Forward (RF) deals and Bank Receipts (BRs). In a pre-computerized era, Mehta exploited the lack of transparency between banks to secure short-term loans against non-existent government securities. By forging bank receipts, he funneled massive liquidity into the Bombay Stock Exchange, artificially inflating stock prices to unprecedented heights. This "replacement theory" created a speculative bubble that eventually burst when the illegal diversion of funds was uncovered by journalist Sucheta Dalal. Can’t copy the link right now

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He then routed hundreds of millions of rupees of this unbacked bank liquidity straight into his personal brokerage accounts. This massive capital influx was used to aggressively drive up stock prices on the Bombay Stock Exchange (BSE), creating a massive, artificial market bubble before the system ultimately unravelled under investigative scrutiny. Understanding "MLSBD" and Mirror Architectures : For a safe and high-quality viewing experience,

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