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

If you love journalism, you will love the journey of Sucheta Dalal. This article talks about her early life and journey to success.

Sucheta Dalal

Who is Sucheta Dalal?

Sucheta Dalal was born in 1962. She is an author and business journalist for almost two decades and has conferred the Padma Shri award in 2006 for Journalism. She started her career in Fortune Magazine and she was the financial editor of TOI (Times of India) till the year 1998. After this, she worked with the Indian Express. She had written for other columns for Financial Express and Indian Express until 2008. 

In 2006, she worked as the editor of Money Life. To improve financial literacy in India, she invested to start her own magazine with her husband. 

Name Sucheta Dalal
Date of Birth 1962
Alma MaterKarnataka College, DharwadUniversity of Bombay 
Occupation Business Journalist
SpouseDebashis 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’s net worth is somewhere around 5 million and her controversy regarding her net worth is not mentioned anywhere.

Sucheta Dalal and Harshad Mehta

It was in the year 1992 that’s when suspicion fell on the Bachchan of Dalal Street. It was stated that Harshad Mehta himself and his staff were involved in manipulating the stock price. His fame and his lifestyle had multiplied by three times. He believed that anything could come true if you really believe in your dreams. 

The only thing that took Harshad Mehta was his rising fame in the stock market.

It was Sucheta who was not fooled like others. It is hard to imagine how difficult it would have been for her to have written against the media favorite Harshad Mehta. She started uncovering the details of the case to the extent. The scam became clear by 1998. 

The scam unraveled when the SBI chairman confirmed with the Times of India through an interview, and it back-to-back 500 crores of rupees into 770 crores in government securities that have vanished in 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?

Sharad Bilari is the source of Sucheta Dalal. Sucheta Dalal worked at the PR department of the SBI. Dalal Karamchand was also a source for Suchita. He followed every instruction by Sucheta Dalal. The last person who was a source of Sucheta Dalal was none other than the Governor of RBI that is S. Venkataraman

Sucheta Dalal on Harshad Mehta

On the Harshad Mehta scam, Sucheta Dalal said through an interview that “Harshad Mehta has profits of more than 2000 crore as he stood in 1992” She also mentioned that Harshad Mehta would return back the money to the banks, from which he had gained a lot of profits. 

Sucheta Dalal Career

Her career started as she studied BSc Statistics in Dharwad, Karnataka. She pursued LLB, LLM from Mumbai. Subsequently in 1984 Suchita began her career in journalism Dalal and joined the Times of India (TOI) and worked specifically on the business and economic wings which investigated a lot of prominent journalists and activists. It includes the infamous Harshad Mehta case of 1992 and the Ketan Parekh Scam and the IDBI Scam in 2001.

On Being Questioned About the Wrongdoing of Harshad Mehta?

Sucheta Dalal said that he obtained money from the bank and invested in the stock market at a fair share price. This is a common tactic that is followed by every investor in stocks. If you look at it, he just exploited some loopholes in the system. But maybe, Harshad would have provided back the money to the State Bank of India even, probably with no issues. 

Sucheta further stated that SBI made a huge profit. Harshad Mehta in fact made good profits for both the associated bank and his clients. Unlike modern-day scammers like Nirav Modi and Vijay Mallya, he did not abscond from the nation by taking away 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.

Sucheta Dalal also exposed the DHFL scam. The DHFL scam was our most recent hit. She exposed the connection between the Wadhwan who siphoned money from the company using shell companies and Daud Ibrahim and well-known Mumbai Don.

Sucheta Dalal got the Padma Shri award for her Stellar work in the field of journalism.

Sucheta Dalal has been awarded the Padma Shri award for the Harshad Mehta scam. She was subsequently awarded the Chameli Devi Award and the feminine woman of substance award.

In the recent tweet, Sucheta Dalal is known to target the Adani shares. Sucheta Dalal caused the stock to fall after her tweet that it was the first time Adani stocks reached 25%, a first for the group in a decade. The 59-year-old prominent journalist is known for recovering high-profile financial scams.

Conclusion 

Sucheta Dalal’s journalism journey is definitely a case study for young students and media enthusiasts in the nation. Read more about her and her defining stories to know more.