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HOME > NEWS > Scam 1992 Season 01 Episode 02 Recap: Cobra Killer

Scam 1992 Season 01 Episode 02 Recap: Cobra Killer

The atmosphere of the Mehta household has become tense due to their loss of Rs.10 lakhs in the share market. However, Harshad has plans to revive their situation.

Scam 1992 Season 01 Episode 02 Recap: Cobra Killer

In the previous episode, we saw Harshad Mehta as a lower middle class man who has entered the share market as a jobber. He became one of the most successful jobbers of BSE. But, due to a crash in the share market, he bears a loss of Rs.10 lakhs.

The scene is set in May1982, after the stock market crash. The episode starts with  Ashwin's wife working in a parlour. On returning home,  she has a conversation with Ashwin. He is worried about their financial crisis and wants to take up a Sri Lanka based job. offered to him. Howevershe trusts Harshad and asks Ashwin to not take any big decisions right away, for Harshad is there to pull them out of this crisis. Also, for now,  she can support the family financially with her salary. 

Harshad and Ashwin’s father, Shantilal, asks them about the debt they have to clear after the loss. Ashwin answers that they still have Rs. seven lakhs to pay back. Next day, they visit Suresh, one of their brokers' who has suspended their trading account due to the loss. Shantilal pays him back by giving him all the family gold and their property papers. Suresh refuses to accept the property papers as they are well acquainted and therefore he trusts them. The Mehtas promise to pay the rest of the amount in installments.

At night, Shantilal sits beside Harshad to talk. He is worried that they might have to leave Bombay and suggests Harshad to get a proper job. But Harshad does not want to leave the Bombay Stock Exchange. He asks his father to go and sleep peacefully.

But very unfortunately, Shantilal goes through a heart attack in the middle of the night and passes away.

Next day when people come to pay tribute to Shantilal, Ashwin and Harshad are standing at a distance where Ashwin is seen sobbing. Ashwin regrets not having any knowledge of his father’s heart condition, or they would have taken him to the hospital. Harshad says that they do not have enough money for the treatment, and it is a good thing that he faced a peaceful death. Ashwin tells him how their father was always worried about Harshad.

One day, both the brothers are seen sitting at a tea stall near the Bombay Stock Exchange when Ashwin tells Harshad about his job in Sri Lanka. Harshad does not look happy on hearing this. He wants him to stay and assures Ashwin that they will find a way out of their financial crisis. While they were talking, Vikas, a friend of Harshad, comes up to them and thanks Harshad for his good advice. His advice had helped Vikas make a substantial profit in the share market. Harshad gets an idea -. he suggests Ashwin to open a consultancy firm together. He explains they will advise their clients and help them make profits, which will help the brothers earn commission. 

To give their idea a foundation, they both go to their very first client who is a chartered accountant and persuade him to invest Rs. One lakh with them. 

Harshad and Ashwin named their company ‘Growmore’.

They then go to their other client, Suresh Bhai, who has already made an appearance earlier in this episode. Suresh says how  english names help Indian companies grow more and also invests with them.

They rent their father's former office in Kalbadevi. It is small and not maintained, but Harshad settles for it due to his sentimental attachment to the place.

The next morning, Harshad comes to the office with loads of tea packets in his arms. He explains that the unseasonal monsoon in Africa has led to decline in their tea exports, which is a great opportunity for Indian tea manufacturers. Thus they would invest their clients money in Indian tea companies - a great example of the Harshad Mehta wit.

Pranav comes to meet Harshad and taunts him on having such a small office. Harshad wants Pranav to arrange meetings for him with corporate clients. Pranav organizes a party where a few corporate clients are invited. Harshad wins them over and collects big  cheques from those investors. Pranav is both surprised and impressed.

In the next scene,  Sucheta is seen in a conversation with some people from the  Times of India, which she is willing to join as a finance journalist. She is ready to work even at a low salary. She meets Debashis over there. He takes her to tour the Bombay Stock Exchange. Harshad and Ashwin pass by her. They are discussing recruiting more people in their company, especially someone who's an expert in managing the ring as well as the office. One person who comes to Harshad's mind is Bhushan Bhatt, the jobber at Ambala's office. 

He meets Bhushan, but he is hesitant to leave his job and work at a lower salary for Harshad. But, when Harshad calls him his partner, Bhushan is convinced.The Mehta brothers shift to a bigger office with their team.

On 31 October, 1984, Prime Minister Indira Gandhi was assassinated and Rajiv Gandhi would continue her legacy by becoming the next  Prime Minister. Assessing the impact of the news on the stock market,Manu Mundra, the ‘Black Cobra’ tries to bring down the market by squaring off. Pranav asks Harshad to pull out all the money from the market and play safe. But, Harshad goes forward with his own strategy.hey get a call from Bhushan. He has the inside news that Black Cobra has sold his -Indrol shares. Therefore, Harshad asks all his clients to invest in Indrol, which causes a big loss to Mundra. 

The new budget presented in February 1986 does not have  the liberal policy aspect that Harshad had expected and he makes a huge loss..

To bring Harshad down, Black Cobra decides to tarnish his reputation by spreading a rumour that Harshad has faced a great loss inSPIC and is cash crunched. However, Harshad has strong contacts in the market, and gets to know about the scheme from a journalist.Harshad makes a plan to pay all the dues 14 days in advance. He even starts paying for everyone's tea at the Bombay Stock Exchange tea stalls to gain respect and trust. Therefore, Black Cobra is defeated at his own gameMundra is still sitting with the same attitude, arrogance and confidence reflected on his face. The game is far from over.

This episode did not have the same rush of the first episode, but takes the story further. It does leave the viewers curious about what is in store next.

Episode Rating 3.5/5