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HOME > NEWS > Scam 1992 Season 01 Episode 03 Recap: Paise Ki Dukaan

Scam 1992 Season 01 Episode 03 Recap: Paise Ki Dukaan

Harshad wants to play in a bigger field now. He goes from one bank to another in search of partnerships.

Scam 1992 Season 01 Episode 03 Recap: Paise Ki Dukaan

In the previous episode, we saw Harshad and Ashwin open a consultancy firm with the name "Growmore". The firm is a success. It is profiting the investors as well as Harshad.

By 1986, Harshad realized that he cannot play well in the market with just his own funds. So, he tries institutional broking for bigger funds.

He goes to meet the Chairman of Unit Trust of India, Mr. M.J. Pherwani, also known as the 'Big Bull'. Harshad offers to invest with large returns in the share market, but Pherwani refuses. He narrates to Harshad about the time when Harshad and his brother had sold all his shares due to a clerical misunderstanding and put him in loss. Pherwani bluntly replies that he does not trust Harshad or the way he conducts his business. Harshad comes back unsuccessful

Harshad and Pranav meet at a party, where Harshad looks triggered. He says to Pranav that if he has enough funds, he would take the sensex up by 4000 points.

Here, he meets Ajay Kedia who had caused the Black Thursday Crash in 1982 and Harshad had to face a huge loss. When Harshad tries to have a conversation with him, Kedia is arrogant and sidelines him..

Harshad asks Pranav why this man's feet are not on the ground, to which Pranav's response is that Kedia is from a family of traders and handles both the money market as well as the share market.

After seeing Kedia's success, Harshad also comes up with a plan to enter the money market. He explains to everyone in his office about the functions and procedures of the money market. Instead of the stock exchange, people here deal with bonds and securities.

Harshad goes to meet K.C.Tyagi, the India Head in the Citibank Head Office. Tyagi asks him to stay away from the money market as it is more complex than the share market, and refuses to work with him.

Now, Harshad goes to meet the Treasury Chief of Bank of America, Niraj Chopra. But, Niraj is flying to Madras the next day and is not available. Harshad books a ticket in the same plane.There he meets Niraj Chopra and they indulge into a serious discussion about the dominance of Citibank in India. Niraj is frustrated because of Citibank's way of working and tells Harshad that they have formed a team in which Kedia is also included and it does not allow any outsiders to enter the main game..

Harshad explains his plan to Nirajand assures him to help Bank of America grow and place it at par with Citibank. He goes with Niraj to meet some other bankers. There, he convinces them to work with him. They plan to team up with small banks to break the monopoly of Citibank.

After dominating the smaller banks, Harshad becomes greedy and wants to work with State Bank of India now. He offers them the best brokerage rate in the market. The SBI head already knows about Growmore, its style of working and appreciates Harshad. He calls him a man of integrity who never lets down his clients. Thus, SBI agrees to work with him.

While in the car, Harshad asks about the cheque sent by Canara bank for securities. When Ashwin gives him the cheque, Harshad suggests to him to keep it in their own account for ten days before they have to return it to Canara Bank. Ashwin is against this as it might create trouble for them. But Harshad manipulates him by talking about his master plan.

Harshad is back in Bombay Stock Exchange. After hearing about Pranav acing the stocks of ACC Cement, and Black Cobra being behind the same stock, he wants to take advantage of it too. Harshad invests the money which the banks give their brokers for buying best deals when needed. Because the system was slow, Harshad benefited from this loophole. 

Harshad is now profiting from everywhere, without letting any of his people down. 

One day, Bhushan comes in with the information that a big bank is asking for securities worth Rs. 200 crores. But, they did not have the amount. So, Harshad goes to a small bank, Bank of Karaj, where they do not even have enough money to pay their own employees. He manipulates the Head of the branch to release a bank receipt of Rs. 200 crores, even though they don't have the securities. He promises a commission of Rs. 4 crores for the favour, which will help improve the bank’s condition. This forces the Head to go along with Harshad’s request.

RBI is informed about the fishy activities happening in banks. So, the RBI governor, Venkitaramanan asks his people to investigate the irregularities in their dealings.

Sucheta gets to know about this from an insider, and prints an article on the same.

Harshad goes to Rico Bank Central Branch to channelize all the funds. He wants the government to invest its PSU’s capital in the share market so that the government also gains profit. Now, ONGC, Coal India, NHPC etc. directly invest in bank PMS and indirectly in the share market.

After winning the big games of the market, Harshad has now become a celebrity. He earns more than anyone has ever earned in the share market.

Manu Mundra boils with rage at his success. 

Harshad also snatches away Kedia's chance to buy a brand new imported car by bribing the dealer.

Later one night, he gets a call from Delhi. A man called Santswami thanks him over the phone for helping their political party during the election. He said they would like to continue having the same relation with him in future, to which Harshad happily agrees.

We see Harshad become greedy and arrogant as he progresses in life. The show has a lot to tell about human nature and their never ending demands from life. The background song at the end, 'Do din ki zindagi, do din ka mela' really adds up the essence of the episode.

Episode Rating 3.5/5