This episode is set in March 1992. Reporters from Doordarshan have come to meet Harshad Mehta for his views on the new budget.

In Madras Stock Exchange, people celebrate the 3000 point increase in sensex. During a meeting, the RBI governor asks institutions to not invest right now, and instead sell for the time being. After the meeting ends, SEBI governor says to Venkitaramanan that institutions will not obey his words because a stockbroker named Harshad Mehta has a strong hold in the share market. The SEBI governor asks him to investigate the matter. 

We can clearly understand Harshad’s position and hold in the stock market, the banks and thus to some extent also on the economy of the country!

On one such day, a man comes to meet Venkitaramanan. He says that he was present in that meeting and wanted to talk to him. The man tells him about the IT raid that happened in Harshad's house and requests him to look into the matter. He says that there might be something fishy going on in Harshad's business. 

Venkitaramanan goes to meet the IT officer. The officer tells him that  Harshad already knew that the raid would happen. He still thinks that Harshad has hidden most of his data on finances and the sources of his funds are dubious. The RBI governor asks his officers to check the current account statement of Harshad in SBI. There, he finds out that huge amounts are being transferred to his accounts regularly. All transfer entries are in crores. Venkitaramanan asks to continue the investigation further.

Meanwhile, Sitaraman knows about this and informs Harshad. Sitaraman forces Harshad to clear the Rs.170 crores due on him. But, Harshad cannot do so right now as sensex has come down and therefore, he needs the money. He asks Sitaraman to relax.

Harshad meets the RBI governor and tells him how his theory and strategies can help the Indian economy grow. He wants Venkitaramanan to talk to SBI about the troubles he has to go through because of the incessant investigations. But, Mr. Venkitaramanan refuses to listen to him. 

The story jumps to April 1992. Two SBI employees go to the branch manager, Khemani and tell him that Rs. 500 crores are missing from their books. They know that Sitaraman is responsible for managing the books, but he is currently on  leave. Khemani asks his employees to cancel his leave, bring him back and interrogate him.

During the interrogation, Sitaraman tells them that he gave Rs. 500 crores without SGL. He says that he has the BR. When asked to give the BR, Sitaraman confesses that it is with Harshad Mehta as he was the one who took the money.

Khemani calls Harshad for a meeting and asks him to pay the money back as soon as possible. Harshad asks for a week to return the full amount.

Within a week, Harshad manages to return the money by selling his holdings to Pherwani's National Housing Bank, the man who had once refused to work with him.

Tyagi and Kedia were in the illusion that Harshad will come to them for help and are disappointed as they had plans to take advantage of the situation. They cannot fathom how Harshad has managed to return the money when the stock market is closed due to a strike. They call one of their acquaintances in SBI to dig further. Sharad Bellary picks up the call. 

The ending of this episode is very unexpected. It has left me on a cliffhanger with many questions raging inside. What will happen to Harshad now? There are so many thoughts somersaulting in my head. 

Episode Rating 4/5