Renovation takes place in Harshad’s house. His wife, Jyoti has a bad intuition that things are not well at Harshad’s workplace. Jyoti is worried because of the article on Harshad, which talks about the Rs. 500 crores scam carried out by him. It's on the front page of the newspaper and has circulated all around the country. His name is not mentioned in the article. Instead, he is referred to as the 'Big Bull'.

Harshad gives a speech in a seminar. He confesses to everyone that the ‘Big Bull’ mentioned in the newspapers is no one else but him, and the news of the Rs. 500 crore loan from SBI is true. He adds that he has already returned the money yet the media is going against him. Ashwin looks perturbed by his speech. He did not expect Harshad to believe that the article was about him. He is afraid that Harshad has made way for more speculation. Harshad's ego has taken over him so adversely that he is repudiating the tension raging inside him.

Sucheta’s senior, Rajdeep is not happy with the article. Since Harshad has returned the amount, the article has no motive anymore.

When the RBI Governor, Venkitaramanan reads the article by Sucheta, he is upset to not have prior knowledge of Harshad’s deal with SBI. He has made the new guidelines clear to all the banks that transactions will not take place without a BR. He wants the truth to be revealed and asks his officials to use their sources in every bank to conduct a tough audit.

28 April 1992. The market finally opens after a long strike. But, this time people do not invest in Harshad’s company. Because of so many speculations, people have lost trust in him. This is news to celebrate for Mundra’s people. They are sure that Harshad will not be spared this time.

Harshad is troubled because of the loss. Points in the market have dropped drastically and Ashwin is worried that if they keep facing such losses then they won’t be able to pay back Pherwani, the man who lent them Rs. 500 crores. Harshad is really distressed and takes out his anger on his colleagues.

For the first time in history, sensex has dropped to this level in Bombay Stock Exchange and Harshad’s investors have made heavy losses. Tyagi and Kedia enjoy the sight of Harshad being in trouble.

Pherwani calls up Harshad and asks him to pay back the money as soon as possible. He does not want his bank, the NHB, to face any humiliation. Harshad looks perplexed. He has no idea how to pay back the amount to Pherwani at the moment.

Sucheta tells her source that Growmore has not made any deal in the past few days. This means that the company has not sold its assets. So, how was he able to pay back a huge amount of Rs. 500 crores? Sucheta suspects that Harshad went to another bank for the loan.

Harshad wants to get out of this mess in any way possible. So, he goes to a foreigner banker and asks him to release a fake BR. The foreigner refuses to go against the system. Harshad comes back unsuccessful.

In another scene, a man secretly gives a file to Sucheta in a deserted area. It is a list of all the banks that Harshad has ever had a deal with.

Venkitaramanan also gets a file of Harshad’s deals with other banks. All his irregularities with regards to securities are mentioned in it. He asks his officials to investigate more into this matter. After a lot of investigation, the RBI governor comes to a conclusion that this is India’s biggest financial scam ever. It was a scam of Rs. 5000 crores. Next day, this news gets printed as the headline.

The Finance Minister is stressed out because of the news. To save his reputation, he calls up Venkitaramanan and asks him to hold a press conference where he will have to deny the huge amount involved in this financial scam. But Venkitaramanan does not want to lie to the public. In the press conference, he becomes nervous and is not able to provide an answer to all the allegations.

RBI gets the information that NHB (the subsidiary bank of RBI) gave Harshad a ready-forward cheque to repay SBI. This makes the RBI governor very furious. He sets up an enquiry committee, including the CBI, to investigate this case. He asks for their most experienced officer to handle the investigation. The CBI chief assures him that he will send their most clever officer, Mahadevan for this case.

This episode has left me brimming with anticipation and made me really curious to know what will happen next. This is the first time I have witnessed fear on Harshad Mehta’s face. The performance of each and every actor is remarkable and in this episode, I believe all of them have done a great job.

Episode Rating 4/5