Applause Ent greenlights web series based on Harshad Mehta scam

MUMBAI: Applause Entertainment will bring alive the 1992 securities scam involving Harshad Mehta through web-series titled ‘The Scam’ based on Sucheta Dalal and Debashis Basu’s book.

The 10-episode web-series will be based on Dalal and Basu’s book ‘The Scam’ detailing the securities scam of 1992. The multi-crore securities scam involving Harshad Mehta rocked the Bombay Stock Exchange and other stock exchanges in 1992. It was about irregularities in securities transactions and fund management by banks and other financial institutions.

Applause Entertainment CEO Sameer Nair said, “The Scam had me hooked from the start. We are thrilled to work with Sucheta and Debashis on adapting this book into a riveting drama series. With their active collaboration on the screenplay, it promises to be an edge of the seat D-Street drama. These are indeed exciting times for digital content.”

“It is uncanny how the banking system continues to be exploited through systemic loopholes. It was Harshad Mehta using fake BR in 1992. Now it is Nirav Modi using fake LoU (Letter of Undertaking). As if nothing has changed. We are very excited to collaborate with Applause Entertainment, and see the drama and excitement of 26 years ago, from an era when there were no cellphones or Internet, being recreated for the digital age,” Dalal said.

Applause Entertainment has also partnered with BBC Worldwide to produce Indian version of BBC formats like ‘Criminal Justice’ and ‘The Office’.

It has also collaborated with Nagesh Kukunoor for a political drama series ‘City of Dreams’. Earlier, it had acquired rights of the first chapter of Shiv Aroor and Rahul Singh’s book ‘India’s Most Fearless: True Stories of Modern Military Heroes’ to produce a series on surgical strikes conducted by the Indian army in 2016.

The 10 part drama series, which is being produced by Irada Entertainment for Applause Entertainment, is being planned for a 2018 launch. The project is being led by film director Samar Khan.

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