iWorld
From stock market to screen: SonyLIV’s Scam 1992 is a cautionary tale
KOLKATA: In April 1992, mayhem hit the Indian financial sector as the nation woke up to the biggest stock market scam. So huge was its impact on Dalal Street that it led to structural changes in the financial security system of India with new reforms in stock trades. However, what remains untold is the story of the mastermind behind it. Scam 1992 – The Harshad Mehta Story, SonyLIV’s latest tentpole show, is about the charismatic stockbroker who orchestrated a previously unheard-of Rs 5,000-crore securities scandal.
Unravelling the man from the myth over the course of 10 nail-biting episodes, the show will drop on the OTT platform on 9 October. With it, SonyLIV is hoping to boost its subscriber base while fulfilling its promise to deliver more original content.
Produced by Applause Entertainment in association with Studio Next, this series is a financial crime thriller based on the bestseller book The Scam written by notable journalists Debashis Basu and Sucheta Dalal.
The series is a gripping tale of the meteoric rise and fall of the flamboyant big bull of the stock market – Harshad Mehta. Directed by national award-winning filmmaker Hansal Mehta, the series is led by Pratik Gandhi and Shreya Dhanwanthary along with an ensemble cast of Satish Kaushik, Sharib Hashmi, Anant Mahadevan, Nikhil Dwivedi, KK Raina and Lalit Parimoo, among others. The creative team comprises dialogue writers Sumit Purohit, Saurav Dey, Vaibhav Vishal and Karan Vyas.
Director Hansal Mehta said the story, or cautionary tale, is more relevant than ever in these troubled times where a new multi-billion dollar scam is uncovered every other day and the conmen responsible fly the coop with uncanny ease.
“This show gives you an intimate peek into the middle-class aspirations of a common man who rose from rags to riches while managing to subvert and deceive the banking system. It talks about what the system, if not mended, might make people do. The system doesn’t seem to have mended. There is scam on scam,” Mehta averred.
Having helmed films about complex socio-political issues, like Shahid starring Rajkummar Rao, and Manoj Bajpayee-led Aligarh, Mehta found the enormity of Scam 1992 to be a quite a unique challenge.
"I've told many true stories but to put this kind of long-form writing on screen was a huge challenge. It was perhaps the biggest, single largest challenge that I've had after making almost 15 feature films," he said.
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The makers spent over three years on the show to ensure absolute accuracy, from the script, to choice of actors, and the overall treatment.
“Scam 1992 – The Harshad Mehta Story reflects on a landmark event in the Indian stock market. The incident was integral in shaping India’s financial security systems and hence was a story waiting to be told,” Studio Next head Indranil Chakraborty said.
Applause Entertainment CEO Sameer Nair said that with Scam 1992, the company hopes to raise the bar of premium series in India in terms of creativity and production while staying true to the original source material.
iWorld
Meta warns 200 users after fake Whatsapp spyware attack
Italy-targeted campaign used unofficial app to deploy surveillance spyware.
MUMBAI: It looked like a message, but it behaved like a mole. Meta has warned around 200 users most of them in Italy after uncovering a targeted spyware campaign that weaponised a fake version of WhatsApp to infiltrate devices. The attack, first reported by Agenzia Nazionale Stampa Associata, relied on classic social engineering with a modern twist: persuading users to download an unofficial WhatsApp clone embedded with surveillance software. The malicious application, believed to be developed by Italian firm SIO through its subsidiary ASIGINT, was designed to mimic the real app closely enough to bypass suspicion.
Meta’s security teams identified roughly 200 individuals who may have installed the compromised version, triggering immediate countermeasures. Affected users were logged out of their accounts and issued alerts warning of potential privacy breaches, with the company describing the incident as a “targeted social engineering attempt” aimed at gaining device-level access.
The malicious app was not distributed via official app stores but circulated through third-party channels, where it was presented as a legitimate WhatsApp alternative. Once installed, it reportedly allowed external operators to access sensitive data stored on the device turning a simple download into a potential surveillance gateway.
According to Techcrunch, Meta is now preparing legal action against the spyware developers to curb further misuse. The company, however, has not disclosed details about the specific individuals targeted or the extent of data compromised.
A Whatsapp spokesperson reiterated that user safety remains the top priority, particularly for those misled into installing the fake iOS application. Meanwhile, reports from La Repubblica suggest the spyware may be linked to “Spyrtacus”, a strain previously associated with Android-based attacks that could intercept calls, activate microphones and even access cameras.
The episode underscores a growing reality in the digital age, the threat is no longer just what you download, but where you download it from. As unofficial apps become increasingly convincing, the line between communication tool and covert surveillance is getting harder to spot and far easier to exploit.
