All About Harshad Mehta’s Brother – Where is Ashwin Mehta Now?
Learn about Harshad Mehta's brother, who worked as a stock and money market dealer and was the scheme's primary con artist. The Indian stock market crashed as a result of a well-planned and executed stock fraud involving bank receipts and stamp paper.
He defrauded the financial system to the tune of nearly a billion rupees in order to purchase shares on the Bombay Stock Exchange. The total market value of the equities was greater than India's annual education and healthcare expenditures combined. He obtained securities from the State Bank of India in exchange for fraudulent cheques signed by corrupt officials, but he failed to deliver the securities after obtaining them. This was all part of an elaborate plan orchestrated by Mehta. And his brother, Ashwin Mehta, was right in the middle of the action.
Ashwin Mehta's Biography
Ashwin Mehta is a Mumbai High Court and Supreme Court lawyer. He earned a law degree in his mid-50s and is now a busy lawyer, appearing before the Mumbai High Court and the Supreme Court. He battled various court proceedings alone to clear his brother's identity and paid approximately Rs 1,700 crores to banks. He is well-known as Harshad Mehta's brother. He was born in the Gujarat district of Rajkot, in the town of Paneli Moti. Shantilal Mehta, his father, owned a textile company, and his mother was a housewife. His studies were completed at Holy Cross Byron Bazar.
