Jyoti Mehta, wife of the infamous stock market bull Harshad Mehta launched a website in a bid to explain her late husband’s side of the story and all the controversies around the Securities Scam of 1992 that shocked India’s financial markets. The well-known ‘Securities Scam’ was a Rs 4,000 crore scam and remains one of the biggest frauds committed on the Indian stock market till date.

The late Mehta was a registered and celebrity broker, who was accused by authorities of manipulating the Bombay Stock Exchange (BSE) along with his partners by exploiting loopholes in the banking system.

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Who is Jyoti Mehta?

Harshad Mehta proposed to Jyoti and with the consent of families tied his knot in Ghatkopar, Mumbai on May 17, 1977, according to harshadmehta .in. On November 12, 1982, Harshad and Jyoti Mehta were blessed with son Aatur.

Jyoti Mehta was a homemaker and after the death of her husband in 2001 she had to face many legal issues due to Securities Scam of 1992, which was done by her husband.

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Harshad’s family fought the legal battle for about 27 years and in February 2019 the income tax tribunal finally removed the whole tax demand of Rs 2.015 crores on Harshad Mehta, Jyoti Mehta, and Ashwin Mehta.

That same year, Jyoti won a case against Federal bank and stockbroker Kishore Janani, who combined, owed around six crore rupees to Harshad since 1992. As Jyoti is his sole beneficiary, she is entitled to receive the whole amount with 18% interest.

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According to reports, Harshad’s younger brother Ashwin Mehta completed his degree in law and he practices in Mumbai High Court and also Supreme Court. He handled several court cases of Harshad Mehta and paid approximately Rs 1,700 crores to banks to clear Harshad’s name in the scam.

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Not much is known about Harshad’s son Aatur Mehta as he prefers to maintain distance from the limelight. Aatur Mehta is a businessman but he doesn’t give interviews, according to a Business Standard report.