The Wolf of Dalal Street- Harshad Mehta

Harshad Mehta once quoted “I would probably find a  place in the Guinness Book of World Records, going by the number of criminal and civil cases against me” to a friend.

Harshad Mehta who was known as the wolf of Dalal Street indulged in one of the biggest scams in India. It was 2001when he passed away during police custody. Since then his family was fighting the legal battles. The controversial case doesn’t have much media attention but with the Sony liv series scam 1992; it grabs the attention of media and public around the country. The story focussed on the story of the first billion-dollar scam in India that involved stockbroker Harshad Mehta. Following 27 years of fight in court, the Tax Tribunal council at long last rejected nearly the whole assessment interest of ₹2.014 crores on late Harshad Mehta, his significant other Jyoti, and sibling Ashwin in February 2019.

Does the curiosity arise of what happened to Harshad Mehta’s family? How they survived the legal and personal battle after his death? Harshad’s better half Jyoti Mehta additionally won a body of evidence against stockbroker Kishore Janani and Federal Bank who evidently owed ₹6 crores to Harshad Mehta since 1992. Jyoti was qualified to forget the whole sum with 18% interest. Harshad’s sibling, Ashwin Mehta, sought after a degree in law in his mid-50s and is a bustling legal advisor today rehearsing in Mumbai High Court just as Supreme Court. He battled a few legal disputes without any assistance and paid almost ₹1,700 crores to banks to demonstrate his sibling’s innocence. He was the constituted lawyer for Harshad and furthermore a stock agent in his firm. There are no sound wellsprings of data on his child, Atur Mehta. While one amusement site asserted Atur Mehta, was the prime supporter and CTO of Square Off – a brand that is building the eventual fate of board gaming – this data was before long exposed by Atur Mehta himself.  Watching the series will give you insights into how it ended with his family. When it comes to how real the characters are shown in the series Anjali Barot talks about the portrayal of Jyoti Mehta in ‘Scan 1992’. She personally knew that Jyoti Mehta wanted to be an actress. Even when she was studying Bachelor of Mass Media; she always wanted to in front of the camera. That nurtured yet the sacred dream came true with the release of Scam 1992. Anjali portrays the role of Jyoti Mehta in the series.

“In commodities, when prices go up, demand goes down. In stocks, when prices go up, demands go up” – Harshad Mehta. He will always remain the wolf of the stock market.

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