Jyoti Mehta is an Indian woman who rose to prominence in 2022 after launching a website in her husband’s name, Harshad Mehta, who was arrested by the Central Bureau of Investigation in 1992 for his involvement in the Indian securities scam. Harshad Mehta was an Indian stockbroker who allegedly tried to raise the index of the Indian stock market in 1992 by investing a large amount of money borrowed from banks in the Bombay Stock Exchange (BSE), which resulted in high stock prices and eventually crashed the stock market.
PERSONAL INFORMATION
Jyoti Mehta was born in Mumbai as Jyoti Doshi. There isn’t much information available about her parents.
Jyoti Mehta married Harshad Mehta on May 17, 1977. Harshad Mehta was an Indian stock broker who worked several part-time jobs while in college. Soon after finishing college, he began working as a salesman for New India Assurance while also investing in the Indian stock market. As a stock broker, he founded his own company, GrowMore Research and Asset Management, in 1984. Between 1984 and 1990, he rose to prominence under the moniker Big Bull.
Atur Harshad Mehta, the couple’s son, was born on November 12, 1990.
Before marrying Harshad Mehta, she was in a relationship with him.
ARREST
Harshad Mehta, arrested by the CBI in connection with the multibillion-dollar stock scam, was brought to the Esplande Court in Bombay in June 1992.
Harshad Mehta, arrested by the CBI in connection with the multibillion-dollar stock scam, is led to the Esplande Court in Bombay in June 1992.
LAUNCHING A WEBSITE IN THE NAME OF HARSHAD MEHTA
In June 2022, Jyoti Mehta launched a website in Harshad Mehta’s name (https://www.harshadmehta.in/). In a media interview, she stated that she wanted to learn the facts of the story from her family’s perspective. Jyoti Mehta claimed on the website that twenty-one years after her husband’s death, her family’s debts had been reduced to a large amount after years of battling in court. She went on to say that her family had been deprived of all basic fundamental and other constitutional rights for the past three decades, ever since her husband was arrested by police. Jyoti Mehta stated on the website that her husband was still known as a stock market manipulator, even though he was not found guilty of all allegations. She expressed her desire to defend Harshad Mehta posthumously on her newly launched website. She also blamed India’s legal system for effectively paralysing her family following her husband’s death.
Buyers examine the Toyota Sierra belonging to Harshad Mehta at his home in Bombay in this file photo. The Special Court auctioned off 18 vehicles, including six Toyotas and two Hondas.
Jyoti Mehta accused the jail authorities and doctors of failing to provide proper medical treatment to her husband for four hours after he suffered a heart attack at 7 p.m. on December 30, 2001, on her website. The jail doctors did not have any heart attack medication. She went on to say that Harshad Mehta was rushed to the hospital four hours after the first heart attack and died of a second heart attack.
Income Tax Department Mistreatment
After Harshad Mehta died in police custody after 21 years, his wife launched a website in which she stated that since her husband’s death, her family has won over 1200 court cases, lowering their monetary debt from 30,000 crores to 4,000 crores. She also stated that the Income Tax Department had harassed her family for over three decades. Jyoti Mehta described her husband’s meeting with then-Prime Minister Narasimha Rao on November 4, 1991, as a fateful day that changed her family’s lives forever. She stated on her website that Narasimha Rao invited Harshad Mehta to a meeting through Sunil Mittal, the owner of Bharati Telecom. Sunil Bharti Mittal’s father and Narasimha Rao were close friends. Jyoti Mehta stated that the Prime Minister discussed foreign currency issues in India with Harshad Mehta and informed him that the Indian government only had seven days of foreign reserves. “The country’s foreign currency situation was alarming as there were reserves of only about 7 days and if they were not shored up, the country could default and become a ‘banana republic,’ jeopardising the Government’s plans to turn around the situation,” the PM told Harshad.
