Jyoti Mehta is an Indian woman who came into limelight in 2022 when she launched a website in the name of her husband Harshad Mehta. Harshad Mehta was arrested by the Central Bureau of Investigation in 1992 for his involvement in the Indian securities fraud case. An Indian stockbroker allegedly invested a huge amount of money he borrowed from banks in the Bombay Stock Exchange (BSE) in 1992 in an attempt to boost the Indian stock market index, and this huge investment caused stock prices to remain high. Prices rise, eventually causing the stock market to crash.
Harshad Mehta was arrested by the Central Bureau of Investigation in connection with the multi-crore stock scam and brought to the Espland Court in Mumbai in June 1992
Wiki/Biography
Jyoti Mehta was born in Mumbai as Jyoti Doshi.
appearance
Hair color: black
Eye color: black
family
Parents and siblings
There is not much information about her parents.
husband and children
Jyoti Mehta married Harshad Mehta on May 17, 1977. Harshad Mehta is an Indian stockbroker who worked several small part-time jobs while in college. Soon after graduating from college, he joined New India Insurance Company as a salesman and began investing in the Indian stock market. In 1984, he founded his own company, GrowMore Research and Asset Management, where he worked as a stockbroker. From 1984 to 1990, he became popular under the name “Daniu”.
Harshad Mehta
The couple has a son named Atur Harshad Mehta who was born on November 12, 1990.
Relationships/Affairs
She was in a relationship with Harshad Mehta before marrying him.
Launched website in the name of Harshad Mehta
Jyoti Mehta launched a website (https://www.harshadmehta.in/) in the name of Harshad Mehta in June 2022. In a media conversation, she said she wanted to uncover the story from the family’s perspective. Jyoti Mehta claims on the website that twenty-one years after her husband’s death and after years of court battles, the family’s debt has been reduced to a large sum. She added that her family had been deprived of all fundamental and other constitutional rights over the past three decades since her husband was detained by the police. Jyoti Mehta said on the website that her husband is still being called a stock market manipulator; despite this, he has not been proven guilty of all the charges. She has appealed through a newly launched website in which she wants to defend Harshad Mehta after his death. She also blamed India’s legal system for nearly paralyzing her family after her husband’s death. Jyoti Mehta wrote,
In addition to making it impossible for all of us to engage in business and income-generating activities, it also creates serious legal obstacles for all of us. We have been without a bank account for over twenty years. “
File photo of a buyer inspecting a Toyota Sierra at Harshad Mehta’s residence in Mumbai.The special court auctioned a total of 18 vehicles, including six Toyotas and two Hondas
Medical negligence by prison doctor
Jyoti Mehta made the allegation on her website against jail authorities and doctors, saying within four hours at 7 pm on December 30, 2001, when her husband suffered a heart attack, jail authorities and doctors He was not provided with adequate treatment. heart attack. She added that four hours after the first heart attack, Harshad Mehta was rushed to the hospital but died of a second heart attack. She wrote,
It was not until 11 pm that he was forced to walk a long distance to Thane hospital where an electrocardiogram confirmed that he had suffered a second major heart attack, after which he died immediately in a wheelchair. “
Jyoti Mehta further added that after Harshad Mehta’s death, the hospital authorities denied providing Harshad’s autopsy or investigation report to his family. she wrote,
We were later told that the authorities ordered an investigation and even an autopsy, but despite our repeated requests, neither this investigation report nor the autopsy report was provided to us. ” 
Income tax department abuses
21 years after Harshad Mehta’s death in police custody, his wife launches a website where she clarifies that her family has won more than 1,200 cases in court since her husband’s death case, this victory reduced their monetary debt from Rs 30,000 crore to Rs 4,000 crore. She further mentioned that her family has been harassed by the Income Tax Department for over three decades. Jyoti Mehta wrote,
After Harshad’s death and three rounds of illegal assessments, we have won over 1,200 major cases, reduced illegal demands from Rs 30,000 crore to Rs 4,000 crore and secured refunds of 814.33 crore to custodians Rs., and further refunds of approximately Rs. 5,500 crore have been overdue and have not been paid by the IT department. “
Harshad Mehta, accompanied by lawyers Ram Jethmalani and Mahesh Jethmalani, spoke at a press conference in June 1993, a day his wife Jyoti described as “a fateful day” ”, “Changed our lives forever”
Harshad’s meeting with Narasimha Rao
Jyoti Mehta calls her husband’s meeting with then Prime Minister Narasimha Rao on November 4, 1991, a fateful day that changed her family’s life forever. She narrated on the website that Narasimha Rao invited Harshad Mehta to a meeting through Bharati Telecom boss Sunil Mittal. Narasimha Rao and Sunil Bharti Mittal’s fathers were good friends. Jyoti Mehta mentioned that the Prime Minister consulted with Harshad Mehta on issues related to India’s foreign exchange situation and told Harshad that the Indian government’s foreign exchange reserves only have 7 days left. The Prime Minister conveyed to Harshad,
The country’s foreign exchange situation is worrying as reserves only last about seven days and if not supported, the country could default and become a “banana republic”, which would jeopardize the government’s plan to turn the situation around.”
On May 8, 1992, on Parliament Street in New Delhi, stock market investors lined up in front of bank counters to apply for stocks and deposits.
Boost stock market indexes
On her website, Jyoti Mehta accused the then prime minister of asking her husband to drive up stock market prices through huge investments in 1991 in order to restore more investors’ confidence in the Indian stock market and thereby strengthen their confidence in the Indian stock market. confidence. She wrote,
My husband was asked to boost the market and he was promised government support for doing so. “
She went on to write that in order to boost the Indian stock market index, Harshad took a number of measures soon after meeting with the then Prime Minister and on his behalf to reform the currency devaluation policy at the time and introduce the exemption scheme; in 1992, they Successfully protected India’s foreign exchange reserves. She claimed that the Indian stock market index was hovering at 1,400 points at the time. After meeting with the Prime Minister, the index was pushed to around 2,800 points and rose sharply to 4,487 points in April 1992.
Jyoti Mehta, 2009
Facts/Trivia
- In the 1980s, Harshad Mehta reportedly fell in love with his neighbor Jyoti Doshi while playing dandiya-raas at an event organized by the Navratri festival.
- According to Jyoti Mehta’s website, on March 17, 1982, Harshad Mehta suffered huge capital losses due to a sudden fall in stock market prices. ) sold all her jewelery to a stock market broker to meet his (Harshad’s) financial obligations.
- Bombay Stock Exchange registered Jyoti Mehta as a member and addressed her as M/s. JH Mehta appears in the book after purchasing a stock market membership card in April 1991.
Categories: Biography
Source: HIS Education