HARSHAD MEHTA. Harshad Shantilal Mehta was born on 29 July 1954, at Paneli Moti, Rajkot district, in a Gujarati Jain family. Mehta completed his B.Com in 1976 from Lajpatrai college Mumbai and worked a number of odd jobs for the next eight years. Pratik Gandhi as Harshad Mehta was impeccable with no faults count anywhere. He portrayed all dimensions of human emotions amazingly and you will find him simply outstanding... Family aspect is
Born into a Gujarati family living in Mumbai, with a floundering textile business of his father, Harshad Mehta and his brother Ashwin Mehta got into Stock Trading in their youth. Understanding the market dynamics at the noisy Trade Floor and then implementing the same to start their own Consultancy with Zero Capital and Clients would have seemed daunting to many. Mehta’s dealings, which netted him somewhere between ₹1,000 to ₹4,000 crore, was the biggest financial scam at the time. Adjusted for inflation, that amount would ₹24,000 crore today. And as the trailer for the newly released series Scam 1992: The Harshad Mehta Story shows, it shook the country with its audacity.
Harshad Shantilal Mehta (1954-2002) was an Indian stockbroker who grabbed headlines for the notorious BSE security scam of 1992. Born in a lower middle-class Gujarati Jain family, Mehta spent his early childhood in Mumbai where his father was a small-time businessman. Harshad Mehta, born to a middle-class Gujarati family in 1954. His journey to fame only began when he landed a job as a sales manager at The New India Assurance Company. His interest in the stock market spiked and eventually he gave up his job to join a brokerage firm in the 1980s. As many as 893 transactions totaling $603.64 million were conducted by Rosy Blue and 7Cs (the diamond and jewellery group founded by Harshad Mehta in Dubai) just in 2016. And 746 of these were either remitted or received by Rosy Blue of which Dilip Mehta is the CEO.
— Effect on Harshad Mehta’s Family. When Harshad Mehta died he still had 27 cases pending against him. Although all criminal cases have been cleared before his death there were still several civil cases pending in court. His wife still fights cases with recent victories over the IT department and a broker who owed Harshad Mehta 6 crores Harshad Mehta was a well-known stock broker, alleged to have manipulated the stock market in 1992 by fraudulently drawing funds from banks with worthless bank receipts and subsequently using this liquidity to buy huge amounts of shares at a premium across many verticals in industry. Dr Bimal Parekh and his brother Amal Parekh have been tentatively declared as the higgest bidder for Harshad Mehta's flats in Madhuli building in Worli. The duo quoted Rs 20 crores for the Harshad Mehta passed during his jail term and the recorded cause of death was Cardiac Arrest. While the Office of Custodian reports that the asset owned by Harshad Mehta Family is Rs. 1723 crores and liabilities are around Rs. 16044 crores, The Economist Times report dated July 2016 quotes Ashwin Mehta “Even after paying you all, I’ll have