Jyoti Mehta is an Indian woman who came into limelight in 2022 after launching a website under her husband’s name. Harshad MehtaHe 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 by investing a large amount in 1992. They borrowed from banks on the Bombay Stock Exchange (BSE), and this huge amount of investment resulted in high stock prices and eventually, this stock market crashed.
Jyoti Mehta was born as Jyoti Doshi in Mumbai.
Hair Color: black
Eye Colour: black
parents and siblings
Not much is known about his parents.
husband and children
Jyoti Mehta married Harshad Mehta on 17 May 1977. Harshad Mehta Was an Indian stockbroker, who did many part-time odd jobs during his college days. Soon after completing his college studies, he joined the New India Assurance Company as a salesman, and at the same time, he started investing in the Indian stock market. In 1984, he established his own company named Gromor Research and Asset Management as a stockbroker. During the years from 1984 to 1990, he became popular as Big Bull.
The couple has a son named Atur Harshad Mehta who was born on 12 November 1990.
relationships / affairs
She was in a relationship with Harshad Mehta before marrying him.
Launching a website named Harshad Mehta
Jyoti Mehta launched a website (https://www.harshadmehta.in/) by the name of Harshad Mehta in June 2022. In a media interaction, she said that she wanted to uncover the facts of the story from the point of view of her family. On the website, Jyoti Mehta claimed that twenty-one years after her husband’s death, her family’s debt had reduced significantly after fighting for so many years in court. She said that her family has been deprived of all basic fundamental and other constitutional rights in the last three decades since her husband was taken into custody by the police. Jyoti Mehta said on the website that her husband was still known as a stock market manipulator; However, he was not convicted of all charges. She appealed through her newly launched website that she wants to defend Harshad Mehta posthumously. She also blamed India’s legal system which almost paralyzed her family after her husband’s death. Jyoti Mehta wrote,
This cast serious legal incapacitation on all of us, in addition to taking us all out of our business and income-generating activities. For more than two decades, we have been living without bank accounts.”
Medical Negligence by Jail Doctors
On her website, Jyoti Mehta accused the jail authorities and doctors who did not provide proper medical treatment for four hours to her husband when he suffered a heart attack at 7 pm on 30 December 2001. Prison doctors didn’t have medicine for one. heart attack. He said that four hours after the first heart attack, Harshad Mehta He was taken to the hospital, where he died of a second heart attack. she wrote,
Only at 11 a.m., he was forced to walk a long distance to a Thane hospital, where he promptly succumbed to a wheelchair after his cardiogram confirmed a massive second heart attack.
Jyoti Mehta further said that after Harshad Mehta’s death, the hospital authorities denied post-mortem or interrogation reports to Harshad’s family members. she wrote,
We were later told that the authorities had ordered an inquiry and even a post-mortem was done but despite our repeated requests, neither this test report nor the post-mortem report was provided to us.
misbehavior by income tax department
21 years after Harshad Mehta’s death in police custody, his wife started a website, in which she clarified that since her husband’s death, more than 1200 cases were won in court by her family, and that the victory had helped her. The monetary loan was reduced by ₹30,000. crore to ₹4,000 crore. She further mentioned that her family was harassed by the Income Tax Department for more than three decades. Jyoti Mehta wrote,
After Harshad’s death and 3 rounds of illegal assessments, we have already won over 1,200 major cases and reduced illegal demands from ₹30,000 crores to ₹4,000 crores and refunds to custodians of ₹814.33 crores and approx. ₹5,500 crore is already overdue and not being created by the IT department. ,
Harshad’s meeting with Narasimha Rao
Jyoti Mehta described her husband’s meeting with the then Prime Minister Narasimha Rao on 4 November 1991 as an unfortunate day that changed their family life forever. He said on the website that Harshad Mehta Narasimha Rao through Bharti Telecom owner Sunil Mittal had invited him for a meeting. Narasimha Rao and Sunil Bharti Mittal’s father were good friends. Jyoti Mehta mentioned that the Prime Minister consulted with Harshad Mehta on issues related to the foreign exchange situation in India and told Harshad that the Indian government has only seven days of foreign reserves left. PM told Harshad,
The country’s foreign exchange position was alarming as it had only 7 days of reserves and if they were not shored up, the country could default and become a ‘banana republic’, jeopardizing the government’s plans to change the situation. Will give ,
boost stock market index
On her website, Jyoti Mehta accused the then prime minister of asking her husband to boost stock market prices by investing heavily in 1991 so that it could revive more investor confidence in the Indian stock market. she wrote,
My husband was asked to promote the markets and he was promised that he would get the blessings of the government in doing so.
He continued to write that to boost India’s stock market index, several measures were adopted soon after Harshad held a meeting with the then Prime Minister, who reformed the then currency devaluation policies by introducing defense schemes on his behalf; Mutually, they were successful in protecting India’s foreign exchange reserves in 1992. He claimed that the stock market index in India was hovering at 1400, and after the meeting with the PM, the index rose to around 2800 and rose sharply to 4487. in April 1992.
Facts / Trivia
- Reportedly, in the 1980s, Harshad Mehta fell in love with Jyoti Doshi, his neighbour, during an event organized at the Navratri festival while playing dandiya-raas.
- According to Jyoti Mehta’s website, Harshad Mehta On March 17, 1982, Harshad sold all his jewelery to a stock market broker to meet his financial obligations after Harshad suffered a huge loss of his capital due to a sudden fall in the stock market prices.
- The Bombay Stock Exchange registered Jyoti Mehta as its member and styled her as M/s. In its books by JH Mehta after he bought the stock market membership card in April 1991.