what happened to harshad mehta

Harshad Mehta was an Indian stockbroker and a convicted fraudster who was involved in the 1992 Indian securities scam. He was arrested and banished from the stock market with investors holding him responsible for causing losses to various entities. Mehta and his brothers were arrested by the CBI on 9 November 1992 for allegedly misappropriating more than 2.8 million shares of about 90 companies through forged share transfer forms. Mehta was convicted by the Bombay High Court and the Supreme Court of India and was sentenced to five years of rigorous imprisonment and a fine of ₹25,000 (US$310) . He made a brief comeback as a stock market guru, giving tips on his own website as well as a weekly newspaper column. However, in September 1999, he was convicted again and sentenced to five years of rigorous imprisonment and a fine of ₹25,000 (US$310) . He was on trial for nine years until he died at the end of 2001 from a heart attack. When Harshad died in police custody in 2001, his family participated in a series of court battles.