Who is Ashwin Mehta?

Ashwin Mehta is a very well-known and reputed lawyer in India.

Ashwin Mehta is also the brother of the late Harshad Mehta, who did the 1992 scam.

Biography & Early life:

• Ashwin Mehta is born in the Rajkot district of Gujarat.
• He was born to Shantilal Mehta and Rasilaben Mehta.
• In his family, there are four siblings, Harshad Mehta, Sudhir Mehta, Ashwin Mehta, and Hitesh Mehta.
• Harshad Mehta is his elder brother, and he was born a few years before Ashwin Mehta.
• Ashwin Mehta has spent most of his childhood days in Borivali, Mumbai.
• His father had the business of textiles, which was not that big.
• Both the brothers, Harshad and Ashwin, had faced serious financial issues in their childhood and that had pushed them to do something big in life.

Ashwin Mehta’s Net worth:

The net worth of Ashwin Mehta is reported to be approximately $4 million, which comes to around Rs. 20-30 crores.

Birth and educational qualifications:

• Ashwin Mehta is born on June 6, 1956, in the Rajkot district of Gujarat.
• Currently, his Age is 66 years old.
• He is a very educated person.
• He has completed his high school studies at the Holy Cross Byron Bazar, which is located in Mumbai.
• Following that, he obtained an LLB from one of Mumbai’s law schools.
• His mind was extremely sharp and he also used to handle all the sundries of Harshad Mehta.
• He is also married and has children.

Also Know: Everything that you need to know about Sucheta Dalal

Professional life:

• Ashwin Mehta had to suffer a lot in his early days because of a lack of money.
• But things immediately took a reverse turn when his brother, Harshad Mehta, entered the stock market.
• Ashwin Mehta, along with his brother Harshad Mehta, engaged themselves in the stock market, and then they started making a huge amount of profits.
• After quitting the stock market because of the 1992 scam that was done by his brother, Harshad Mehta, Ashwin Mehta became a lawyer.
• He also had a degree in LLB from the Law College of Mumbai.
• He earlier used to serve his brother as a legal advisor and also handled almost all of his affairs.
• After the death of his brother due to the scam, his family went into serious allegations.
• Due to this, his main focus was on proving his entire family innocent.
• Also, it took him almost 17 years to completely prove his family innocent.
• During the scam of 1992, he also lost his brother, Harshad Mehta, who died in jail in 2001 while serving his imprisonment.
• Currently, he is serving as a lawyer in both the Mumbai High Court and the Supreme Court.
• He is also a businessman and a stock broker.

Ashwin Mehta, brother of Harshad Mehta:

• Harshad Mehta is the elder brother of Ashwin Mehta.
• To overcome the financial crisis of the family, both the Mehta brothers decided to do something different.
• Hence, it was Harshad Mehta who was the mastermind behind entering the world of the stock market.
• Both the brothers made huge sums of money after entering the stock market world.
• There were also times when they made money through illegitimate means.
• This went on continuously, and hence one day, Sucheta Dalal unrolled the great scam of 1992 that was done by Harshad Mehta.
• Previously, as well, both the brothers had to serve a few months in prison because of their faulty means.
• But when the 1992 scam was unraveled, Harshad Mehta was arrested.
• In the year 2001, he died in prison while he was serving his imprisonment.
• It was Ashwin Mehta who took the responsibility for his family.
• There were several court cases, like civil as well as criminal cases, that were filed against their family.
• Ashwin Mehta was a lawyer. He fought several court cases for his family single-handedly.
• He also paid about Rs. 1700 crores to the banks to clear the name of his brother, Harshad Mehta.

Ashwin Mehta as a writer:

• Apart from engaging himself as a lawyer, he is also an author.
• He has written the most famous Gujarati book—”Chhabi Bitar Ni”.

Must Know: Top #5 Scam in the Indian Stock Market

Actor Ashwin Mehta:

• When the 1992 scam was unwrapped, the entire country was shaken.
• It was due to the fact that banks were also involved in the same.
• To showcase the entire 1992 scam, there was a web series that was made namely: Scam 1992.
• The web series was released on October 9, 2020, on the SonyLiv application.
• This web series showcased the lives of both the Mehta brothers and how the entire scam was beautifully done.
• The role of Ashwin Mehta in the web series is played by the Indian actor Hemant Kher.

Conclusion:

We hope that the above blog has given you clarity about Ashwin Mehta, who is the brother of Harshad Mehta.

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