24 years on, Harshad Mehta’s brother, 5 others convicted of Rs 700 crore fraud

MUMBAI: Twenty-four years after the securities scam broke, a special court convicted Harshad Mehta's brother Sudhir Mehta and five others, including senior bank officials and stock brokers, in a case relating to defrauding of National Housing Bank to the tune of more than Rs 700 crore. The case against Harshad Mehta, who was one of the prime accused, abated after his death in 2002. Justice Shalini Phansalkar-Joshi refused pleas for leniency by the accused, who claimed to have suffered for over two decades and had health problems.

Source:-timesofindia