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December 31, 2001
0750 IST
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Money > PTI > Report December 31, 2001 0750 IST |
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'Big Bull' Harshad Mehta dead
Mehta, 47, is survived by his wife, two sons and two brothers, Ashwin and Sudhir. Harshad, embroiled in a series of scam cases, was lodged in Thane Central Jail. He developed chest pain at around 11 pm last night and was shifted to Thane civil hospital where he breathed his last at 12.40 a.m., police sources said. Reports from Thane said Mehta's body, clad in hospital whites, was kept on the ground floor of the civil hospital while an inquest was completed in the presence of a local official. Harshad Mehta's son, 22-year-old Atur, is out of town and has been informed of his father's death. Doctors at the Thane hospital said Mehta was brought in good health. He was hale and hearty and was even chatting with the hospital personnel. However, his condition deteriorated suddenly and he soon passed away. Police have registred a case of natural death. According to hospital sources, he complained of chest pain last night in the central prison here where he was lodged since eight days. The jail doctor S G Kharat gave him first-aid before being taken to civil hospital, they said. In the hospital, Harshad collapsed when the doctor was examining him. The doctors tried to save him by providing artificial resuscitation but declared him dead shortly after midnight. Chief medical officer Dr Sudhir Bakshi and physician Dr R A Chavan attended on him. Soon after his death, his family rushed to the hospital. The police also maintained tight bandobast by deploying additional personnel. According to family sources, he never had a heart problem earlier. According to doctors and jail sources, Harshad did his normal exercises for over an hour every day but on Sunday it was extended by 30 minutes. He was arrested by CBI on November 9 with his brothers, Ashwin and Sudhir, in the case of alleged misappropriation of Rs 2.50 billion from 2.7 million 'missing' shares of 90 blue chip companies. On December 21, a special court had rejected the bail plea of Harshad and his brothers and remanded them to judicial custody till January 4. Harshad and his brothers contended that it was on the basis of their complaint that the court had earlier ordered CBI to probe the 'missing' shares, while CBI argued that these shares were sold fraudulently in the market by the accused. Harshad and his two brothers are charged with various offences under IPC such as 120-b IPC (conspiracy), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating) and 471 (using as genuine forged documents). In another case, Harshad Mehta and three others were acquitted on April 16 in a case of alleged misappropriation of Rs 588,000 from the funds of Bank of America in its inter-bank call money transactions ostensibly with SBI Mutual Fund. After his arrest Harshad was confined to central prison and other jails in Mumbai. Recently, he was shifted to Thane Central Prison. In special courts here and Supreme Court in New Delhi, Harshad was defended by a team of lawyers led by Mahesh Jethmalani. YOU MAY ALSO WANT TO READ:
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Call India
'Big Bull' Harshad Mehta, who hit the headlines 10 years ago in the wake of multi-billion-rupee securities scam, died at Thane civil hospital early Monday morning.