SBI fraud: 8 bank officials, Harshad Mehta's brother acquitted in Mumbai

The case against prime accused Harshad Mehta was 'abated' after he died in 2001

A Mumbai court has acquitted nine people, including Ashwin Mehta, brother of 1992 securities scam kingpin Harshad Mehta, in a case of duping the State Bank of India (SBI) to the tune of Rs 1.05 billion.

Justice Shalini Phansalkar Joshi, who presides over the special court set up for cases related to the 1992 securities scam, said in her judgement last week that there was no hesitation in holding that that the prosecution had failed to prove the case beyond reasonable doubt.

Ashwin Mehta was a constituted attorney of Harshad Mehta and also one of the stock brokers in his