Home / Mumbai / Mumbai News / Article /
Mumbai: ‘Goregaon couple’s trades were illegal,' EOW says in chargesheet
Updated On: 05 April, 2024 04:56 AM IST | Mumbai | Samiullah Khan
EOW’s 9,000-page charge sheet details all the ways in which influencers apparently flouted RBI rules and put investor money in jeopardy
Listen to this article :
Ashesh and Shivangi Mehta, the founders and directors of Bliss Consultants
The incarcerated Goregaon couple Ashesh and Shivangi Mehta were allegedly operating their trading firm Bliss Consultants without authorisation from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), according to a 9,000-page charge sheet filed against them by the Mumbai police’s Economic Offences Wing (EOW). Initially, the couple was perceived as victims of a fake arbitration case totalling Rs 200 crore, which led to their downfall. However, the charge sheet presents a different tale.
On March 30, the EOW filed a charge sheet asserting that Ashesh unlawfully accepted investments as he lacked authorisation from SEBI, RBI, or any other government agency. The EOW noted that over 4,000 investors entrusted their hard-earned money with the Mehtas, with complaints received from 581 investors who were allegedly duped of R172 crore in total. The charge sheet also states that the couple returned Rs 61 crore that was invested in their firm to some investors.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT