1. This Special Case is a fall out of the security scam, that rocked the nation in the year 1992 and shattered its economy for the years to come. Accused No.2 Harshad S. Mehta, who is no more and in whose name the scam came to be known, is one of the main Accused in this case, against whom the case however stands abated on account of his untimely death in the year 2001. The other Accused were at the relevant time the Officers in the State Bank of India, Main Branch, Mumbai (for short, “SBI Main Branch”) and its subsidiary, State Bank of India Capital Markets Ltd. (for short, “SBI Caps”), except Accused No.8 Ashwin Mehta, who was Broker and the Constituted Attorney of Accused No.2 Harshad Mehta and Accused No.3 C. Ravi Kumar and Accused No.12 Suresh Babu, who were the Officers of National Housing Bank (for short, “NHB”).

Prosecution Case – As set out in the 'Charge-Sheet' :-

2. According to the Prosecution, these Accused-persons had conspired together for the benefit of Accused No.2 Harshad Mehta. Hence, all of them are prosecuted and are tried under the umbrella charge