Understanding Economic Offences: The Case of Ashesh Mehta and Shivangi Mehta

The denial of bail for Ashesh Mehta and Shivangi Mehta sheds light on the intricate nature of economic offences and the repercussions they entail within the legal framework of India. The duo, accused of defrauding investors to the tune of Rs300 crore, faces a series of allegations brought forth by the Economics Offence Wing (EOW) of the Mumbai Police.

Ashesh Mehta and Shivangi Mehta were apprehended by authorities in December, following investigations into their alleged involvement in cheating numerous investors primarily from Surat. Their arrest also relates to a criminal charge associated with narcotics seized by the Madhya Pradesh Police in early June of the preceding year.

During the bail plea, their legal representative, Abad Aponda, contended that Shivangi’s association with Bliss Consultants, where she was portrayed as a director of operations, was not officially recognized. Instead, she purportedly acted as an investor in the firm, dissociating herself from any direct involvement in its operations.

However, the court’s deliberations highlighted the interconnectedness between the accused and the firm they purportedly defrauded investors through. The court’s observations underscored the seriousness of the alleged crime, characterizing it as preplanned and well-designed, indicative of a significant economic offence with far-reaching implications.

The court’s decision to deny bail to Ashesh Mehta and Shivangi Mehta reflects the severity of the charges leveled against them and the potential risks associated with their release. Concerns regarding the possibility of tampering with evidence and evasion of justice, coupled with the complexity of the alleged offence, contributed to the court’s ruling.

Furthermore, the court’s recognition of the broader scope of the offence, involving investors from various regions, underscores the need for comprehensive regulatory measures and collaborative efforts to combat financial fraud effectively.

The case of Ashesh Mehta and Shivangi Mehta serves as a stark reminder of the accountability individuals bear within the financial ecosystem. It emphasizes the critical role of law enforcement agencies and judicial bodies in upholding the integrity of the financial system and ensuring justice for victims of economic crimes.

In conclusion, the denial of bail for Ashesh Mehta and Shivangi Mehta underscores the gravity of economic offences and the imperative of stringent measures to address and deter such misconduct. It reinforces the commitment to transparency, accountability, and the rule of law in safeguarding the interests of investors and maintaining the integrity of the financial landscape.


my circle story

MY CIRCLE STORY - stories from every corner

Weave Your World with Threads of Fashion, Business Brilliance, News Narratives, Storybook Moments, and Healthful Chapters.

Edit Template


Scroll to Top