The Mundhra Scam, in a nutshell, was all about how the Life Insurance Corporation of India was manipulated into buying shares worth almost Rs. 1.26 crores, of companies that were owned by Calcutta-based businessman Haridas Mundhra. Whilst the amount by itself was not very huge, what made this a major one was the fact that it was India’s first major financial fraud, one that involved bureaucrats and politicians too. The First Scam: A Detailed Story Of Haridas Mundhra by Mahendra Arya is a detailed narrative which not only describes the whole event in a detailed breakdown but also does so by providing viable, well-researched facts and data related to the same.
Posts tagged Mahendra Arya
Who Is the Wrongdoer or the Wrong? Draupadi Demystified by Mahendra Arya
Imagine being wronged and yet being dubbed a “villain.” Well, that is what happened in the case of Princess Draupadi, and she had to suffer a horrible fate in the wheel of time. Decoding myths from facts through Draupadi Demystified by Mahendra Arya