Tuesday, April 8

White collar crimes in Indian Financial Markets

Something unique has become evident in India over the past 3-4 years. We have a spectre the mantle of pushing stumbling blocks in front of an on-coming train hitherto entrusted to Babus has now been pushed into the hands of judiciary, election commission and para bureaucratic services like the CAG.
So it is not incredible that the owner of a mutli-faceted business organization accused of swindling unknown people of Rs 31,000 crore has been castrated inside a dingy 6×6. The price of his freedom a measly Rs 10,000 crore.
Now we all have to pay our hotel bills when we leave the accommodation, but this deal should go down in history as the most expensive rental deal ever.I am referring to Sahara Subrato Roy who is currently in Tihar Jail and  Supreme Court has put a condition of 10000 cores as a mandatory requirement  for Bail.
The episode reminds me of the 1992-1994 period and the 2000-2003 period. Both identified with iconic stock brokers

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