THE SCAM: from Harshad Mehta to Ketan Parekh Also includes JPC FIASCO & Global Trust Bank Scam

THE SCAM: from Harshad Mehta to Ketan Parekh Also includes JPC FIASCO & Global Trust Bank Scam[Reading] ➶ THE SCAM: from Harshad Mehta to Ketan Parekh Also includes JPC FIASCO & Global Trust Bank Scam By Debashis Basu – Jobs-in-kingston.co.uk The most thrilling non fiction business book ever written in India A fast, colourful narrative, knitting together the life and times of all stock market players involved in two of India s biggest stoc The most thrilling non fiction from Harshad Kindle Ø business book ever written in India A fast, colourful narrative, knitting together the life and times of all stock market players involved in two of India s biggest stock market scams The Scam, a chronicle of two of the most famous scams in the Indian stock markets, is THE SCAM: PDF/EPUB ² now back in a digital avatar The story told by Sucheta Dalal and Debashis Basu, can t find a credible and informed couple of storytellers for these events First published in April , the book was an immediate bestseller but had been out of print for a while This th edition of the scam SCAM: from Harshad PDF/EPUB è includes the original Harshad Mehta Scam and the Ketan Parekh Scam, while also delving into the JPC Fiasco and the Global Trust Bank Scam The basic question that the book deals with is, what really happened in the two great Indian scams The answer to this question, detailed in the book, brings up another important one, Have we learnt anything since, so that such things don t happen again. Are you curious to know how the various scams happen even when the entire govt machinery is watching Then this is the book for you The scam perpetrated by Harshad Mehta and his cronies was so complex that it took even Dr MMS, then finance minister and his buddy Montek Ahluwalia by surprise They could not fathom the complexity of it It also dives into the history of various PSU banks like SBI, Canara, BoI, Syndicate Bank and how the ambitious heads their coterie executed this entire scam Are you curious to know how the various scams happen even when the entire govt machinery is watching Then this is the book for you The scam perpetrated by Harshad Mehta and his cronies was so complex that it took even Dr MMS, then finance minister and his buddy Montek Ahluwalia by surprise They could not fathom the complexity of it It also dives into the history of various PSU banks like SBI, Canara, BoI, Syndicate Bank and how the ambitious heads their coterie executed this entire scam with a finesse The book also illustrates how CitiBank, StanC were hand in glove with these brokers to engineer the scam No matter how glamorous the lives of these scamsters look when they are at the peak, it is quite ephemeral Harshad Mehta was close to the likes of Sunil Mittal, Reliance, and number of such personalities Ketan Parek was close to heavyweights like Birlas, Kerry Pecker etc However, none of them could save when their time ultimately came The book also talks about Radhakishan Damani, the current Bull of the market, who was a bear leader in KP s time If you want to understand how things operate behind the scenes in stock market, then this is the book Hats off to Sucheta Dalal and Debashis Basu Warning This book does get dull and boring at times It is too complex to understand as well One might have to read it 2 3 times to get a complete hang of it I did get disenchanted when I reached half So I switched to the other book and again came back to this book to complete it The authors start by expressing their gratitude towards Deep Throat name withheld Our understanding of complex transactions, the nature of the players, the specific deals and confidential conversations between top officials were all derived from long hours he has so generously spent with us in nondescript restaurants in the suburbs Unfortunately, the authors do not provide any such hand holding to the reader as was provided to them Unless one is very familiar with how stock market, securit The authors start by expressing their gratitude towards Deep Throat name withheld Our understanding of complex transactions, the nature of the players, the specific deals and confidential conversations between top officials were all derived from long hours he has so generously spent with us in nondescript restaurants in the suburbs Unfortunately, the authors do not provide any such hand holding to the reader as was provided to them Unless one is very familiar with how stock market, securities, debentures, banks, PSUs and regulators work, one is left wondering at terms that are left unexplained The pity is that the understanding of those are essential to the book.One wishes the authors didn t assume that their readers would be seasoned stock brokers or people who work in the financial sector One also wonders if people with such professions will bother to read the book.Who is this book for The Scam, by Debashish Basu and Sucheta Dalal..It is an investigative account of the two major stock market scams that shook India..One in 1992 by Harshad Mehta and the other in 2001 by Ketan Parekh..The book is an eye opener in terms of how individuals and institutions both public sector and private sector used the financial system of the country to their advantageEven after they are caught, the authorities are so ill equipped to punish them and recover the loot..As far as the book is concer The Scam, by Debashish Basu and Sucheta Dalal..It is an investigative account of the two major stock market scams that shook India..One in 1992 by Harshad Mehta and the other in 2001 by Ketan Parekh..The book is an eye opener in terms of how individuals and institutions both public sector and private sector used the financial system of the country to their advantageEven after they are caught, the authorities are so ill equipped to punish them and recover the loot..As far as the book is concerned, it is a book full of facts So you will know about all the players and the events..However, it does not read like a story..I wish that with such blockbuster content, the authors could have used a story telling format to present the content It would have been very interesting to read In its current form, I found it tedious to read beyond a point. Good all round view of the events that happened, but it was a bit complex for someone unaware of the workings of the money market I would be readingabout money market now I am also hopeful that the Indian financial markets would have matured after the last update to this book was made.