The Times of India dated 23rd April, 1992 carried a story that remained as the biggest scam in corporate India for a little less than 16 years. Ms. Sucheta Dalal broker the story of missing Rs. 500 odd crores. The issue was discussed in the Parliament and a Joint Parliamentary Committee was set up.
One of the biggest bull runs in the Indian stock markets cam to an end.
There are many interesting anecdotes and stories about this episode. In the aftermath of the event, the stock market reforms were undertaken and the markets were never the same. Many safety features were introduced and investing in the Indian stock markets became much safer.
#RidingTheRollerCoaster – 135