The Scam: From Harshad Mehta To Ketan Parekh by Debashis Basu and Sucheta Dalal

Description

“The Scam: From Harshad Mehta to Ketan Parekh Also Includes JPC Fiasco & Global Trust Bank Scam” is a non-fiction book authored by Debashis Basu and Sucheta Dalal, published in 1993. The book provides an in-depth examination of some of the most significant financial scams in India’s history, including those involving Harshad Mehta, Ketan Parekh, the JPC (Joint Parliamentary Committee) fiasco, and the Global Trust Bank scam.

Harshad Mehta and Ketan Parekh were prominent figures in the Indian stock market during the 1990s. They were involved in large-scale securities frauds that shook the Indian financial system and led to significant losses for investors. The book explores the methods employed by Mehta and Parekh to manipulate stock prices, as well as the regulatory failures that allowed their scams to occur.

The JPC fiasco refers to the Joint Parliamentary Committee set up to investigate the securities scam orchestrated by Harshad Mehta. The committee’s findings and recommendations are discussed in the book, shedding light on the political and regulatory environment surrounding the scam.