Insider Trading ,has attained a star status, as Raj Rajaratnam, Anil Kumar, and Rajiv Goel, Chiesi, Moffat and Mark Kirtland got arrested in a $ 20000 with four counts of security and eight of securities fraud.
This trading secret was deciphered in India, as early as 1992.Indian memory is not so weak as to forget the Fair growth financial services, promoted by maverick ex banker Ratnakar, who was also involved in the share market scandal ,which was hosted By Harshad Mehta.
Rich P.Chidambaramand his wife Nalini invested a fairly large sum in the scam tainted Fairgrowth and became richer instantaneously.When the irregularity was exposed, Chidambaram resigned. His submission was accepted by the Prime Minister Narasimha Rao,much to the alacrity of his brother and the public. This move Of Narasimha Rao, was tacit presumption of Chidambaram’s culpability in the scam.
1992 is seventeen years from hence. Indians had overtaken the other world by a decade and a half . Indians always think ahead of their times. They possess an intricate foresight
The keen insight in tracking loose plugs in business, meticulous meandering into the loopholes of market, scrupulous foraying into the shoddy virtues of commerce,are a resounding peculiarity of most of the successful Indian businessmen.
An ordinary Indian ,who resorts to unsavy methods of business , becomes a millionaire overnight.
A millionaire , who engrosses himself in unethical procedures of commerce, achieves a billionaire status over a day.
The Indian decorum in business world is nonplussed
Meenas Poems 