EVERY scandal needs a villain, rather a
hero-turned-rogue. In fact, what a scintillating scam requires is an anti-hero,
who combines the traits of an idol and a scoundrel. The Securities Scam of the
early 1990s had Harshad Mehta. In the 1950s, another stock-speculator, Haridas
Mundhra defrauded the state-owned LIC. Sanjay Gandhi, and his brother, Rajiv,
were involved in the Maruti Scandal and Bofors Bribes, respectively. In recent
times, Nirav Modi engineered the Punjab National Bank swindle.
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