Ever since
the birth of the Indian stock market–the Bombay Stock Exchange (BSE), the
oldest in Asia, has its roots in the 19th century when a few brokers traded
under a banyan tree near Horniman Circle–it was rocked by scandals. Earlier in
this series, we introduced the readers to the ‘Thug of Bombay’, Roychand
Premchand, and his controversial exploits in the 1860s. As the biggest trader
in those days, he combined commodities, banks, real estate, and stock market to
scam investors, before he was undone by his own acts.
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