www.amazon.in Open in urlscan Pro
2600:9000:224a:c600:8:b109:e10:b9a1  Public Scan

Submitted URL: http://ppl.moneylife.in/lists/lt.php?tid=KR5VBlcBVFAFABQCUgVdSAxTAQUdWwxVAU4JXFJXW1IABgBRUQIaVQBcWwcFBVNIDAALVR1XUlEATlI...
Effective URL: https://www.amazon.in/dp/8191013401
Submission: On April 05 via api from IN — Scanned from DE

Form analysis 6 forms found in the DOM

Name: site-searchGET /s/ref=nb_sb_noss

<form id="nav-search-bar-form" accept-charset="utf-8" action="/s/ref=nb_sb_noss" class="nav-searchbar nav-progressive-attribute" method="GET" name="site-search" role="search">
  <div class="nav-left">
    <div id="nav-search-dropdown-card">
      <div class="nav-search-scope nav-sprite">
        <div class="nav-search-facade" data-value="search-alias=aps">
          <span id="nav-search-label-id" class="nav-search-label nav-progressive-content" style="width: auto;">Books</span>
          <i class="nav-icon"></i>
        </div>
        <span id="searchDropdownDescription" class="nav-progressive-attribute" style="display:none">Select the department you want to search in</span>
        <select aria-describedby="searchDropdownDescription" class="nav-search-dropdown searchSelect nav-progressive-attrubute nav-progressive-search-dropdown" data-nav-digest="YaNDxYMsix1vZjM7upEvnpX/VWU=" data-nav-selected="10"
          id="searchDropdownBox" name="url" style="display: block; top: 2.5px;" tabindex="0" title="Search in">
          <option value="search-alias=aps">All Categories</option>
          <option value="search-alias=alexa-skills">Alexa Skills</option>
          <option value="search-alias=amazon-devices">Amazon Devices</option>
          <option value="search-alias=fashion">Amazon Fashion</option>
          <option value="search-alias=nowstore">Amazon Fresh</option>
          <option value="search-alias=amazon-pharmacy">Amazon Pharmacy</option>
          <option value="search-alias=appliances">Appliances</option>
          <option value="search-alias=mobile-apps">Apps &amp; Games</option>
          <option value="search-alias=baby">Baby</option>
          <option value="search-alias=beauty">Beauty</option>
          <option selected="selected" current="parent" value="search-alias=stripbooks">Books</option>
          <option value="search-alias=automotive">Car &amp; Motorbike</option>
          <option value="search-alias=apparel">Clothing &amp; Accessories</option>
          <option value="search-alias=collectibles">Collectibles</option>
          <option value="search-alias=computers">Computers &amp; Accessories</option>
          <option value="search-alias=todays-deals">Deals</option>
          <option value="search-alias=electronics">Electronics</option>
          <option value="search-alias=furniture">Furniture</option>
          <option value="search-alias=lawngarden">Garden &amp; Outdoors</option>
          <option value="search-alias=gift-cards">Gift Cards</option>
          <option value="search-alias=grocery">Grocery &amp; Gourmet Foods</option>
          <option value="search-alias=hpc">Health &amp; Personal Care</option>
          <option value="search-alias=kitchen">Home &amp; Kitchen</option>
          <option value="search-alias=industrial">Industrial &amp; Scientific</option>
          <option value="search-alias=jewelry">Jewellery</option>
          <option value="search-alias=digital-text">Kindle Store</option>
          <option value="search-alias=luggage">Luggage &amp; Bags</option>
          <option value="search-alias=luxury-beauty">Luxury Beauty</option>
          <option value="search-alias=dvd">Movies &amp; TV Shows</option>
          <option value="search-alias=popular">Music</option>
          <option value="search-alias=mi">Musical Instruments</option>
          <option value="search-alias=office-products">Office Products</option>
          <option value="search-alias=pets">Pet Supplies</option>
          <option value="search-alias=instant-video">Prime Video</option>
          <option value="search-alias=shoes">Shoes &amp; Handbags</option>
          <option value="search-alias=software">Software</option>
          <option value="search-alias=sporting">Sports, Fitness &amp; Outdoors</option>
          <option value="search-alias=specialty-aps-sns">Subscribe &amp; Save</option>
          <option value="search-alias=home-improvement">Tools &amp; Home Improvement</option>
          <option value="search-alias=toys">Toys &amp; Games</option>
          <option value="search-alias=under-ten-dollars">Under ₹500</option>
          <option value="search-alias=videogames">Video Games</option>
          <option value="search-alias=watches">Watches</option>
        </select>
      </div>
    </div>
  </div>
  <div class="nav-fill">
    <div class="nav-search-field ">
      <input type="text" id="twotabsearchtextbox" value="" name="field-keywords" autocomplete="off" placeholder="" class="nav-input nav-progressive-attribute" dir="auto" tabindex="0" aria-label="Search">
    </div>
    <div id="nav-iss-attach"></div>
  </div>
  <div class="nav-right">
    <div class="nav-search-submit nav-sprite">
      <span id="nav-search-submit-text" class="nav-search-submit-text nav-sprite nav-progressive-attribute" aria-label="Go">
        <input id="nav-search-submit-button" type="submit" class="nav-input nav-progressive-attribute" value="Go" tabindex="0">
      </span>
    </div>
  </div>
</form>

POST /gp/product/handle-buy-box/ref=dp_start-bbf_1_glance

<form method="post" id="addToCart" action="/gp/product/handle-buy-box/ref=dp_start-bbf_1_glance" class="a-content">
  <input type="hidden" name="CSRF" value="g73bMO8fNoqwIqTmopSapVC2cd+SlK/Cdz0M6FNtLyebAAAADAAAAABiS8mscmF3AAAAABVX8CwXqz4nuL9RKX///w=="> <input type="hidden" id="anti-csrftoken-a2z" name="anti-csrftoken-a2z" value="">
  <input type="hidden" id="offerListingID" name="offerListingID"
    value="AoV0UV1%2BRNPvLUEZNfeSy910VuoKCiaratn6Mq05%2FyKUh%2B%2FZ4YgBMhU9O8P3ByaCZSebfuk%2F0EhyvCqE3UH2EQN6voyvcL4Xnnv0p13vAZ4%2BFK07G3mAN9hCs48VXkPUEPI%2BSWcAcVCFB1Uwz%2FLcOcDgB%2F7%2FfFDVPZ0azy7sYPBVea9agzjnBsE0UOOGd5ti">
  <input type="hidden" id="session-id" name="session-id" value="258-6087796-6559137">
  <input type="hidden" id="ASIN" name="ASIN" value="8191013401">
  <input type="hidden" id="isMerchantExclusive" name="isMerchantExclusive" value="0">
  <input type="hidden" id="merchantID" name="merchantID" value="A1KGPJ76KXRTOJ">
  <input type="hidden" id="isAddon" name="isAddon" value="0">
  <input type="hidden" id="nodeID" name="nodeID" value="">
  <input type="hidden" id="sellingCustomerID" name="sellingCustomerID" value="">
  <input type="hidden" id="qid" name="qid" value="">
  <input type="hidden" id="sr" name="sr" value="">
  <input type="hidden" id="storeID" name="storeID" value="">
  <input type="hidden" id="tagActionCode" name="tagActionCode" value="">
  <input type="hidden" id="viewID" name="viewID" value="glance">
  <input type="hidden" id="rebateId" name="rebateId" value="">
  <input type="hidden" id="ctaDeviceType" name="ctaDeviceType" value="desktop">
  <input type="hidden" id="ctaPageType" name="ctaPageType" value="detail">
  <input type="hidden" id="usePrimeHandler" name="usePrimeHandler" value="0">
  <input type="hidden" id="rsid" name="rsid" value="258-6087796-6559137">
  <input type="hidden" id="sourceCustomerOrgListID" name="sourceCustomerOrgListID" value="">
  <input type="hidden" id="sourceCustomerOrgListItemID" name="sourceCustomerOrgListItemID" value="">
  <input type="hidden" name="wlPopCommand" value="">
  <div class="a-box-group">
    <div class="a-box a-last">
      <div class="a-box-inner">
        <div class="a-section a-spacing-none a-padding-none">
          <div id="booksHeaderInfoContainer" class="celwidget" data-feature-name="booksHeaderInfoContainer" data-csa-c-id="wq5y4x-gktm60-yh27ok-q9c0ct" data-cel-widget="booksHeaderInfoContainer">
            <div id="newBooksSingleBuyingOptionHeader_feature_div" class="celwidget" data-feature-name="newBooksSingleBuyingOptionHeader" data-csa-c-id="4yqgkm-ujjgas-otk52q-53z35j" data-cel-widget="newBooksSingleBuyingOptionHeader_feature_div">
              <h5>
                <div id="booksHeaderSection" class="a-section a-spacing-none">
                  <div class="a-row">
                    <div class="a-column a-span4 a-text-left"> <span id="newBuyingOption"> Buy new: </span> </div>
                    <div class="a-column a-span8 a-text-right a-span-last"> <span id="price" class="a-size-medium a-color-price header-price a-text-normal">₹480.00</span> </div>
                  </div>
                </div>
              </h5>
            </div>
          </div>
          <div id="apex_offerDisplay_desktop" class="celwidget" data-feature-name="apex_offerDisplay_desktop" data-csa-c-id="blx2d8-58gh1w-a37328-yh3tef" data-cel-widget="apex_offerDisplay_desktop">
            <div id="corePrice_feature_div" class="celwidget" data-feature-name="corePrice" data-csa-c-id="80eb9n-47qti7-e9kqta-wipuvo" data-cel-widget="corePrice_feature_div">
            </div>
            <div id="regulatoryDeposit_feature_div" class="celwidget" data-feature-name="regulatoryDeposit" data-csa-c-id="c388py-pvzls9-2dltrw-ylyld8" data-cel-widget="regulatoryDeposit_feature_div">
            </div>
          </div>
          <div id="desktop_qualifiedBuyBox" class="celwidget" data-feature-name="desktop_qualifiedBuyBox" data-csa-c-id="swob3t-iwg7ds-wzu4dz-f45ly" data-cel-widget="desktop_qualifiedBuyBox">
            <div class="a-section a-spacing-none a-padding-none">
              <div id="promotionMessageInsideBuyBox_feature_div" class="celwidget" data-feature-name="promotionMessageInsideBuyBox" data-csa-c-id="8m5ws1-ath9jk-dmpb0x-mkykqc" data-cel-widget="promotionMessageInsideBuyBox_feature_div">
              </div>
              <div id="booksAdditionalPriceInfoContainer" class="celwidget" data-feature-name="booksAdditionalPriceInfoContainer" data-csa-c-id="aovp82-vziy2g-hmls19-k9a7m3" data-cel-widget="booksAdditionalPriceInfoContainer">
                <div id="businessPricing_feature_div" class="celwidget" data-feature-name="businessPricing" data-csa-c-id="q3s5v4-5aregp-iv0467-ieazvr" data-cel-widget="businessPricing_feature_div">
                </div>
                <div id="newBooksAdditionalPriceInfo_feature_div" class="celwidget" data-feature-name="newBooksAdditionalPriceInfo" data-csa-c-id="f6xy0e-636r0c-ek0o4w-4fsmg4" data-cel-widget="newBooksAdditionalPriceInfo_feature_div">
                  <div id="listPriceSection" class="a-section a-spacing-none a-text-right"> <span id="listPriceLabel" class="a-color-secondary">M.R.P.:</span> <span id="listPrice" class="a-color-secondary a-text-strike">₹600.00</span> </div>
                  <div id="savingsSection" class="a-section a-spacing-none a-text-right"> <span id="savingsLabel" class="a-color-secondary">Save:</span> <span id="savingsAmount" class="a-color-secondary">₹120.00</span> <span id="savingsPercentage"
                      class="a-color-secondary">(20%)</span> </div>
                </div>
                <div id="vatMessage_feature_div" class="celwidget" data-feature-name="vatMessage" data-csa-c-id="4ftbvu-a9ccaz-3m0yfh-v9uwfm" data-cel-widget="vatMessage_feature_div">
                  <div id="vatSection" class="a-section a-spacing-none a-text-right"> <span class="a-size-base"> Inclusive of all taxes</span> </div>
                </div>
                <div id="booksPmpUx_feature_div" class="celwidget" data-feature-name="booksPmpUx" data-csa-c-id="z64wze-4qaegw-6qs3ki-u40nxw" data-cel-widget="booksPmpUx_feature_div">
                </div>
              </div>
              <div id="invitePlatform_feature_div" class="celwidget" data-feature-name="invitePlatform" data-csa-c-id="qlkpm3-kzdzps-mnf4b1-u5zc32" data-cel-widget="invitePlatform_feature_div">
              </div>
              <div id="pointsInsideBuyBox_feature_div" class="celwidget" data-feature-name="pointsInsideBuyBox" data-csa-c-id="g9lm33-ghqqsk-e9ubtz-3cda0n" data-cel-widget="pointsInsideBuyBox_feature_div">
              </div>
              <div id="agsShippingAndIfdInsideBuyBox_feature_div" class="celwidget" data-feature-name="agsShippingAndIfdInsideBuyBox" data-csa-c-id="4r919h-7kg7w5-nmhwhs-gmbmju" data-cel-widget="agsShippingAndIfdInsideBuyBox_feature_div">
                <!-- For LightningDeal use case, agsShippingAndIfdInsideBuyBox is only configured on regular offer, so set defaultPageContext as buyingPrice -->
              </div>
              <div id="shippingMessageInsideBuyBox_feature_div" class="celwidget" data-feature-name="shippingMessageInsideBuyBox" data-csa-c-id="emcj0s-hhs7fj-qjaouv-a8biqp" data-cel-widget="shippingMessageInsideBuyBox_feature_div">
                <div class="a-section">
                  <div class="a-row">
                    <div class="a-column a-span12 a-text-left a-spacing-top-micro"> <span id="price-shipping-message" class="a-size-base a-color-base"></span> </div>
                  </div>
                </div>
              </div>
              <div id="amazonGlobal_feature_div" class="celwidget" data-feature-name="amazonGlobal" data-csa-c-id="pb3dji-z4q132-7hjerk-2q21nh" data-cel-widget="amazonGlobal_feature_div">
              </div>
              <div id="couponsInBuybox_feature_div" class="celwidget" data-feature-name="couponsInBuybox" data-csa-c-id="tkj9x1-xguf5l-vzrah0-dpe1yt" data-cel-widget="couponsInBuybox_feature_div">
              </div>
              <div id="deliveryBlockContainer" class="celwidget" data-feature-name="deliveryBlockContainer" data-csa-c-id="zgumx1-hjzpy5-njsm5k-fie4av" data-cel-widget="deliveryBlockContainer">
                <div id="deliveryBlock_feature_div" class="celwidget" data-feature-name="deliveryBlock" data-csa-c-id="g389th-eekupp-ozat7j-l32im5" data-cel-widget="deliveryBlock_feature_div">
                  <div id="deliveryBlockMessage" class="a-section">
                    <div id="mir-layout-DELIVERY_BLOCK">
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-DELIVERY_MESSAGE">
                        <a href="/gp/help/customer/display.html/ref=hp_200507590_COD?ie=UTF8&amp;pop-up=1&amp;nodeId=200904360" target="AmazonHelp" onclick="return amz_js_PopWin(this.href,'AmazonHelp','width=550,height=600,resizable=1,scrollbars=1,toolbar=0,status=0');">FREE delivery:</a>
                        <b>Friday, April 8 </b>
                        <a href="/gp/help/customer/display.html/ref=ddm_not_ft_dp?ie=UTF8&amp;pop-up=1&amp;nodeId=200534000" target="AmazonHelp" onclick="return amz_js_PopWin(this.href,'AmazonHelp','width=550,height=600,resizable=1,scrollbars=1,toolbar=0,status=0');">Details</a>
                      </div>
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-CORE_FREE_SHIPPING_SUPPLEMENTARY_MESSAGE"></div>
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-UPSELL"></div>
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-EXTENDED_DELIVERY_PROMISE_MESSAGE"></div>
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-HOLIDAY_DELIVERY_MESSAGE"></div>
                      <div class="a-spacing-base" id="mir-layout-DELIVERY_BLOCK-slot-SUPPLEMENTAL_DELIVERY_MESSAGE"></div>
                    </div>
                  </div>
                </div>
                <div id="cipInsideDeliveryBlock_feature_div" class="celwidget" data-feature-name="cipInsideDeliveryBlock" data-csa-c-id="hjoyw4-wk2txg-nb8470-w18eal" data-cel-widget="cipInsideDeliveryBlock_feature_div">
                  <span class="a-declarative" data-action="dpContextualIngressPt" data-csa-c-type="widget" data-csa-c-func-deps="aui-da-dpContextualIngressPt" data-dpcontextualingresspt="{}" data-csa-c-id="icmuko-2cgtj1-g7diaq-nzfygo"> <a class="a-link-normal" href="#"> <div class="a-row a-spacing-small"> <div class="a-column a-span12 a-text-left"> <div id="contextualIngressPt">
                        <div id="contextualIngressPtPin"></div>
                        <span id="contextualIngressPtLabel" class="cip-a-size-small">
                            <div id="contextualIngressPtLabel_deliveryShortLine">Select delivery location</div>
                        </span>
                    </div>
                </div> </div> </a> </span>
                </div>
              </div>
              <div id="deliveryPromiseInsideBuyBox_feature_div" class="celwidget" data-feature-name="deliveryPromiseInsideBuyBox" data-csa-c-id="dvhbys-nb7kra-a1ww3h-9modk6" data-cel-widget="deliveryPromiseInsideBuyBox_feature_div">
              </div>
              <div id="promiseBasedBadgeInsideBuyBox_feature_div" class="celwidget" data-feature-name="promiseBasedBadgeInsideBuyBox" data-csa-c-id="7tfz1x-zadbi4-3hiig1-m90uk8" data-cel-widget="promiseBasedBadgeInsideBuyBox_feature_div">
                <div class="a-section a-spacing-micro">
                  <div class="a-row">
                    <div class="a-column a-span12 a-text-left"> </div>
                  </div>
                </div>
              </div>
              <div id="promoPriceBlockMessageInBuyBox_feature_div" class="celwidget" data-feature-name="promoPriceBlockMessage" data-csa-c-id="5jx9ww-byahwj-h4k83r-62zh8m" data-cel-widget="promoPriceBlockMessageInBuyBox_feature_div">
                <script type="text/javascript">
                  (function(f) {
                    var _np = (window.P._namespace("promoRenameBuyBoxCXCW"));
                    if (_np.guardFatal) {
                      _np.guardFatal(f)(_np);
                    } else {
                      f(_np);
                    }
                  }(function(P) {
                    P.when('A', 'jQuery').execute(function(A, $) {
                      $('#desktop_buybox').find('#promoPriceBlockMessage_feature_div').prop("id", "promoPriceBlockMessageInBuyBox_feature_div");
                    });
                  }));
                </script>
              </div>
              <div id="addOnMessage_feature_div" class="celwidget" data-feature-name="addOnMessage" data-csa-c-id="mydiiz-md00k0-pqylhf-ii8bc1" data-cel-widget="addOnMessage_feature_div">
              </div>
              <div id="availabilityInsideBuyBox_feature_div" class="celwidget" data-feature-name="availabilityInsideBuyBox" data-csa-c-id="wdcoq3-5rpwhm-172gjb-j4nooa" data-cel-widget="availabilityInsideBuyBox_feature_div">
                <div class="a-section">
                  <div id="availability" class="a-section a-spacing-none }"> <span class="a-size-medium a-color-success"> In stock. </span> <br> </div>
                  <div class="a-section a-spacing-none"> </div>
                  <div class="a-section a-spacing-mini"> </div>
                  <style>
                    .availabilityMoreDetailsIcon {
                      width: 12px;
                      vertical-align: baseline;
                      fill: #969696;
                    }
                  </style>
                </div>
              </div>
              <div id="outOfCountryInsideBuyBox_feature_div" class="celwidget" data-feature-name="outOfCountryInsideBuyBox" data-csa-c-id="obaxn7-4vkjd3-uxzas4-l4utt2" data-cel-widget="outOfCountryInsideBuyBox_feature_div">
              </div>
              <div id="alternativeProductMessage2_feature_div" class="celwidget" data-feature-name="alternativeProductMessage2" data-csa-c-id="893ipq-txlqic-9ot55i-mhotgx" data-cel-widget="alternativeProductMessage2_feature_div">
              </div>
              <div id="globalStoreBadgePopoverInsideBuybox_feature_div" class="celwidget" data-feature-name="globalStoreBadgePopoverInsideBuybox" data-csa-c-id="ybzy0g-syc493-xlalzr-u9elfc"
                data-cel-widget="globalStoreBadgePopoverInsideBuybox_feature_div">
              </div>
              <div id="quantityRelocate_feature_div" class="celwidget" data-feature-name="quantityRelocate" data-csa-c-id="n44qyb-uaekwq-dipezj-4d68pw" data-cel-widget="quantityRelocate_feature_div">
              </div>
              <div id="quantityAwarePriceRelocate_feature_div" class="celwidget" data-feature-name="quantityAwarePriceRelocate" data-csa-c-id="kzdmae-qxsxmy-42nhvu-cuypvg" data-cel-widget="quantityAwarePriceRelocate_feature_div">
              </div>
              <div id="soldByThirdPartyRelocate_feature_div" class="celwidget" data-feature-name="soldByThirdPartyRelocate" data-csa-c-id="fsstsf-1fx44n-xbxthn-cwlho8" data-cel-widget="soldByThirdPartyRelocate_feature_div">
              </div>
              <div id="twisterPlusPriceSubtotalWWDesktop_feature_div" class="celwidget" data-feature-name="twisterPlusPriceSubtotalWWDesktop" data-csa-c-id="zcxgcu-pd0gt2-dgsl3q-vfaeoa" data-cel-widget="twisterPlusPriceSubtotalWWDesktop_feature_div">
                <input type="hidden" id="twister-plus-price-data-price" value="480">
                <input type="hidden" id="twister-plus-price-data-savings" value="0">
                <input type="hidden" id="twister-plus-price-data-price-unit" value="₹">
                <div class="a-section aok-hidden twister-plus-buying-options-price-data">
                  [{"displayPrice":"₹480.00","priceAmount":480.00,"currencySymbol":"₹","integerValue":"480","decimalSeparator":".","fractionalValue":"00","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":false,"offerListingId":"AoV0UV1%2BRNPvLUEZNfeSy910VuoKCiaratn6Mq05%2FyKUh%2B%2FZ4YgBMhU9O8P3ByaCZSebfuk%2F0EhyvCqE3UH2EQN6voyvcL4Xnnv0p13vAZ4%2BFK07G3mAN9hCs48VXkPUEPI%2BSWcAcVCFB1Uwz%2FLcOcDgB%2F7%2FfFDVPZ0azy7sYPBVea9agzjnBsE0UOOGd5ti","locale":"en-IN","buyingOptionType":"NEW"}]
                </div>
                <div id="tp_price_update_feature_ww" class="a-section price-update-feature-ww aok-hidden">
                  <div id="tp_price_row_ww" class="a-section a-spacing-small price-update-row-ww aok-hidden"> <span id="price_block_currency_symbol_ww" class="a-size-medium a-color-price a-price-symbol">₹</span><!--Adding space based
 on hasSpace --><!--To remove span
    space--><!--To remove
span space--><span class="a-size-medium a-text-bold"><!--To
remove span space--><span id="tp_price_block_total_price_ww" class="a-price" data-a-size="m" data-a-color="price"><span class="a-offscreen">₹480.00</span><span aria-hidden="true"><span class="a-price-symbol"></span><span
                            class="a-price-whole">480<span class="a-price-decimal">.</span></span><span class="a-price-fraction">00</span></span></span><!--To remove
span space--></span><!--To remove
span space--> <span id="tp-price-update-payment-period" class="a-size-medium a-color-price aok-hidden"> <span id="tp-price-update-payment-term"></span> (<span id="tp-price-update-payment-term-length"></span>) </span> <span id="tp_options_detail"
                      class="a-size-base aok-hidden"> Includes selected options. </span> <span id="tp_monthly_options_detail" class="a-size-base aok-hidden"> Includes initial monthly payment and selected options. </span> <span class="a-size-base">
                      <span class="a-declarative" data-action="a-popover" data-csa-c-type="widget" data-csa-c-func-deps="aui-da-a-popover"
                        data-a-popover="{&quot;closeButton&quot;:&quot;false&quot;,&quot;name&quot;:&quot;twisterPlusPopOver&quot;,&quot;activate&quot;:&quot;onmouseover&quot;,&quot;width&quot;:&quot;350px&quot;,&quot;position&quot;:&quot;triggerLeft&quot;}"
                        data-csa-c-id="mxafzy-dfp4yw-623cb5-6ohj0d"> <span cssclass="celwidget" cel_widget_id="twisterPlus-celwidget-popover">
                          <a id="price_block_total_price_details_ww" class="a-link-normal" href="#"> Details </a> </span>
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                      <div class="a-popover-preload" id="a-popover-twisterPlusPopOver">
                        <div id="twister-plus-popover-inner" class="a-section">
                          <div id="twister-plus-tool-tip" class="a-section twister-plus-tool-tip-container">
                            <div id="tp-tool-tip-price-section" class="a-section a-spacing-base a-spacing-top-base">
                              <div id="tp-tool-tip-price-block" class="a-fixed-right-grid a-spacing-small">
                                <div class="a-fixed-right-grid-inner" style="padding-right:110px">
                                  <div class="a-fixed-right-grid-col a-col-left" style="padding-right:4%;float:left;"> <span id="display-string" class="a-size-base">Price</span> <span class="a-size-base tp-tool-tip-quantity-block aok-hidden"> <span
                                        class="a-offscreen"></span> <span aria-hidden="true"> <span> (</span><!-- Adding comment to avoid span
                        space--><!-- Adding comment to avoid span
                        space--><span class="a-price-symbol">₹</span><!-- Adding space based on
                        hasSpace--><!-- To remove span
                        space--><!-- To remove span
                        space--><span class="a-price-whole">480<span class="a-price-decimal">.</span></span><span class="a-price-fraction">00</span><!-- To remove span
                        space--><!-- Adding comment to avoid span
                        space--><span>x<span id="tp-item-quantity"></span>)</span> </span> </span> </div>
                                  <div class="a-text-right a-fixed-right-grid-col a-col-right" style="width:110px;margin-right:-110px;float:left;"> <span id="tp-tool-tip-price" class="a-size-base twister-plus-price-template"> <span
                                        class="a-offscreen"></span> <span aria-hidden="true"> <span id="price-sign-string" class="a-size-base"></span> <span class="a-price-symbol">₹</span><!-- Adding space based on
                 hasSpace--><!-- To remove span
                space--><!-- To remove span
                space--><span class="a-price-whole">480<span class="a-price-decimal">.</span></span><span class="a-price-fraction">00</span><!-- To remove span
                space--> </span> </span> </div>
                                </div>
                              </div>
                            </div>
                            <hr aria-hidden="true" class="a-spacing-small a-divider-normal">
                            <div id="twister-plus-tool-tip-subtotal-section" class="a-section a-spacing-base">
                              <div id="tp-tool-tip-subtotal-price-block" class="a-fixed-right-grid a-spacing-small">
                                <div class="a-fixed-right-grid-inner" style="padding-right:110px">
                                  <div class="a-fixed-right-grid-col a-col-left" style="padding-right:4%;float:left;"> <span id="display-string" class="a-size-base">Subtotal</span> </div>
                                  <div class="a-text-right a-fixed-right-grid-col a-col-right" style="width:110px;margin-right:-110px;float:left;"> <span class="a-size-medium twister-plus-subtotal-price-template"> <span
                                        id="tp-tool-tip-subtotal-price-currency-symbol" class="a-size-medium a-color-price a-price-symbol">₹</span><!-- Adding space based on
            hasSpace--><!--To remove span
            space--><!--To remove span
            space--><span class="a-size-medium a-text-bold"><!--To
                    remove span space--><span id="tp-tool-tip-subtotal-price-value" class="a-price" data-a-size="m" data-a-color="price"><span class="a-offscreen">₹480.00</span><span aria-hidden="true"><span class="a-price-symbol"></span><span
                                              class="a-price-whole">480<span class="a-price-decimal">.</span></span><span class="a-price-fraction">00</span></span></span><!--To remove span
            space--></span><!--To remove span
            space--> </span> </div>
                                </div>
                              </div>
                              <div id="tp-tool-tip-monthly-payment-subtotal-price-block" class="a-fixed-right-grid aok-hidden a-spacing-small">
                                <div class="a-fixed-right-grid-inner" style="padding-right:110px">
                                  <div class="a-fixed-right-grid-col a-col-left" style="padding-right:4%;float:left;"> <span id="display-string" class="a-size-base">Subtotal</span> </div>
                                  <div id="tp-monthly-payment-subtotal-price" class="a-text-right a-fixed-right-grid-col a-col-right" style="width:110px;margin-right:-110px;float:left;"> </div>
                                </div>
                              </div>
                              <div id="twister-plus-order-level-monthly-payments-section" class="a-section aok-hidden">
                                <hr aria-hidden="true" class="a-spacing-small a-divider-normal">
                                <div id="tp-tool-tip-order-level-monthly-payments-price-block" class="a-fixed-right-grid a-spacing-small">
                                  <div class="a-fixed-right-grid-inner" style="padding-right:110px">
                                    <div class="a-fixed-right-grid-col a-col-left" style="padding-right:4%;float:left;"> <span id="display-string" class="a-size-base a-text-bold"></span> </div>
                                    <div id="tp-order-level-monthly-payment-subtotal-price" class="a-text-right a-fixed-right-grid-col a-col-right" style="width:110px;margin-right:-110px;float:left;"> </div>
                                  </div>
                                </div>
                              </div>
                              <div id="twister-plus-item-level-monthly-payments-section" class="a-section aok-hidden">
                                <hr id="twister-plus-monthly-payments-divider" aria-hidden="true" class="a-spacing-small a-divider-normal">
                                <div id="tp-monthly-payments-breakdown-section" class="a-section"> <span class="a-text-bold">Initial payment breakdown</span> </div>
                                <hr aria-hidden="true" class="a-spacing-small a-divider-normal">
                                <div id="tp-tool-tip-item-level-monthly-payments-price-block" class="a-fixed-right-grid a-spacing-small">
                                  <div class="a-fixed-right-grid-inner" style="padding-right:110px">
                                    <div class="a-fixed-right-grid-col a-col-left" style="padding-right:0%;float:left;"> </div>
                                    <div id="tp-item-level-monthly-payment-subtotal-price" class="a-text-right a-fixed-right-grid-col a-col-right" style="width:110px;margin-right:-110px;float:left;"> </div>
                                  </div>
                                </div>
                              </div>
                              <div id="tp-tool-tip-footnote-section" class="a-section a-spacing-small"> <span id="tp-footnote-text" class="a-size-small a-color-secondary">Shipping cost, delivery date and order total (including tax) shown at
                                  checkout.</span> <br>
                              </div>
                              <div id="tp-tool-tip-strings" class="a-section a-spacing-small aok-hidden"> <span id="tp-tool-tip-item-strings" data-item-count-plural-template=" (###itemQuantity items)"
                                  data-item-count-singular-template=" (###itemQuantity item)"> </span> <span id="tp-tool-tip-footnote-string" data-monthly-payment-footnote-template="Monthly payments apply to the main item only, not to enhancements.">
                                </span> </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </span> </div>
                </div>
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              <div id="buyNow_feature_div" class="celwidget" data-feature-name="buyNow" data-csa-c-id="xk38tn-56wps-2sc93u-o6rv7g" data-cel-widget="buyNow_feature_div">
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              <div id="secureTransaction_feature_div" class="celwidget" data-feature-name="secureTransaction" data-csa-c-id="vmi84n-hixiyd-hxox0c-ou5ty" data-cel-widget="secureTransaction_feature_div">
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                <div class="a-section a-spacing-mini">
                  <div id="merchant-info" class="a-section a-spacing-mini"> Sold by <a href="/sp?marketplaceID=A21TJRUUN4KGV&amp;seller=A1KGPJ76KXRTOJ" id="sellerProfileTriggerId">Kensource Books</a> and Delivered by Amazon. <span class="">
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                data-cel-widget="originalPackagingMessageInsideBuyBox_feature_div">
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              <div id="tradeInInstantSavings_feature_div" class="celwidget" data-feature-name="tradeInInstantSavings" data-csa-c-id="wh0yoi-2mr0va-sxe5ef-sb4dg0" data-cel-widget="tradeInInstantSavings_feature_div">
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                <script type="a-state" data-a-state="{&quot;key&quot;:&quot;atc-page-state&quot;}">{"shouldUseNatc":false}</script>
                <div class="a-button-stack"> <span class="a-declarative" data-action="dp-pre-atc-declarative" data-csa-c-type="widget" data-csa-c-func-deps="aui-da-dp-pre-atc-declarative" data-dp-pre-atc-declarative="{}" id="atc-declarative"
                    data-csa-c-id="pyv68u-wqcvq6-6upwf5-waamup"> <span id="submit.add-to-cart" class="a-button a-spacing-small a-button-primary a-button-icon"><span class="a-button-inner"><i class="a-icon a-icon-cart"></i><input
                          id="add-to-cart-button" name="submit.add-to-cart" title="Add to Shopping Cart" data-hover="Select <b>__dims__</b> from the left<br> to add to Shopping Cart" class="a-button-input" type="submit" value="Add to Cart"
                          aria-labelledby="submit.add-to-cart-announce"><span id="submit.add-to-cart-announce" class="a-button-text" aria-hidden="true">Add to Cart</span></span></span> </span> </div>
                <div class="dp-cif aok-hidden" data-feature-details="{&quot;name&quot;:&quot;atc&quot;,&quot;isInteractive&quot;:false}"></div>
                <script type="text/javascript">
                  (function(f) {
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                    }
                  }(function(P) {
                    P.now().execute('dp-mark-atc', function() {
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                        window.markFeatureRender('atc', {
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              <div id="preAddToCartFramework_feature_div" class="celwidget" data-feature-name="preAddToCartFramework" data-csa-c-id="nt49n4-7rr8z0-fj9jph-ah9u5f" data-cel-widget="preAddToCartFramework_feature_div">
                <script type="a-state" data-a-state="{&quot;key&quot;:&quot;dp-pre-atc-hero&quot;}">{"heroName":""}</script>
                <script type="a-state" data-a-state="{&quot;key&quot;:&quot;dp-pre-atc-hero-candidates&quot;}">{}</script>
              </div>
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                <div class="a-button-stack">
                  <div id="buyNow" class="a-section a-spacing-base"> <span id="submit.buy-now" class="a-button a-button-oneclick a-button-icon onml-buy-now-button"><span class="a-button-inner"><i class="a-icon a-icon-buynow"></i><input
                          id="buy-now-button" name="submit.buy-now" data-hover="Select <b>__dims__</b> from the left<br> to Buy" class="a-button-input" type="submit" aria-labelledby="submit.buy-now-announce"><span id="submit.buy-now-announce"
                          class="a-button-text" aria-hidden="true"> Buy Now </span></span></span> </div>
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              <div id="secureTransaction_feature_div" class="celwidget" data-feature-name="secureTransaction" data-csa-c-id="2czs0b-istlc6-o7my87-3g2fny" data-cel-widget="secureTransaction_feature_div">
                <div class="a-section a-spacing-small a-text-left celwidget" data-csa-c-id="wvmhqy-7ra0n7-nxq5pz-lajbpf" data-cel-widget=""> <span class="a-declarative" data-action="a-popover" data-csa-c-type="widget"
                    data-csa-c-func-deps="aui-da-a-popover" data-a-popover="{&quot;name&quot;:&quot;secureTransactionsPopover&quot;,&quot;activate&quot;:&quot;onclick&quot;,&quot;position&quot;:&quot;triggerBottom&quot;}"
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      <img alt="" src="https://images-na.ssl-images-amazon.com/images/G/01/x-locale/checkout/truespc/secured-ssl._CB485936932_.png" height="15px"> </span> <span class="a-letter-space"></span> <span>Secure transaction</span> </a> </span> </div>
                <div class="a-popover-preload" id="a-popover-secureTransactionsPopover">
                  <div cel_widget_id="secureTransaction-celwidget-popover-inner" class="celwidget" data-csa-c-id="22ttqe-kb9dl3-f8wrg1-fzmwl0" data-cel-widget="secureTransaction-celwidget-popover-inner">
                    <div class="a-section a-padding-base">
                      <div class="a-row a-spacing-base"> <span class="a-text-bold">Your transaction is secure</span> </div>
                      <div class="a-row a-spacing-micro"> <span>We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party
                          sellers, and we don’t sell your information to others.</span>
                        <a class="a-link-normal a-nowrap" target="_blank" href="/gp/help/customer/display.html?nodeId=202115020&amp;ref_=buybox-secureTransaction-learnMore-web">Learn more</a> </div>
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              <div id="oneClick_feature_div" class="celwidget" data-feature-name="oneClick" data-csa-c-id="lu7xiz-w5dnnb-1rs6mh-d58d3e" data-cel-widget="oneClick_feature_div">
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              <div id="detailPageGifting_feature_div" class="celwidget" data-feature-name="detailPageGifting" data-csa-c-id="g7ptew-1rz4d7-qkvu89-nkiyak" data-cel-widget="detailPageGifting_feature_div">
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              <div id="makoPreRegistration" class="celwidget" data-feature-name="makoPreRegistration" data-csa-c-id="lvh2ml-z9zw7d-81boh3-eev90f" data-cel-widget="makoPreRegistration">
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          <div id="addToWishlist_feature_div" class="celwidget" data-feature-name="addToWishlist" data-csa-c-id="30r2ew-ph6w0i-2yf5bt-ogubyq" data-cel-widget="addToWishlist_feature_div">
            <hr aria-hidden="true" class="a-spacing-base a-divider-normal">
            <script>
              function atwlEarlyClick(e) {
                e.preventDefault();
                if (window.atwlLoaded) {
                  return; //if JS is loaded then we can ignore the early click case
                }
                var ADD_TO_LIST_FROM_DETAIL_PAGE_VENDOR_ID = "website.wishlist.detail.add.earlyclick";
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                var xhr = new XMLHttpRequest();
                xhr.open("POST", url, false);
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            <style type="text/css">
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                border-radius: 3px 0 0 3px;
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              #wl-main-inline-wrapper #wishListMainButton {
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            <div id="wishlistButtonStack" class="a-button-stack">
              <div id="add-to-wishlist-button-group" data-csa-c-func-deps="aui-da-a-button-group" data-csa-c-type="widget" data-csa-interaction-events="click" data-hover="<!-- If PartialItemStateWeblab is true then, showing different Add-to-wish-list tool-tip message which is consistent with Add-to-Cart tool tip message.  -->
       To Add to Wish List, choose from options to the left" class="a-button-group a-declarative a-spacing-none" data-action="a-button-group" role="radiogroup" data-csa-c-id="1pmsi1-hm9obk-u7tjkm-9iod98"> <span id="wishListMainButton"
                  class="a-button a-button-groupfirst a-spacing-none a-button-base a-declarative" role="radio" data-action="add-wishlist-declarative" aria-posinset="1" aria-setsize="1"><span class="a-button-inner"><a href="https://www.amazon.in/ap/signin?openid.return_to=https%3A%2F%2Fwww.amazon.in%2Fgp%2Faw%2Fd%2F8191013401&amp;openid.identity=http%3A%2F%2Fspecs.openid.net%2Fauth%2F2.0%2Fidentifier_select&amp;openid.assoc_handle=inamazon&amp;openid.mode=checkid_setup&amp;openid.claimed_id=http%3A%2F%2Fspecs.openid.net%2Fauth%2F2.0%2Fidentifier_select&amp;openid.ns=http%3A%2F%2Fspecs.openid.net%2Fauth%2F2.0&amp;" name="submit.add-to-registry.wishlist.unrecognized" title="Add to Wish List" data-hover="<!-- If PartialItemStateWeblab is true then, showing different Add-to-wish-list tool-tip message which is consistent with Add-to-Cart tool tip message.  -->
       To Add to Wish List, choose from options to the left" class="a-button-text a-text-left"> Add to Wish List </a></span></span> </div>
              <div id="atwl-inline-spinner" class="a-section a-hidden">
                <div class="a-spinner-wrapper"><span class="a-spinner a-spinner-medium"></span></div>
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              <div id="atwl-inline" class="a-section a-spacing-none a-hidden">
                <div class="a-row a-text-ellipsis">
                  <div id="atwl-inline-sucess-msg" class="a-box a-alert-inline a-alert-inline-success" aria-live="polite" aria-atomic="true">
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                      <div class="a-alert-content"> <span class="a-size-base" role="alert"> Added to </span> </div>
                    </div>
                  </div> <a id="atwl-inline-link" class="a-link-normal" href="/gp/registry/wishlist/"> <span id="atwl-inline-link-text" class="a-size-base" role="alert"> </span> </a>
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              <div id="atwl-inline-error" class="a-section a-hidden">
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                            Scam</span></div><span class="a-size-small _p13n-desktop-sims-fbt_fbt-desktop_detail-row-element__2WDgq a-nowrap"> by Debashis Basu </span><span
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                          class="a-size-small _p13n-desktop-sims-fbt_fbt-desktop_detail-row-element__2WDgq a-nowrap"> by Sucheta Dalal </span><span
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The most thrilling non-fiction business book ever written in India.


A fast, colourful narrative, knitting together the life and times of all stock
market players involved in two of India's biggest stock market scams.


The Scam, a chronicle of two of the most famous scams in the Indian stock
markets First published in April 1993, this 11th printing of the scam includes
the original Harshad Mehta Scam and the Ketan Parekh Scam, while also delving
into the JPC Fiasco and the Global Trust Bank Scam.

The basic question that the book deals with is, "what really happened in the two
great Indian scams?"

The answer to this question, detailed in the book, brings up another important
one, "Have we learnt anything since, so that such things don't happen again?"



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    8191013401
 6. ISBN-13
    
    978-8191013405
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PRODUCT DETAILS

 * Language ‏ : ‎ English
 * Paperback ‏ : ‎ 448 pages
 * ISBN-10 ‏ : ‎ 8191013401
 * ISBN-13 ‏ : ‎ 978-8191013405
 * Item Weight ‏ : ‎ 390 g
 * Dimensions ‏ : ‎ 20 x 14 x 2 cm
 * Country of Origin ‏ : ‎ India
 * Net Quantity ‏ : ‎ 1.00 count
 * Generic Name ‏ : ‎ Book

 * Best Sellers Rank: #5,957 in Books (See Top 100 in Books)
    * #334 in Analysis & Strategy

 * Customer Reviews:
   4.5 out of 5 stars 404 ratings






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ABOUT THE AUTHORS

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Previous page
 1. Follow
    
    
    DEBASHIS BASU
    
    Brief content visible, double tap to read full content.
    Full content visible, double tap to read brief content.
    
    Debashis Basu is a Chartered Accountant by qualification with three decades
    of experience as a journalist and the author of several business books. He
    has worked with The Times of India, Business World, Business India, Business
    Today, Financial Express and has written columns for Business Standard and
    The Economic Times. He also writes a fortnightly column for Business
    Standard.
    
    Along with Sucheta Dalal, he has co-authored two best-selling books, "The
    Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story
    of the National Stock Exchange’s amazing success, leading to hubris,
    regulatory capture and algo scam". They both also co-authored Pathbreakers 1
    & Pathbreakers 2, which contain deep insights, unknown facts and captivating
    events in the life of 51 top achievers, in their own words.
    
    Debashis also authored Face Value: Creation and Destruction of Shareholder
    Value in India; Growth Alchemy: Why Smaller Firms Fail to Find Finance and
    How Market-based Solutions Can Help; and Plain Truth Series on Stocks,
    Mutual Funds and Investments.
    
    He was a member of the Task Force of the Securities and Exchange Board of
    India (SEBI) on the creation of IndoNext market segment for smaller
    companies and served as the member of the mutual fund advisory committee of
    SEBI. He directs the research and reporting on financial products at
    Moneylife and also oversees the design and business aspects of Moneylife.
    
    
    See more on the author's page
 2. Follow
    
    
    SUCHETA DALAL
    
    Brief content visible, double tap to read full content.
    Full content visible, double tap to read brief content.
    
    Sucheta Dalal is among the best known financial journalists in India. Her
    three decades of outstanding investigative reporting spans the Harshad Mehta
    scam, CR Bhansali scam, exposé of Enron, bad loans in banks, numerous
    corporate shenanigans and regulatory lapses have appeared in Business
    Standard, The Economic Times and The Times of India. She received the
    Chameli Devi Award for outstanding journalism and Femina Woman of Substance
    Award, both in 1993. She served as a member of the NR Narayana Murthy
    committee on corporate governance in 2003, was a member of the primary
    market advisory committee of SEBI and a member of Investor Education and
    Protection Fund of the Government of India. She was also a trustee of the
    Ahmedabad-based Consumer Research and Education Centre. She has co-authored
    the best-selling book The Scam: From Harshad Mehta to Ketan Parekh; AD
    Shroff: A Titan of Fianance and Pathbreakers 1&2. Based on her outstanding
    investigative journalism spanning two decades, she was awarded the Padma
    Shri in 2006. She directs the current news and socially-oriented reporting
    at Moneylife, the Foundation’s activities and grievance redressal
    activities.
    
    
    See more on the author's page

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Amazon Customer
5.0 out of 5 stars The Scam
Reviewed in India on 21 July 2021
Nice book , got it @₹480 due to 1st week 20% discount offer . It's a new edition
book . Thank you Amazon.
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TOP REVIEWS FROM INDIA



THERE WAS A PROBLEM FILTERING REVIEWS RIGHT NOW. PLEASE TRY AGAIN LATER.



Nikhil kr
1.0 out of 5 stars A Book full of conspiracy theories and financial terms.
Reviewed in India on 16 October 2020

The reality was Ms. Dalal had no proof and the verbal confirmations were only
given by sources which were driven by Rivals of Harshad Mehta. The SBI agent who
reached Ms Dalal and Mr basu never met them more than once, he first appeared on
Ms. Dalals desk and he then vanished from the company,many people say he might
have been dead but here's thing what if there wasn't anyone like that and it was
just some random person with inside information given by Rivals of Mehta. No
doubt Harshad Mehta was a rude and shrewd man but that is how the share market
compitition makes changes in a normal person. Money Market people are more
ruthless and were even involved in illegal matters with foreginers.

Yes, Mehta was doing a work which was not legal but "not legal" doesn't mean
illegal. Govt. Failed at that time to employee people in general like today,
there was a question that how someone can make so much money in a country when
there is no employment in that very country and do we even have to talk about
Narshimha Rao whoes own people agreed that they won elections because of
funding.
Just one Question - Why was Ms. Dalal was given Padma Shri and Mr Basu wasn't
even offered anything and yet he is the main author of this book or Ms Dalal was
promised by something like an award by the government and randomly at that time
TOI was Pro government ?

See I am no expert but understand this, the world is full of competition and
struggle makes us hungry for opportunity. Same has happened with Ms Dalal.

Read more
265 people found this helpful
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seaden
5.0 out of 5 stars Must read
Reviewed in India on 20 October 2020
Verified Purchase
The best book without a doubt written on the securities scam. The dept and
details of the scam which the book explores is truly fascinating.

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38 people found this helpful
Helpful
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Nithin Shenoy
5.0 out of 5 stars Brilliant book for anyone who wants to know how the ...
Reviewed in India on 1 May 2018
Verified Purchase
Brilliant book for anyone who wants to know how the Securities Scam happened in
1992/2001. Its written crisply with lot of details and anecdotes. Excellent read
for students and followers of Financial and Stock Markets.

Read more
45 people found this helpful
Helpful
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Dilip Vyas
5.0 out of 5 stars Excellent book
Reviewed in India on 30 November 2020
Verified Purchase
Book that explains the scam in very lucid manner and all the terminologies of
finance
Very creative journalism which shook the financial world and govt in 1992

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5 people found this helpful
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mannavan
5.0 out of 5 stars Nice book
Reviewed in India on 31 March 2019
Verified Purchase
Waiting for a long tym in print..got t finally

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15 people found this helpful
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Swati Shanbhag
5.0 out of 5 stars Must Read
Reviewed in India on 11 January 2021
Verified Purchase
Loved reading the book. Saw the famous series on it before reading.👍

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5 people found this helpful
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Rajan B.
5.0 out of 5 stars Very Good Read
Reviewed in India on 22 November 2020
Verified Purchase
Worth the price Paid

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5 people found this helpful
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BAP
5.0 out of 5 stars A good read
Reviewed in India on 26 October 2020
Verified Purchase
Worth a read to know what happened back then ....
Something all first timers to the case should be made to read .

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TOP REVIEWS FROM OTHER COUNTRIES

Malleus Maleficarum
4.0 out of 5 stars Dense but an engaging - and first hand - account of the
securities scam of the 90s
Reviewed in the United States on 11 September 2014
Verified Purchase
Sucheta Dalal will always have her place in India's journalistic pantheon
assured being the reporter who broke the securities scam and exposed the
malpractices in India's financial sector that were rampant in the frontier days
when the economy was being liberalized. This book is a detailed explanation of
the machinations behind the scam, going far deeper than the newspaper columns
and naming names and laying bare the personalities that took advantage of the
system - the system itself being so far from perfect that it actively promoted
malfeasance. This is a story of personalities - and that's really good because
in the public mind, this scam was reduced to one man, Harshad Mehta but as the
authors conclusively show, Harshad was just one of (though probably the most
successful) of financial market operators who made money through illegal routing
of money. At the core of the scam, though the detailed explanation is quite
dense, is the simple fact that the scam involved routing funds from the money
markets and public sector companies (inter-bank transactions, PSU cash deposits)
into the accounts of brokers who then used these funds to invest in the stock
market and take the index to dizzying heights. The bull run of 1990-91 was
achieved more by injecting funds from these avenues into the stock market and
the practice was widespread - Harshad used the funds of SBI Bank, Citibank and
other foreign banks used money from portfolios of PSU clients, NBFCs like
Canfina got funds from non-descript cooperative and small banks - the entire
saga is a sorry tale of collusion between banks and brokers to subvert the
stifling controls which made profitable banking near impossible.
No one comes out well in this story - Harshad has been pilloried and he died a
man with a sullied reputation, but as the authors show, the complicity of many
other players was far greater than the final punishments they endured. The
Reserve Bank of India comes across as a slothful, bureaucratic organization
which repeatedly ignored warnings from internal reports and didn't take action
till it was too late, SBI and the other Indian banks are rightly castigated for
having loose control systems that ended up serving the interests of their
brokers rather than their deposit holders - but it's clear that the authors have
the greatest condemnation and contempt for the foreign banks and in particular
Citibank. Citibank was perhaps the dirtiest player in the market and when
caught, they tried to brazen it out rather than take the blame. Their
high-flying executives in India - who later became household names in other
fields - like Jerry Rao, Aditya Puri, AS Thiyagarajan epitomized the 'ugly
American' approach to banking - perhaps the fact that they were Indians with the
backing of a foreign name emboldened them to undertake brazen and sneaky
underhanded practices flouting all international norms of banking operations.
The denouement of this tale is hardly redemptive either - while the Indian
financial markets have undoubtedly been cleaned up in the past 20 years, the
scam and the investigations that followed did not yield the widespread
structural reforms that were required -the inquiry reports of various
commissions were buried under voluntary and involuntary apathy (politicians were
most likely involved in the scam at multiple points) and the Ketan Parekh scam
that happened a decade later testified to the fact that there were still enough
kinks in the system for unscrupulous operators to make profits. 10 years after
the KP scam, the markets are cleaner still but it would be a brave man who would
bet against future stock market scams.
As a final note, this book is a very comprehensive and detailed investigation
into the scam and is probably the best resource for understanding how the many
threads and entities in the financial space were tied together to make the scam
happen. However, for people without at least a rudimentary understanding of
banking and financial market operations, it might be difficult to follow the
details of what happened - you'd definitely need to understand repo deals, bonds
and other money market terms before diving into this book. An overview section
explaining these terms would have been much appreciated for the lay reader.
Also, this book focuses exclusively on the scam, periodically dipping into
certain incidents in the 1980s to provide context, whereas I believe that the
genesis of this scam were in the extremely stifling regulations that the banking
system was operating under and a chapter or two tracing the evolution of the
banking sector in the 1970s and 1980s would have provided insights into the
behaviour and motivation of different players that finally led to the scam.

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Amazon Customer
1.0 out of 5 stars Anyone can publish a book
Reviewed in the United States on 30 September 2021
Verified Purchase
This is a ridiculous thing to read, what you will find on public domains are
clubbed together and spiced up some more to make it enticing (a miserable job
doing that). Please spend your money on something readable and useful.

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Amazon Customer
1.0 out of 5 stars What is going on ?
Reviewed in the United States on 9 November 2020
Verified Purchase
The book is presented as a collection of facts and there is no connection
between the dots to understand the context of what is happening. I wouldn’t
recommend it to anyone who is not from a financial background.

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