Book Releases
The Founding Fathers of Fraud: Independent India’s First Scandals that Rocked the Nation | The True Crime Account of the Dalmia and Mundhra Scams – Bhaswar Mukherjee, PGP 1988
About the Book
Dalmia – the patriarch of one of the biggest conglomerates, once ranked third after the Tatas and the Birlas – is accused of financial misconduct, manipulation of joint-stock companies and tax evasion.
Mundhra – a corporate raider! Plain and simple. He dealt in publicly listed shares and created a dangerous Ponzi scheme.
Despite the stark differences, their crimes undeniably changed the course of the Indian business landscape.
How were their crimes linked to the nationalization of India’s insurance business under the Life Insurance Corporation? What role did the then Prime Minister Jawaharlal Nehru’s son-in-law Feroze Gandhi play in the two exposés? Why was Dalmia singled out by the Nehru government?
A definitive account of Independent India’s first known corporate scams, The Founding Fathers of Fraud details the scams committed by Ramkrishna Dalmia and Haridas Mundhra.
About the Author
An IIM Bangalore alumnus, Bhaswar Mukherjee quit the world of finance after eighteen years into the industry. In 2005, he set up his own company, Bridgepoint Solutions Pvt Ltd, which provides consultancy and learning solutions in the banking domain.
Bhaswar calls himself an accidental writer. He has contributed to twelve anthologies, India’s first composite novel (Limca Book of Records entry) and also published his solo anthology in 2020. His short stories have been selected by Sudha Murty and Ravinder Singh for their curated anthologies.
His debut non-fiction, The Counterfeiter: Abdul Karim Telgi and the Stamp Scam (2022), became an Amazon bestseller. His debut fiction Scarred Earth was released in September 2023.
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