Vijay Trimbak Gokhaleis a one-man armywho fights for justiceon behalf of investors
You need experience and knowledge of the other side to understand retail investor issues and conceive a strategy to cut through bureaucracy to find justice. Meet Vijay Trimbak Gokhale: his emails only tell you that he is an investor living in Mumbai’s distant suburb of Dombivli. But this activist-lawyer’s...
The bailout package had no strings attached. It was a missed opportunity for better regulations
Having shifted his unpopular finance minister, prime minister Manmohan Singh played Santa Claus with a ‘stimulus package’ for industry that was preceded by another rate cut by the Reserve Bank of India as well as a steep fuel price cut. Stock prices rallied significantly then, partly in line with a...
Denials have been used as a political strategy
It was May 1992, a few weeks after I broke what came to be known as the Harshad Mehta scam. The scam was actually a creation of fake securities (bankers’ receipts and units of Unit Trust of India) by almost the entire banking sector. My report put the securities scam at around Rs5,000 crore (a stupendous figure 16 years ago) and was front-paged...
