Expunge the exchanges of politics

A whistleblower letter quoting a big sum and some big names is floating around

For decades, the stock exchange was largely an entity of the brokers, by the brokers, and for the brokers. Whoever got in entered at his own peril and would consider himself lucky if he came off with his shirts still on his shoulders.

All this changed after the Harshad Mehta scam of the early 1990s. The country realised the need for market regulation and recognised the necessity of market infrastructure institutions such as exchanges to be managed professionally. Technology enabled the elimination of conflict of interest between the trader and the platform.

A handful of professionals formed the nucleus of