DEFEATING DABBA TRADERS
The inside story of how in 2003 Sebi broke the back of powerful lobbies that perpetuated the black economy around hoax trading of shares
The average turnover from dabba trades amounted to ₹2,000 cr daily whereas formal trades were in the ₹4,000 crore-to-₹8,000 crore range Investors seldom complained as they did not have adequate knowledge about the markets or about their right to complain
Byculla, a south Mumbai neighbourhood, is known for its crowded and narrow lanes filled with honking cars fighting for space, its rows and rows of vegetable sellers, delicious streetside non-vegetarian food and its non-descript, medium-sized...
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