Thread by @sanjoychakra

Fake #Gandhi surname #LICMundhraScam #MundhraScandal
1. Feroze Jehangir Ghandy(pl see the spelling of Gandhy) was a freedom fighter, MP and a journalist. His father’s name was Jehangir Faredoon Ghandy and his mother was Ratimai Ghandy. He was close to Kamala Nehru. When Kamala .2

2. Nehru was suffering from TB, he used to take her to the hospital and look after her. That is how he met Indira and he married Indira Nehru in Mar 1942. On 1 Sep 1956, 245 insurance companies were merged together to establish The Life Insurance Corporation of India (LIC). ..3

3. Haridas Mundra was a stock broker & speculator from Kolkata. He owned large number of shares in six troubled companies-: Richardson Cruddas, Jessops & Company, Smith Stanistreet, Osler Lamps, Agnelo Brothers and British India Corporation. He had good contacts in the Govt ..4.

4. and in 1957, through expert manipulation of Govt source, LIC was persuaded to invest Rs 12.4 million(Rs 12,400,000/-) in buying shares of these companies. LIC’s investment committee was unaware of the transaction, and LIC lost money in this fraudulent transaction...cont..5

5. An extremely rich man, Ram Kishan Dalmia, was imprisoned for defrauding LIC and Haridas Mundra was also arrested. The price of 10g of gold in 1957 was Rs 90.62. As per today’s gold price (Rs 58,500/-), Rs 12.4 million then, equals to Rs 800.4855 crores now. Feroz Gandhi,..6..

6. Son in Law of #Nehru, raised this issue of corruption in Parliament and faced with such a major embarrassment, Nehru had no other option other than calling for & accepting the resignation of the Finance Minister TT Krishnamachari. Readers might recall the Rs 80 lakhs..cont..7

7. (Rs 478.14 crores) #JeepScam of 1948 of the Nehru Govt. Congress is continuing its politics on the crutches of fake Gandhi surname.