Long before former Satyam chairman B Ramalinga Raju admitted to a fraud of gigantic proportions, there was the Indian shipping magnate Dharma Teja who defrauded the Indian government by creating a hollow business empire and living off it. He was jailed for seven years and died soon after his release.
The description of his career by Ambassador Nazareth in his elegant language, judicious choice of details, without ego or malice to anyone, shows that it had its ups and downs, triumphs and tragedies and lucky and unlucky accidents. Ambassador T P Sreenivasan reviews A Ringside Seat to History.
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