If the Americans are looking for equivalents Madoff scandal all they need to do is read RK Narain’s novel – THE FINANCIAL WIZARD.
The kind of influence Late BM Gopal Rao must have been wielding during his day could only be guessed from the fact his victims included HH Shri Jayachamarajendra Wodeyar (the Maharajah of Mysore) and Nobel laureate late Sir CV Raman. When asked by a scribe how he too fell for it Sir CV Raman quipped, “He is the one who really deserves the Nobel Prize!”
His office was located in Asiatic Building -presently occupied by Janatha Bazaar on Kempegowda Road, Bangalore- undoubtedly occupies the pristine position as father of all chain businesses in India. His victims included RK Narain wrote the novel FINANCIAL WIZARD on the life of BM Gopala Rao who is the pioneer and rightly deserves to be called the father of ‘chain businesses’.
