Multiple choice

Which Finance Minister resigned after a report on Haridas Mundhra share imbroglio was published in 1958?

  1. GK Iyengar

  2. Ramanand Shastri

  3. TT Krishnamachari

  4. V Padmanabhan
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

TT Krishnamachari resigned as Finance Minister in 1958 after the Mundhra Commission report exposed irregularities in share transactions involving Haridas Mundhra. This scandal involved LIC investments in Mundhra's companies, leading to one of India's first major political financial scandals.

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