Today, I finished watching a documentary series on Subroto Roy Sahara, who ran possibly the world's biggest Ponzi scheme for decades. The film was very mediocre and the extent of their research was interviewing journalists who had covered the case when it broke out a few years ago. but the film took me back six years, when I was working for The Wall Street Journal/Dow Jones Newswires. I was assigned the story and relieved of my regular beat because the WSj deputy bureau chief took a shine to me.
The story took me to many places I would never have visited otherwise. Lucknow, Gorakhpur, Dhubri, Silliguri, villages in Rae Bareilly, apart from New Delhi and Kolkata. In hindsight, it was fun but at the time I remember feeling like I was completely out of my depth. Subroto Roy was no garden-variety rogue. Rumour had it he was a benaami for some of India's biggest political leaders--he held and invested ill-gotten funds on their behalf. By then, it was obvious to me that I wasn't a newshound. My core competency in journalism was my writing skills and my intelligence. i had no talent for ferreting out news, especially in a place like India. where the standard of streetsmartness is very high.
No one broke any big stories about Subroto Roy except for a exceptionally well-connected banking reporter whic had extensive contacts within the central bank. Among India's rogue billionaires, Soubroto Roy is the most enigmatic. No one has a convincing explanation for the source of his wealth. I just wish I had set my expectations lower and treated the assignment as a holiday. But, I was too conscientious.