This is the extraordinary story of two scams, separated like identical twins by 9 years. In 1992, it was Harshad Mehta. In 2001, Ketan Parekh. In the scam of 1992 Indian banks, businessmen, brokers, foreign banks, mutual funds and politicians colluded to create a false bull market that ended in a meltdown.In a remarkable repetation of history, another set of banks, brokers, companies and foreign investors were involved in Scam 2001. Exactly as in the first, in the second scam too a self-important parliamentary committee ordered mountains of document and called scores of witnesses to find a molehill. As in the first, several banks collapsed in the second scam too, as RBI was found napping.