It’s 1991. Rajiv Gandhi has been assassinated and PV Narasimha Rao has just been sworn in. Militancy is on the rise in Kashmir. The CBI discovers a mysterious set of diaries while investigating terror financing networks. The trail leads to the Jains, a powerful business family that in turn points to Rs 65 crore being paid to various prominent figures, including politicians and bureaucrats. The tabloid paper Blitz gets the scoop, splashing it on the front page. But the matter quickly dies down. How does the black economy work? What is the hawala system? Why is this scandal being hushed up? References:A list of archival resources used to research this episode can be found here: News clip about Rajiv Gandhi’s assasination: https://youtu.be/3QVODgQQfCs News clip of PV Narasimha Rao’s swearing in ceremony: https://youtu.be/yLuL1lhPwNM News clip of Ram Mandir chants : https://youtu.be/1QBK_FPYA9c Excerpts of Devi Lal, Sharad Yadav, Ram Jethmalani and Vineet Narain from original Kalchakra report: https://www.youtube.com/watch?v=Da9rNEWy0wc&t=4s Doordarshan News clip - https://www.youtube.com/watch?v=vT8BLJujVvU  Reporting from Kashmir -   https://www.youtube.com/watch?v=vb34Ap2muJI&t=401s  Sucheta Dalal interview with Harshad Mehta scam 1992 - https://www.youtube.com/watch?v=gDWuKIhPPug&t=207s  Transcript: https://www.anildivanfoundation.org/episode1 Archive - https://documents.legalarchive.in/static/timeline/#Jain%20Hawala%20Case/AQU Credits:  Host:  Raghu Karnad Guest: Arun Kumar, Sanjay Kapoor, Shantonu Sen, Vineet Narrain Research Manager:  Ramya Boddupalli Legal Researcher: Vipinn Mittaal Scriptwriter: Ramya Boddupalli  Script editor: Bhavya Dore Fact checker: Vipinn Mittaal Advisors: Lawrence Liang, Ranvir Singh, Shyam Divan and Vivek Divan Head of Production: Shaun Fanthome Creative Director: Mae Mariyam Thomas  Producer: Abbas Momin Producer/Sound Editor: Joshua Thomas Production Assistant: Sakshi Nair Sound Design & Mix: Kartik Kulkarni Graphic Designer: Sephin Alexander