  Recent experiments on inelastic light scattering in a number of insulating
cuprates [1] revealed a new excitation appearing in the case of crossed
polarizations just below the optical absorption threshold. This observation
suggests that there exists a local exciton-like state with an odd parity with
respect to a spatial reflection. We present the theory of high energy large
shift Raman scattering in Mott insulators and interpret the experiment [1] as
an evidence of a chiral bound state of a hole and a doubly occupied site with a
topological magnetic excitation. A formation of these composites is a crucial
feature of various topological mechanisms of superconductivity. We show that
inelastic light scattering provides an instrument for direct measurements of a
local chirality and anomalous terms in the electronic current algebra.
