The Target — an explosive account of bureaucrat-politician-regulator conspiracy

The Target Book
Jul 10, 2017 · 2 min read

This compelling work provides gripping details of a payment crisis in 2013 that struck the National Spot Exchange Ltd (NSEL), one of the subsidiaries of Jignesh Shah’s flagship company, 63 moons technologies limited, then known as FTIL. The expose is full of details that a few higher-ups from the country’s top bureaucracy and political echelons would perhaps not want you to know in the first place.

Jignesh Shah, once known as the Czar of Indian Exchange market, has paid a heavy price for his trailblazing achievements in the Exchange markets. The last chapter of The Target clearly shows the tormenting times he has undergone at the hands of probe agencies despite cooperating with them all along.

No doubt, the book is entertainingly presented, though thoroughly researched and meticulously documented it does leave you with some disturbing thoughts;

· If the investigative agencies want to get to the bottom of the case, why aren’t they questioning the defaulters who are sitting pretty with the entire default money?

· Why are the probe agencies targeting only Jignesh Shah and his FTIL Group?Why isn’t the resolution of the NSEL crisis, like all crises in the financial markets in the past, being treated as top priority?

Written by

In The Target book, seasoned journalist Shantanu Guha Ray meticulously probes the motives of those who shunted Jignesh Shah out of Exchange businesses.

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