The Target (Gujarati)

In his latest best-seller, The Target, investigative journalist Shantanu Guha Ray documents how institutional, political & bureaucratic countervailing annihilated a revered Fintech & Exchange pioneer, Jignesh Shah, forcibly ousting him from the Exchange space. The Target chronicles the entrepreneurial journey of one of India’s finest innovators, Jignesh Shah, the man who challenged the monopolistic status quo of the Exchange Markets for bringing last mile connectivity to rural India, but ended up paying the price for it as a result of a conspiracy hatched by the political-bureaucratic nexus in the then UPA-2 government. In their zeal to guard the monopoly of a rival Exchange, these conspirators destroyed an entire ecosystem created by Jignesh Shah that included ten new-gen multi-asset financial Exchanges across India, Singapore, Dubai & Africa in as many years, making it the best-ever example of “Made in India” much before the introduction of ‘Make in India’ initiative. Very few innovators can match such a remarkable feat. But what was his reward? A betrayal of epic proportions! For its own vested interests, the politico-bureaucratic nexus opposed Jignesh Shah’s efforts to democratise the markets. What ensued was a whirlwind of corporate, bureaucratic and political cabal that saw Jignesh Shah being arrested multiple times by different investigative agencies on grounds not proven, till date. Each time, the courts bailed him out saying there was no evidence of any wrongdoing against him. Although voices against defaulters and brokers slowly gathered momentum, FTIL and Jignesh Shah continue to bleed as a result of this well thought-out conspiracy to destroy his empire. Guha lays down bare facts with meticulous precision, sidestepping showboating and glorification. And that makes The Target one of the most penetrating studies of form and facts in recent times, flying in the face of power politics and institutional injustice.

THE TARGET reveals WHO all did it and HOW…