(L-R) Manish Purohit (Director, AuthorsUpFront), Shantanu Guha Ray (Author), Anoop Bose (Eminent Lawyer), Suhel Seth (Columnist, author and social commentator) at the launch of the book, The Target, took place at Alliance Francaise De Delhi. The book is on financial wizard Jignesh Shah. If things had gone Jignesh Shah’s way, he would have been the Czar of Exchanges, a sterling exponent of Prime Minister Narendra Modi’s ‘Make in India’ programme. Shah pioneered creation of 10 new-generation regulated multi asset (equity, commodity, currency, bond & electricity) financial markets just in 10 years across India, Singapore, Dubai, & Africa.

No innovator has been credited with such accomplishments across the world. All the markets were No. 1 in India and No. 2 in the world. He was riding a crest from which very few could have toppled him by way of talent and performance. But he had taken on institutional forces like the National Stock Exchange (NSE) and invisible forces that backed NSE including its political godfather, corporates with vested interest, rich and powerful brokers and FII fronts—known as the famed Malabar Hill Club—by sheer performance to democratize the market prosperity to masses. First, the Spot Exchange crisis was created and then it was used by this very Club that ganged up with inuential politicians and bureaucrats in Lutyen’s Delhi to get Shah arrested in May 2014 on charges that have not yet been proved in Court