I have read Alam Srinivas’ critique of my book and must take the bull by the horn.
As things stand, Jignesh Shah has never been called a fraudster, though he has been maligned, hauled over the coals and even sent to a dreary prison, not once but thrice, without any result. Even the Bombay High Court said no money trail was traced towards him or the Financial Technologies India Limited (FTIL).
Was FTIL a house of tinderbox with its more than 4,500 employees under various subsidiaries valued at Rs. 60,000 crore that drew global acceptance and praise? The answer is a big ‘No’.