gfiles magazine

January 20, 2014

INSIGHT | Shah of good & bad times

nsel scam
Shah of good & bad times
Some people are born with a silver spoon; others achieve heights by their deeds. Born in a mediocre family, Jignesh Shah rose to the very top as the uncrowned czar of the world of finance. But after a quick and phenomenal rise, the bubble burst and his empire came crashing down—all within a span of 10 years. It is too early to say whether he will be remembered for his magical success or equally astonishing collapse.
By Neeraj Mahajan
IF Rahul Gandhi is to be believed, the role of the government is to maintain the rule of law, book the guilty and ensure equality before law. But when a petty criminal is caught stealing a loaf of bread, he is beaten black and blue and locked up in jail before being given a chance to explain, whereas Jignesh Shah is getting preferential treatment. This is one of those rare cases where the government is trying to recover money and intimidate others on behalf of the kingpin.....
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