Shantanu Guha Ray has accused the finance ministry of the UPA government for conspiring Jignesh Shah’s downfall

Even as the name Jignesh Shah continues to remain tainted with the NSEL (National Spot Exchange Ltd) scam of 2013, investigative journalist-turned-author Shantanu Guha Ray’s new book, The Target, takes on the task of telling the untold side of it all. The premise of the book, as the author candidly states, is “the fact that Jignesh Shah was grievously wronged”. Shah, the then chairman of Financial Technologies India Ltd (FTIL), NSEL’s parent company, was jailed for having defaulted nearly 13,000 so-called investors of a total sum of R5,600 crore. While the charges against him are yet to be proven in court, Ray, in his book has attempted to probe the motives of those who, according to him, drove Shah out of the exchange business.