Is this the end game for Financial Technologies too ???
i have followed FTIL growth story and the related one of Jignesh Shah very closely ...but to think this will end like this ...
how can someone sitting at the cusp of a virtual revolution , has successfully set up exchanges in India and many countries around the world , let go of it all like this
Through leverage of Technology , Guile & Passion to succeed Jignesh and his team came and conquered the Commodity scene in India and were on way to repeat it in Stocks and then it all unravelled :(
Its a clear out & out fraud , but hard to believe ...such a massive opportunity just about to be laid waste .....
Govt itself or through interested parties will take it all away , as clearly , there is an issue of severe deficiency or even absence of a basic stipulation - Fit & Proper !!
I think it will all end in an acquisition at a stupid rate to an existing institution the Satyam way !!
Reminds me of a famous Warren Buffett Quote
“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you."
The Business Gamut of FTIL ...such a nice spread across the financial channels ..now about to be laid waste ...Source FTIL Website
