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The arrest of Jignesh Shah in the National Spot Exchange scam will make it even more difficult for investors to recover their money.
  Jignesh Shah often claimed the late Dhirubhai Ambani as his role model. But while Ambani founded what is now India's biggest private-sector company by revenue, Reliance Industries, Shah is now watching his business empire crumbling before his eyes.

Shah, Founder of Financial Technologies (FT) group, was arrested on May 7 in connection with the Rs 5,600 crore payment scam at group company National Spot Exchange Ltd (NSEL). The Mumbai police's Economic Offences Wing (EOW) also arrested Shreekant Javalgekar, former managing director and CEO of Multi Commodities Exchange (MCX), which is also part of the FT group that provides financial software for trading terminals, along with Shah.