In Murshidabad, during the time of Nawab Siraj-ud-Daula, there used to be a Jagat Seth, his name was Fateh Chand, he was a Marwari.
He was the richest person in the world during his time, he used to do loan business on Hundi and usury, his business was spread all over North India, Raja Maharaja Nawab used to take loans from him, East India Company also used his money to expand India's business. He had established himself in India and also gave loans to the East India Company.
How much wealth he had cannot be estimated; the British themselves said that his wealth was more than the total GDP of Britain.
Later, politics took over him, Nawab Siraj-ud-Daula made him the Diwan (Finance Minister) of Bengal, but he along with Mir Jafar committed betrayal and defeated Nawab Siraj-ud-Daula in the battle of Plassey, then after getting Mir Jafar murdered, his son-in-law Mir Made Qasim the Nawab and then got Mir Qasim also murdered along with his children.
Initially, the British kept watching when Jagat Seth's politics started increasing, then they withdrew their hands and made him dependent on money. There came a time when his children continued to live on the pension of the British government and finally in the year 1912, that pension was also stopped. was given.
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