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| House of Jagat Seth, Murshidabad, W. Bengal .anandabazar.com |
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| .House of Jagat Seth, Murshidabad, W. Bengal. youtube.com |
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| Kathola House , Murshidabad shutterstock.com |
Above image: Kathola palace, Murshidabad, West bengal, once the residence of the richest Seth family in the world. They were bankers to the world and colonies.........
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| Kathola house, Muslimabad, WB.indiatimes.com |
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| 18th CE richest man Jagat seth .anandabazar.com |
After Manik Chand death, in 1714, his nephew and adopted son Fateh Chand grew in stature and influence, the English company, headed by Robert Clive had business dealings with him in the trading of precious metal.
The Hindu Merchant family was the wealthiest in the Mogul period and wielded tremendous influence, accoording to Robert Orme. Almost on par with the Bank of England, there were no government operations without the Seth family involve ment and it included revenue collection, minting coins and dealing with foreign money. Believed to be with assets worth of one trillion USD (roughly equal to Rs,8,31,24,15.00,00,000) the British print media claimed their cash reserve was more than that of all English banks put together. assets were
quotesgem.com
When in 1744 Mahtab Chand took over the reign of the family business he and his cousin Swarup Chand had close rapport with Nawab Alivardi Khan. After him when Siraj-ud-Daulah became the ruler, political scenario had changed. Being recalcitrant and not cooperative with the English Co, he got a bad rap. His relationship with his relatives and some Amirs in the court became soured. The situation and survival instinct forced the Seth family and other nobles/ Amirs to conspire with the English to topple ruler Siraj.
The Seths' wealth had begun to slide further downhill with the loss of rights over vast territory and the hefty loans to the English Co. The company took advantage of their predicament and never returned the loan leaving the family's financial position in disarray.
By 1900s like the morning dew, the Seths' wealth vanished into thin air like those of the Mogul rulers and affluent Maharajahs across the subcontinent with the rise of British Empire and the Raj to the dizzy height.
But after 1940s with the freedom of India in 1947, the British Empire started disintegrating due to oppressive policies accelerated by arrogant and racist leaders like Churchill,
About Kathola palace, once the residence of the richest Seth family, has only the traces of history and not their wealth. It is now a Museum, close to Murshidabad town, West Bengal. As long as the five elements of the earth are in force like air, fire, sky, water and earth, so long earthlings won't escape from the transient nature of the universe. That ''what is today may not be yours tomorrow in the case of rich families and rich nations. 'Falling from grace to disgrace is very bad . What had happened to the past colonies, is a remainder to the present politicians who dally in political power and pelf and are not concerned about the people's welfare.
https://www.navrangindia.in/2020/09/jagat-seth-banker-to-nawabs-and-english.html
https://en.wikipedia.org/wiki/Jagat_Seth_family
http://timesofindia.indiatimes.com/articleshow/102916190.cms?
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