Siraj’s most serious error was to alienate the great bankers of Bengal, the Jagat Seths. The Seths’ machinations had brought Aliverdi to power, and anyone who wanted to operate in the region did well to cultivate their favour; but Siraj did the opposite to the two men of the family who were now in charge of the banking house, Mahtab Rai, the current holder of the title Jagat Seth, and Swaroop Chand, his first cousin, who had been accorded the title ‘Maharaja’ by Aliverdi Khan.
