Arrest Jignesh Shah, other accused: NSEL investors to Mumbai Police
- Winter session Day 1: Govt talks about misuse of word 'secularism', Sonia raises 'intolerance' debate
- Sheena murder: CBI seeks Interpol help, Peter Mukerjea's custody extended till Nov 30
- PPCC chief Bajwa and Jakhar made to resign as rejig in Punjab Congress imminent
- Constitution Day: The many reasons why the BJP decided to celebrate it
- India-Pakistan series to be played from December 15 in Sri Lanka: Rajiv Shukla
Over 200 aggrieved investors of the beleaguered National Spot Exchange Ltd (NSEL) demanded here today that the Mumbai Police arrest Jignesh Shah and other key accused, besides speeding up recovery from borrowers and defaulters within a stipulated time period.
Members of the NSEL Investors' Forum, a representative body of around 13,000 aggrieved investors of the scam-hit spot exchange, met Mumbai police Crime Branch chief Himanshu Roy at the police headquarters in South Mumbai, who assured them of speedy progress in the case and liquidation of assets, so that the investors could get their money back.
"Many investors are satisfied with the probe so far. You people could see more action in the next few days," Roy said.
The IPS officer appealed to investors to ignore any rumours and said that 80 per cent of the money in the Rs 5,600 crore scam had been recovered after attaching properties of the accused and they are in the safe custody of the concerned court.
Jignesh Shah and other promoters will be soon called for questioning in connection with the case, another police officer said.
Yesterday, the Mumbai police filed a 9,100-page chargesheet against the five arrested accused, including the spot exchange's former CEO Anjani Sinha.
Four others named in the chargesheet are Amit Mukherjee, former NSEL Vice-President (Business Development); Jay Bahukhundi, another ex-assistant vice-president; Nilesh Patel, managing director of NK Proteins Ltd; as well as Arun Sharma, Lotus Refineries' CMD, who is also a film financier.
The FIR was lodged on September 30 by the Economic Offences Wing (EOW) against NSEL directors Shah, Massey and others, charging them with cheating, forgery, breach of trust and criminal conspiracy, among other offences.
The spot commodity bourse, promoted by the Shah-led Financial Technologies (India) (FTIL), has been facing problems in settling Rs 5,600 crore dues of over 200 member brokers, representing 13,000 investor clients.
- Why every patriot should be worried, and, yes, ashamed
- Douglass North emphasised institutions when markets were the focus
- ‘Bovine Divine’ controversy lurched between the horrific and the comic
- PM Modi’s achievements abroad appear to cut little ice back home
- Post 13/11 sloganeering at Antalya and Kuala Lumpur won’t be enough
- Can Parliament be insulated from the vagaries of the political climate?