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Jignesh Shah and Shreekant Javalgekar bail plea hearing has been adjourned till tomorrow and the argument will continue. Today, the public prosecutor said that there is no direct evidence against Shah and Javalgekar. Public prosecutor has made such a statement for the first time which defense council requested court to take the statement on record.
Last week official from economic offense wing investigating NSEL case had said that during the police custody of duo, they have found some information which would lead to a conclusion towards shah’s involvement in the case. NSEL had defaulted in last July to the tune of Rs 5574 crore.
Shah and Javalgekar, were arrested by the Economic Offences Wing of the Mumbai Police on 7 May in connection with the Rs 5,600 crore NSEL scam. Earlier court had ordered shah and Javalgekar to remain in judicial custody till 13 June.
