 "Brokerages face Sebi fire in NSEL scam")
The Maharashtra Protection of Interest of Depositors (MPID) court on Friday awarded six-day judicial custody to Joseph Massey, the former director of the scam-hit defunct spot commodity trading platform National Spot Exchange Ltd (NSEL) in connection with a Rs 5,600-crore payment default.
Massey has been in police custody since his arrest by the Economic Offences Wing (EOW) of the Mumbai Police on January 27.
The former NSEL director, in the meanwhile, has moved a bail application in the MPID court claiming that he has been fully co-operating with the police in the ongoing investigation. The court is set to start hearing his
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