)
The Economic Offences Wing (EOW) of the Mumbai police probing the National Spot Exchange Limited (NSEL) case is set to arrest more, said Joint Commissioner Himanshu Roy on Wednesday. He said the police will continue to seize more assets.
“We are determined to take this case to its logical conclusion.”
Roy said the EOW was considering liquidating the assets and disbursing the money on a pro rata basis even before the charge sheet was filed. Under normal circumstances, liquidation takes place only once the charge sheet has been filed.
“Today, I met a large number of investors and had a fair and frank exchange of views. We have seized assets worth Rs 2,600 (properties) and the market value of these properties can be much higher,” added Roy.
Meanwhile, EOW has also informed Securities Exchange Board of India (SEBI) that Jignesh Shah, chairman of Financial Technologies and other directors shares have been attached by them.
Meanwhile, MMTC which has invested Rs.228 crore in the NSEL products has filed a case against NSEL to recover that and has asked the Bombay High Court to attach all of Jignesh Shah's assets. MMTC has also asked to pierce FTIL's corporate veil.
“We are determined to take this case to its logical conclusion.”
Roy said the EOW was considering liquidating the assets and disbursing the money on a pro rata basis even before the charge sheet was filed. Under normal circumstances, liquidation takes place only once the charge sheet has been filed.
“Today, I met a large number of investors and had a fair and frank exchange of views. We have seized assets worth Rs 2,600 (properties) and the market value of these properties can be much higher,” added Roy.
Meanwhile, EOW has also informed Securities Exchange Board of India (SEBI) that Jignesh Shah, chairman of Financial Technologies and other directors shares have been attached by them.
Meanwhile, MMTC which has invested Rs.228 crore in the NSEL products has filed a case against NSEL to recover that and has asked the Bombay High Court to attach all of Jignesh Shah's assets. MMTC has also asked to pierce FTIL's corporate veil.
