Jignesh Shah , Joseph Massey grilled by EOW for threee hours

Last Updated: Wednesday, October 9, 2013, 14:59

The economic offences wing Mumbai yesterday grilled Joseph Massey , and Jignesh Shah for around two hours on the 5600 crore NSEL scam.

Jignesh Shah, Joseph Massey grilled by EOW for three hours

Last Updated: Wednesday, October 9, 2013, 00:16

The economic offences wing of Mumbai on Monday grilled Joseph Massey, and Jignesh Shah for around two hours regarding the 5600 crore NSEL scam.

NSEL fraud: Peons, guards were directors at defaulting firms

Last Updated: Tuesday, October 8, 2013, 22:08

At least two of the 27 companies that defaulted in making payments to the beleaguered National Spot Exchange (NSEL) were found to have appointed peons and security guards as "dummy" directors, said an official involved in the probe into Rs 5,600-crore fraud at the bourse.

FMC issues 'fit & proper' notices to FTIL chief & three others

Last Updated: Saturday, October 5, 2013, 19:14

Regulator FMC has issued show cause notices to Jignesh Shah, founder of FTIL, and three other officials following the NSEL payment crisis, asking why they should be considered 'fit and proper' to operate group company Multi Commodity Exchange of India (MCX).

NSEL payment crisis: Lookout notice issued against Jignesh Shah

Last Updated: Friday, October 4, 2013, 18:28

Tightening its noose, the Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs 5,600-crore payment crisis at the National Spot Exchange Limited (NSEL), today issued lookout notices against promoter Jignesh Shah and others named in the case.

EOW claims gathering "crucial evidence" in NSEL probe

Last Updated: Thursday, October 3, 2013, 20:21

As many as 28 warehouses that contained commodities have been sealed, EOW official said.

NSEL probe: EOW summons Shah, Massey, defaulting brokers

Last Updated: Wednesday, October 2, 2013, 19:14

Meanwhile, the raids at the residences and offices of the NSEL top brass, brokers and defaulters continued across the country on the third day today.

NSEL crisis: EOW files FIR against bosses, defaulters; conducts searches

Last Updated: Monday, September 30, 2013, 16:40

The NSEL has been facing problems in settling Rs 5,600 crore dues of 148 members/brokers, representing 13,000 investor-clients, after it suspended trade on July 31 on the government's direction.

NSEL probe: MCA expects financial reports from RoC in few weeks

Last Updated: Monday, September 30, 2013, 15:23

Corporate Affairs Minister Sachin Pilot on Monday said he is expecting financial reports and other details from Registrar of Companies on crisis-ridden NSEL's parent firm FT group and other related entities in few weeks.

Auditors withdraw Financial Tech report due to NSEL crisis

Last Updated: Tuesday, September 24, 2013, 20:32

Auditors have raised serious doubts on accounts of Jignesh Shah-led Financial Technologies India Ltd (FTIL) saying the financial statements for 2012-13 cannot be "relied upon" any "longer" in the wake of payment crisis at the firm's subsidiary, NSEL.

NSEL owes Rs 253 crore to Motilal Oswal group

Last Updated: Tuesday, September 17, 2013, 15:12

Financial services provider, Motilal Oswal, Tuesday said the group has total exposure of Rs 253.92 crore as on date on crisis-ridden National Spot Exchange Ltd (NSEL).

MCA looking at possible violations by NSEL

Last Updated: Thursday, September 5, 2013, 13:17

Corporate Affairs Ministry is looking into whether the crisis-ridden National Spot Exchange violated company laws and is yet to take a final decision on SFIO probe into the matter.