Jignesh Shah arrested once again
DSIJ Intelligence / 21 Sep 2016
Jignesh Shah the promoter of Financial Technologies India Ltd (FTIL) and commodity exchange MCX, on September 20 was arrested by Chief Bureau of Investigation(CBI), on the matter pertaining to case of alleged cheating and suppression of facts in getting SEBI extension to MCX stock exchange.
Jignesh Shah the promoter of Financial Technologies India Ltd (FTIL) and commodity exchange MCX, on September 20 was arrested by Chief Bureau of Investigation(CBI), on the matter pertaining to case of alleged cheating and suppression of facts in getting SEBI extension to MCX stock exchange.
CBI also conducted searches at nine places in Mumbai, including Shah’s office and residence, the headquarters of FTIL and the Multi Commodity Exchange of India Ltd.(MCX), and homes of four officials with the Securities and Exchange Board of India (SEBI).
This is the third time that Shah has been arrested by enforcement agencies. He was arrested by the Economic Offences Wing of the Mumbai police in May 2014 and granted bail by Bombay High Court three months later in connection with the Rs 5,574-crore National Spot Exchange Ltd (NSEL) payments scam.
On July 12, he was arrested by the Enforcement Directorate (ED) on charges of money laundering and for allegedly not cooperating with their NSEL-related investigations. The arrest by the CBI this time around is for the alleged irregularities in granting a license to Multi Commodity Exchange (MCX-SX).
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.