Economic Offence Wing

Customs duty offender deported from Gulf, brought to Mumbai

A wanted customs duty offender was deported and brought here on Thursday after a Gulf country executed an Interpol Red Corner Notice issued by the CBI at the instance of Economic Offence Wing.

Aug 06, 2015, 23:13 PM IST

Three smugglers held with 5.37 quintal ganja in Patna

The Economic Offence Wing (EOW) has seized 5.37 quintals of ganja from a truck and arrested three persons from NH-30 on Patna-Fatuha Road in Bihar`s Patna district, an official said today.

May 03, 2014, 11:36 AM IST

NSEL scam: Former CEO Sinha among five named in charge sheet

The other four named in the charge sheet are Amit Mukherjee, former NSEL vice-president (Business Development); Jay Bahukhundi, another ex-assistant vice-president; Nilesh Patel, managing director of NK Proteins Ltd; and Arun Sharma, Lotus Refineries' CMD and a film financier.

Jan 06, 2014, 22:16 PM IST

NSEL crisis: RBI says no promoter should control any exchange

"The (NSEL) episode has emphasised the need for ensuring that no single shareholder or a group of shareholders is permitted to dominate the functioning of the exchange or exercise management control," the RBI said in its half-yearly Financial Stability Report released today.

Dec 30, 2013, 16:21 PM IST

NSEL defaults 18th time; pays Rs 11.5 cr against Rs 174.72 cr

With today's pay-out, NSEL has so far settled about Rs 263.50 crore against about Rs 5,600 crore dues to 13,000 investors.

Dec 17, 2013, 21:59 PM IST

NSEL scam: Mumbai police attach assets of defaulters

Police suspect equal role of brokers in the scam as many of them have sold NSEL commodities despite having knowledge of the fraudulent practices in the spot exchange.

Dec 08, 2013, 11:40 AM IST

ED attaches Rs 75 cr assets in NSEL scam case

They are one of the largest borrowers in the businesses of this exchange, sources said.

Dec 01, 2013, 18:23 PM IST

Ministry probe finds corporate governance lapses at NSEL

Spot commodity exchange NSEL, part of Jignesh Shah-led Financial Technologies Group, is grappling with a Rs 5,600 crore payment crisis after it suspended trade on July 31 on government direction.

Nov 29, 2013, 23:44 PM IST

NSEL crisis: Forensic auditor for e-series contracts appointed

Choksey & Choksey has been appointed forensic auditor for e-series contracts and it has started its work, the National Spot Exchange Ltd said in a release here today.

Nov 26, 2013, 00:17 AM IST

NSEL crisis: EOW arrests Lotus Refineries chief Arun Sharma

Interestingly, Sharma had earlier lodged a case against NSEL seeking Rs 2,500 crore from the exchange, while NSEL claimed the company owed Lotus Refineries Rs 250 crore.

Nov 12, 2013, 00:00 AM IST

NSEL Scam: Police start attachment of borrowers' properties

The Mumbai Police, probing the Rs 5,600-crore scam at the National Spot Exchange, Thursday initiated the process of attaching about 25 immovable assets of the borrowers and has shortlisted nearly 100 properties of all the accused in the case, a senior police official said.

Nov 07, 2013, 22:50 PM IST

EOW arrests NSEL vice-president Amit Mukherjee

In the first arrest in the more than two-months old case, Amit Mukherjee, vice-president at NSEL's business development department, was called for questioning and subsequently placed under arrest for his role in the scam.

Oct 09, 2013, 19:51 PM IST

ED seeks details of NSEL scam from Mumbai police

Suspecting large-scale money laundering in NSEL's Rs 5,600 crore payout scam, Enforcement Directorate (ED) has sought details of the case from Mumbai Police, indicating that the central agency would also initiate a probe into it soon, a police official said Wednesday.

Oct 09, 2013, 18:35 PM IST

EOW chalks out strategy in NSEL issue

The Economic offence wing of Mumbai police has chalked out strategy for NSEL payment scam. EOW is going to bet on the some of the former employees of the fraudulent companies.

Oct 09, 2013, 15:04 PM IST

EOW chalks out strategy in NSEL issue

The Economic offence wing of Mumbai police has chalked out strategy for NSEL payment scam.

Oct 09, 2013, 00:29 AM IST

NSEL investors lodge complaint with EOW against promoters

In a significant development in the National Spot Exchange Ltd affair, 58 investors and 17 brokers/members of the exchange have filed a complaint with the Economic Offence Wing of the Mumbai Police against the defaulters and the exchange promoters.

Sep 18, 2013, 23:26 PM IST

Chit fund scam: Odisha Police arrests 2 Saradha group employees

Economic Offence Wing (EOW) of the Crime Branch (CB), arrested two employees of Saradha Group on Thursday.

May 17, 2013, 00:24 AM IST