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NSEL scam: Investors want action against brokers, defaulters

Last Updated: Saturday, August 02, 2014, 22:46

A year after the Rs 5,600-crore scam at National Spot Exchange (NSEL) came to light, aggrieved investors who are yet to get their money back, today demanded action against top brokers of the crippled bourse, arrest of all top defaulters and a Special Court for faster recovery.

Jignesh Shah was aware of happenings at NSEL: EOW

Last Updated: Friday, June 06, 2014, 20:00

In what could be a turning point in chairman of Financial Technologies Jignesh Shah's fate, sources have said that he has given a partial confession to the Economic Offences Wing (EOW) of Mumbai.

Enforcement Directorate arrests CEO in NSEL case

Last Updated: Saturday, March 08, 2014, 14:06

Official sources said Gagan Suri, CEO of Yathuri Associates, was arrested by ED sleuths in Mumbai after they found that his role in the scam needs to be probed.

58 Emu birds auctioned

Last Updated: Saturday, March 01, 2014, 01:12

A total of 58 Australian emu birds, bought by investors from a bogus firm which promised them high returns, were auctioned here Friday by officials.

SBI graft case: Court extends CBI custody of Kumarah

Last Updated: Wednesday, November 27, 2013, 20:44

A special CBI court here Wednesday extended the CBI custody of former Assistant General Manager of State Bank of India (SBI), K K Kumarah till November 30 in an alleged graft case.

NSEL scam: Mumbai police attach 100 properties of defaulters

Last Updated: Wednesday, November 13, 2013, 21:22

Mumbai Police, which is probing the Rs 5,600 crore payout scam involving the National Spot Exchange Ltd, has attached 100 of the 166 properties of the defaulters it has identified so far besides seven flats of the exchange's former top officials who were arrested in the case.

CBI might close NSEL probe to avoid multiplicity of agencies

Last Updated: Thursday, October 10, 2013, 18:17

CBI might close its inquiry into alleged irregularities and duping of customers by the National Spot Exchange Limited, which is facing a Rs 5,600-crore payment crisis, to avoid multiplicity of investigations.

Jignesh Shah , Joseph Massey grilled by EOW for threee hours

Last Updated: Wednesday, October 09, 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 09, 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 08, 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.

EOW finds half of NSEL warehouses empty

Last Updated: Friday, October 04, 2013, 19:52

In a startling development, the Economic Offences Wing (EOW) of Mumbai police, probing the Rs 5,600-crore payment crisis at the NSEL, has found half of the warehouses it raided empty, while four storage building of commodities existed only on paper, a police official said.

NSEL payment crisis: Lookout notice issued against Jignesh Shah

Last Updated: Friday, October 04, 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.