Jignesh Shah

NSEL scam: Govt orders SFIO probe against FTIL, 18 associate companies

NSEL scam: Govt orders SFIO probe against FTIL, 18 associate companies

In mounting troubles for Jignesh Shah-led Financial Technologies, the government has directed SFIO to probe the company and its 18 associates with respect to alleged irregularities in the nearly Rs 5,600-crore scam at NSEL.

Nov 01, 2016, 19:17 PM IST
ED attaches FTIL's mutual funds worth Rs 307 cr

ED attaches FTIL's mutual funds worth Rs 307 cr

The Enforcement Directorate, Mumbai, has attached Rs 306.70 crore worth assets belonging to Jignesh Shah-promoted Financial Technologies India Ltd (FTIL).

Sep 22, 2016, 15:37 PM IST
CBI arrests FTIL, MCX promoter Jignesh Shah

CBI arrests FTIL, MCX promoter Jignesh Shah

Zee Media Bureau

Sep 20, 2016, 17:33 PM IST
Government to set up special court for all NSEL cases

Government to set up special court for all NSEL cases

Government Sunday decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.

Jul 24, 2016, 16:09 PM IST
NSEL scam: Jignesh Shah sent to police custory till July 18

NSEL scam: Jignesh Shah sent to police custory till July 18

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Jul 13, 2016, 23:39 PM IST
NSEL scam: Jignesh Shah remanded in ED custody till July 18

NSEL scam: Jignesh Shah remanded in ED custody till July 18

A court here Wednesday remanded FTIL founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of Enforcement Directorate till July 18.

Jul 13, 2016, 19:35 PM IST
FTIL shares slump nearly 10% after Jignesh Shah's arrest

FTIL shares slump nearly 10% after Jignesh Shah's arrest

FTIL shares slump nearly 10% after Jignesh Shah's arrest

Jul 13, 2016, 13:13 PM IST
ED arrests Jignesh Shah in connection with NSEL scam

ED arrests Jignesh Shah in connection with NSEL scam

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Jul 13, 2016, 00:13 AM IST
ED arrests Jignesh Shah in NSEL money laundering scam

ED arrests Jignesh Shah in NSEL money laundering scam

The Enforcement Directorate Tuesday arrested FTIL founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited (NSEL) money laundering scam.

Jul 12, 2016, 23:33 PM IST
FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".

Feb 14, 2016, 17:40 PM IST

FTIL renames itself as 63 Moons Technologies

Jignesh Shah-led Financial Technologies (India) Ltd on Wednesday proposed to change its name to 63 Moons Technologies Ltd as it seeks to reinvent itself in the wake of the NSEL crisis.

Aug 19, 2015, 18:06 PM IST

NSEL investors plan protest at Mumbai police chief office

Investors hit by the scam at National Spot Exchange (NSEL) plan to stage a protest tomorrow outside Police Commissioner's office here to express displeasure over "shortcomings" in the investigations into the Rs 5,600 crore scandal that surfaced in 2013.

May 08, 2015, 21:03 PM IST

Vested interests trying to scuttle proposed settlement: NSEL

Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.

Apr 14, 2015, 22:04 PM IST

NSEL Investors' Action Group alleges "shoddy" probe by police

NSEL Investors' Action Group has alleged "shoddy investigation" by the Mumbai Police in the Rs 5,600 crore NSEL scam and also accused it of protecting the exchange's promoter FTIL and its founder Jignesh Shah.

Apr 13, 2015, 20:21 PM IST

ED names Jignesh, Massey, 66 others in NSEL case charge sheet

FTIL founder Jignesh Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha are among 68 accused named in the Enforcement Directorate (ED) charge sheet in the National Spot Exchange Limited scam case.

Apr 01, 2015, 22:09 PM IST

Jignesh Shah resigns as FTIL MD; will mentor the firm now

The FTIL Board in its meeting held today appointed Prashant Desai as new Managing Director and CEO of the firm.

Nov 20, 2014, 20:02 PM IST

Jignesh Shah resigns as MD of FTIL

Jignesh Shah has resigned as the Managing Director of Financial Technologies India.

Nov 20, 2014, 19:46 PM IST

FTIL expands Board; to carve out new firm for flagship product

Facing a government-ordered merger of crisis hit NSEL with itself, Financial Technologies India (FTIL) on Friday announced spinning off a key revenue-generating trading software product into a separate subsidiary as part of a major restructuring exercise.

Nov 07, 2014, 20:30 PM IST

NSEL crisis: Govt mulls Board changes for merged entity

The Corporate Affairs Ministry last week unveiled a proposal to merge NSEL -- which has been embroiled in an over Rs 5,600 crore payment crisis -- with Jignesh Shah-led Financial Technologies (India) Ltd.

Oct 27, 2014, 11:18 AM IST

NSEL scam: Two top honchos of defaulting firms arrested

Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL.

Oct 21, 2014, 20:24 PM IST