NSEL SCAM CASE
Affidavit filed before Bombay High Court contesting trial court decision in NSEL scam case
The EOW has contended that in the last ten years they have filed 11 chargesheets in the case against 220 accused who are companies, its concerned directors, employees, individuals etc and those who have been left out were for the want of evidence. They further argued that merely being signatory or owning shares does not prove criminal charges, “ as there is no mens rea or common intention for conspiracy”.
Mumbai COVID centres 'scam': Shiv Sena (UBT) functionary Suraj Chavan appears before ED
Shiv Sena (UBT) functionary Suraj Chavan identifies himself as a secretary of Shiv Sena and a core committee member of Yuva Sena on his social media handle. Raids were also conducted at the residence of Chavan and the locations of some officials of Mumbai civic body and others, including IAS officer Sanjeev Jaiswal, officials had said.
Sebi cancels Way2Wealth Commodities registration in NSEL case
Accordingly, Way2Wealth Commodities can no longer be called a "fit and proper person" for holding the certificate of registration as a broker in the securities market and cancelled the registration of the brokerage house
ED attaches Shiv Sena MLA Pratap Sarnaik's assets in NSEL PMLA case
The ED on Friday said it has attached assets worth Rs 11.35 crore of Shiv Sena MLA Pratap Sarnaik in the money laundering case linked to the NSEL. Out of total amount of Rs 21.74 crore received by Vihang Aastha Housing Projects LLP, Rs 11.35 crore was transferred to Vihang Enterprises and Vihang Infrastructure Pvt.
NSEL scam in Mumbai: 95% of small investors get money back
The city police, probing the Rs 5,400-crore National Spot Exchange Limited (NSEL) cheating case, have till date auctioned over a dozen properties of the accused and reimbursed Rs 731 crore to investors.
Former chief of NSEL Anjani Sinha arrested
During his questioning, Sinha alleged that Shah approved trading of castor seed, steel, sugar, cotton, mustard seed on long-term contracts, it said. Shah had also introduced new trading commodities, mainly sugar, to deal with assured return schemes, Sinha claimed.
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HC seeks Chidambaram's response on suit filed by 63 moons company
The suit alleged that the company was facing continuous "targeted and malafide actions" in the wake of an engineered payment default crisis at one of its subsidiaries, the National Spot Exchange Ltd (NSEL).
I didn't flee to London, groundwork ready for refund to NSEL claimants: Jignesh Shah
Shah said it was wrong to close NSEL, a running exchange at that time and it had never happened before.
NSEL an 'employee fraud', could be resolved in 6 weeks: Jignesh Shah
Shah said it is still possible to resolve the case within 4-6 months.
63 Moons shares hit upper circuit after company wins MPID case in Bombay HC
"Committed to rise like Japan as it did after the bombings of Hiroshima and Nagasaki.”
63 moons' assets can't be attached over NSEL scam: Bombay HC
The attachment was made as part of the Mumbai police's probe into the alleged Rs 5,600-crore NSEL scam.
Sebi order in NSEL case rattles financial services firms
Sebi has traditionally applied the rule to all the segments of a firm’s business.
Court rejects Joseph Massey’s bail plea in NSEL Case
The lookout circular issued against Massey by the Economic Offences Wing of Mumbai police was modified on January 17 to “detain and hand over to the police”.
NSEL case: Massey moves court for anticipatory bail
The police wants to confront Kotian and Massey regarding an NSEL board meet.
NSEL scam: SFIO to prosecute 71 people, founder Jignesh Shah
The ministry has also authorised SFIO to file winding up petitions against 17 defaulter companies.
Non-defaulting brokers named in NSEL case
The chargesheet adds that the UCC modification was done without the consent of the investors.
NSEL Scam: Sebi’s probe against 5 brokers at an ‘advanced stage’
The case dates back to 2012 when NSEL failed to repay 13,000 investors who were trading on the platform.
Why the shadow of NSEL scam might make Jignesh Shah's journey with startups very tough
Shah is now focusing on his new role of mentoring startups. But the cloud of the scam that hangs over him might make the journey ahead very tough.
I have not run away from India: Jignesh Shah on NSEL crisis
If a merger is the right move, then why don’t you merge all the companies and their subsidiaries to recover the money that they owe banks, asks Jignesh Shah.
CBI nails nine shell companies in NSEL scam
It is alleged that these companies were trading on the exchange platform without having actual possession of commodities, CBI sources said.
NSEL case: SFIO probing FTIL, 18 associate companies
In a written reply in Lok Sabha, he said probe has been ordered into the affairs of NSEL, FTIL, their 18 subsidiaries and associate companies.
NSEL scam: Jignesh Shah granted bail
The Enforcement Directorate had arrested Shah on July 12 under section 19 of Prevention of Money Laundering Act (PMLA).
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