Jignesh Shah arrested in NSEL scam

May 07, 2014 19:24

The Financial Technologies and Multi-Multi Commodities Exchange (MCX) promoter Jignesh Shah was arrested today by the EoW of Mumbai Police for his alleged involvement in the Rs 5,600-crore National Spot Exchange Limited (NSEL) scam.

"We have arrested Jignesh Shah for his involvement in the NSEL scam," EoW sources told PTI here.

Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.

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