Former National Spot Exchange Limited CEO and managing director Anjani Sinha was arrested today by the Economic Offences Wing after an interrogation that lasted over 8 hours, reports CNBC-TV18’s Aastha Maheshwari.
Sinha will now be taken to the office of the Joint Commissioner of Police- EOW, where he is likely to be interrogated further.
The arrest comes a month after Sinha had said in a signed affidavit that he was responsible for the misrepresentation, miscommunication, and all the happenings at NSEL, and that he had kept the management in the dark about the same.
Sources, however, claim that Sinha is likely to recant his aforesaid affidavit where he said he was solely responsible for all the wrong doings of the exchange. Infact, in a manner of changing his stance, Sinha, may put the entire blame on some of the NSEL board.
Another important development in this case is that the Mumbai Collector has granted permission to the EOW to invoke the Maharashtra Protection of Investors Deposit Act (MPID) which means that that they will be able to exercise their powers to auction and seize some of the personal assets of Jignesh Shah, promoter of Financial Technologies.
Sinha's wife was questioned on Wednesday on her role in the company SNP Designs. Sinha is the third person to be arrested after Amit Mukherjee and Jai Bahukhandi in this case. The EOW is now expected to seek an extension of Bahukhandi and Mukherjee's custody, that ends on Friday.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
