Moneycontrol Bureau
Economic Offenses Wing (EOW) has made fresh arrests in the NSEL case. The axe has fallen on IIFL vice-president Chintan Modi, CP Krishnan of Geofin Comtrade and Amit Rathi of Anand Rathi.
Earlier in August last year, EOW had arrested seven borrowers in the Rs 5600-crore NSEL scam. Prior to that, it had arrested 11 people; the last was Financial Technologies chief Jignesh Shah and Shreekant Javalgekar, former managing director and chief executive of Multi Commodity Exchange.
Meanwhile, on Monday, Financial Technologies had said its Board had unanimously opposed the Ministry of Corporate Affairs (MCA) petition to Company Law Board (CLB) seeking "removal and supersession" of the FTIL Board.
Recently, NSEL joint managing director Prakash Chaturvedi told CNBC-TV18 that very few claimants have come forward to furnish details and he had received affidavits of only 45 genuine investors so far.
The Bombay High Court had asked NSEL to establish genuine claimants' details saying 13,000 investors can't be termed as 'ghost investors'.
Chaturvedi claimed that NSEL has furnished all data related to brokers’ client code modification to the Economic Offences Wing (EoW) of the Mumbai Police in order to hasten its probe and establish alleged bonafied modifications of the brokers.
(posted by Devika Ghosh)
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