Anjani Sinha

The Serious fraud Investigation office (SFIO) has shot off notices to all broking firms whose clients traded in commodity pair contracts on the National Spot Exchange. The brokers have been asked to furnish their books of accounts, a source told Moneycontrol.

Sixth arrest made in NSEL scam

Surender Gupta, MD of PD Agroprocessors, is the third-biggest defaulter.

NSEL saga: EOW files chargesheet; doesn't name Jignesh Shah

The chargesheet is an important development in the ongoing investigations as it is the first time an official report has been submitted by the Mumbai Police to the court. The chargesheet also has details of the 24 defaulting borrowers.

HC extends interim anticipatory bail of NSEL top man

The court had granted interim anticipatory bail to Pandey until today. The relief was extended today by a further period of two weeks by Justice Sadhana Jadhav.

Angry NSEL investors accuse Financial Tech of another fraud

Financial Technologies shares touched a 2-month high of Rs 201 this morning after the company said it had sold its entire 100 percent equity ownership in Singapore Mercantile Exchange for USD 150 million.

EOW begins attachments, borrowers in line of fire

The focus of this offensive is on borrowers, with the first order featuring 20-25 properties. These properties belong, primarily, to ARK one of the 6 main borrowers who account for nearly 70% of the 5600 crore in question.

Jignesh shah resigns, Anjani Sinha gets judicial custody

With Jignesh Shah's exit, it is the third key exit from the MCX board, indicating that NSEL crisis is affecting other group companies too.

Jignesh Shah, Joseph Massey bank accounts frozen by EOW

EOW also clarified that the settlement between Mohan India and NSEL will not take the borrower out of the scope of EOW investigations. Mohan India had signed an agreement to settle dues, by paying a sum of Rs 771 crore over the course of one year.

Jignesh Shah questioned in presence of Nilesh Patel

NK Protein's Nilesh Patel was also present during the interrogation. EOW sources say at the moment the borrower statement is also important to implicate Jignesh Shah.

NSEL promoter Shah, ex-CEO Sinha blame each other for fraud

The drama took place as officials from Mumbai Police's Economic Offences Wing (EOW) grilled Shah in the presence of Sinha, who is in police custody in connection with the fraud. This was the second time that Shah was questioned by police.

Jignesh Shah to be quizzed by Mumbai Police again today

Jignesh Shah has already been questioned by the EOW earlier and his statement recorded. But that was before the fresh affidavit by the sacked ex-NSEL chief executive Anjani Sinha, in which he claimed that the NSEL board (which included Jignesh Shah) was aware of the brewing payment crisis at the bourse.

Protecting investor interest key in NSEL crisis: Mum Police

Since it is a large and complex investigation, the Mumbai Policy has formed many teams and searched dozens of offices and residences and warehouses across the country, said Himanshu Roy Jt CP, Mumbai Police.

Ex-NSEL CEO Sinha does a U-turn, now blames board for mess

The affidavit further goes to say that neither did Sinha take any personal benefits from borrowers nor did he enjoy a delegated authority to take crucial decisions.

NSEL fiasco cannot be one man's doing, say experts

JN Gupta, Former Director, Sebi believes that although at present Anjani Sinha has taken all the flak on himself, it is not possible that he could have done everything on his own.

Ex-NSEL MD & CEO Anjani Sinha recants affidavit post arrest

The arrest comes a month after Anjani Sinha had said in a a signed affidavit that he was responsible for the happenings at NSEL, and that he had kept the management in the dark about the same.

ED questions NSEL's Anjani Sinha; wife's role under scanner

Sinha is considered to be one of the key suspect responsible for the entire NSEL fiasco. Sources have indicated that he has been questioned by the Enforcement Directorate (ED).

NSEL CEO & MD Anjani Sinha to appear before EOW on Wed

Additionally, Shankarlal Guru, the former chairman of NSEL is likely to be questioned again by the EOW, after he was questioned for the first time earlier today. Joseph Massey, managing director, NSEL too was questioned today.

EOW eyes sweeping powers to tackle Jignesh Shah: Srcs

Sources have confirmed that EOW is currently considering the invocation of the Maharashtra Protection of Interest of Depositors Act (MPID Act).

EOW arrests NSEL's Amit Mukherjee, is Anjani Sinha next?

The NSEL fiasco on Wednesday saw the first arrest with its vice president of business development getting arrested. Sources say Anjani Sinha may also face a similar fate.

NSEL appoints Saji Cherian as new MD & CEO

The post was lying vacant since Anjani Sinha, the former MD & CEO quit following a payment crisis at NSEL. NSEL is actively pursuing recovery of outstanding dues from the defaulting members with pay-in obligation, a company press release said.

NSEL ex-CEO takes blame to save promoters

CNBC-TV18‘s Varinder Bansal reports that former MD and CEO of NSEL, Anjani Sinha filed an affidavit, taking the blame for the NSEL fiasco and accused his senior team for the mess.

Two directors resign from Financial Technologies's board

Financial Technologies (India) Ltd (FTIL), the promoter of National Spot Exchange Ltd (NSEL), today said the company's two directors R Devarajan and PR Barpande have resigned from the board.

NSEL sacks MD Sinha; bourse payout fails

In another shocking move, the National Spot Exchange Ltd today announced to remove CEO and MD Anjani Sinha and CFO Shashidhar Kotian subject to further investigation on a day when it failed to meet its first payout obligation.

'NSEL to start trading after new regulations by FMC'

The troubled National Spot Exchange Limited (NSEL) today said it is committed to ensure proper settlement of all outstanding obligations but will resume operations only after the commodity regulator FMC issues guidelines for the spot exchanges.

Have Rs 6200cr physical stock to cover outstanding: NSEL

Rumours of a payment crisis at the NSEL has been doing the rounds over the last couple of days after the exchange said it would be merging delivery and settlement of all pending contracts, other than e-series, and deferring pay-out by 15 days.