Joseph Massey

NSEL investors appeal to PMO, corporate affairs ministry to fast track case, help settle dues

The letter also spoke in support of Ramesh Abhishek - the former Chairman of FMC and current Secretary of DIPP – who took action against 63 Moons and its promoters.

NSEL scam case: Joseph Massey arrested after hour-long chase, sent to police custody till Feb 5

Two police vehicles blocked Massey’s vehicle before the cops broke the car’s window pane to stop him from escaping

EXCLUSIVE: SFIO serves notices to brokers in NSEL scam

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.

FMC to issue order on MCX promoters' status next week

Sources say there is a high chance that Jignesh Shah, Joseph Massey and Srikant Javalgekar might be declared unfit and unproper for holding share in exchange.

Time up to cross examine Grant Thornton report: FMC to FTIL

FTIL had sought similar permission on November 12 to cross examine the Grant Thornton report. The date was postponed from November 25 to December 3.

NSEL Auditor against cross examination by FTIL, Jignesh?

The stance that Grant Thornton is likely to take is that since the Forward Markets Commission (FMC) was the agency responsible for appointment of the auditor, Grant Thornton would be answerable to the regulator, alone.

EoW questions former MCX CEO Massey

Massey was also among the board of directors at the debt-ridden NSEL. EoW sources say they questioned Massey over discrepancies in the minutes of the board meeting.

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, 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.

MCX board approves appointment of 5 new directors

The board of directors at its meeting held on October 22, approved the said appointments, the exchange said in a regulatory filing today. The three shareholder directors are K N Raghunathan, Union Bank of India, Sanjaya Agarwal, Bank of Baroda and P Paramasivam, General Manager, Corporation bank.

Jignesh Shah, Massey seek more time to reply to FMC notices

The Forward Markets Commission (FMC) issued the show cause notices on October 4 to FTIL, Shah, MCX Managing Director and CEO Shreekant Javalgekar and MCX Stock Exchange Managing Director and CEO Joseph Massey and sought replies by October 18.

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.

FMC accuses 3 directors including Shah for NSEL crisis

FMC accuses three directors inluding NSEL Promotor Jignesh Shah, Joseph Massey, CEO and MD of MCX-SX and Shreekant Javalgekar, MCX CEO and MD for unlawful, irregular and fraudulent activities in NSEL scam.

Sebi will take timely action against erring cos: Sinha

Asserting that "timely action" would be taken against companies violating rules, Sebi Chairman U K Sinha today said the regulator is very alert to ensure protection of investors' interests.

FMC starts taking control over MCX board

Joseph Massey, the Chief Executive Officer and Managing Director of MCX Stock Exchange, has decided to withdraw his request for re-appointment as a director on MCX board. The MCX board has also appointed RM Premkumar, FMC nominated director as interim chairman.

Shares of MCX, Financial Tech rally 5% on board rejig

Sebi has appointed Thomas Mathew as the public interest director on the board of MCX-SX. The board of MCX-SX now has five directors including U Venkataraman, whole time director who would be assisting the Special Committee of public interest directors in running the day to day affairs of the stock exchange.