Nsel Scam

The matter is not of 'public interest', the apex court noted.

P Chidambaram, KP Krishnan, Ramesh Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scam

Earlier this week, 63 Moons had served legal notices to Chidambaram, KP Krishnan, the former additional secretary at the finance ministry in-charge of the capital markets, and former Forward Markets Commission (FMC) chairman Ramesh Abhishek, seeking damages worth Rs 10,000 crore in connection with the NSEL scam.

63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

Formerly known as Financial Technologies Ltd (FTIL), 63 Moons and some of its former executives, including founder Jignesh Shah, are under the scanner of multiple probe agencies regarding the Rs 5,600 crore payment scam at the now defunct National Spot Exchange Ltd (NSEL).

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

Ex-CFO Shashidhar Kotian arrested in NSEL scam

Kotian was arrested in connection with the scam and was produced before a court Friday, which remanded him to police custody till January 28, an official said. The agency sought his remand on the ground that they have come across from fresh facts and need to confront with the same.

NSEL case: Bombay High Court rejects petition of brokers

The judges dismissed the petition observing that the petitioners were seeking to withdraw their applications as an afterthought and only wanted to escape the enquiry initiated against them.

HC orders release of funds from accounts of Jignesh Shah firm

A bench of justices Shantanu Kemkar and M S Karnik said 63 Moons must ensure that the money is used only for these two purposes, and this should be verified by an independent auditor.

DEA Secretary briefs PMO on progress of investigation into NSEL scam

Nearly 13,000 investors lost close to Rs 5,600 crore in the NSEL fiasco. Only 6 percent were repaid in nearly 57 months since the scam was unearthed in July 2013.

SFIO sends 6-page questionnaire to NSEL investors, intensifies probe against brokers

Stepping up its investigations into the ongoing National Spot Exchange (NSEL) scam, the Serious Fraud Investigation Office (SFIO) has sought detailed answers from investors in the bourse regarding a number of irregularities.

Bitcoin culprit behind money laundering, unhappy with RBI for ignoring it: MP Kirit Somaiya

Speaking to Moneycontrol, Somaiya said that he is expecting a meeting with a senior official from the National Intelligence Grid (NATGRID) to discuss the sudden jump in bitcoin trading in India during the period of the cash ban.

NSEL scam: SFIO writes to NSEL investors seeking details

CNBC-TV18 learns from sources privy to the matter that SFIO has sought information from investors and active trading entities on various aspects of transactions through an exhaustive list of questions.

Sebi speeds ups investigation in MCX insider trading case

The regulator has sent show cause notices to Jignesh Shah, key management personnel and employees of Multi Commodity Exchange and 63 Moons, a source told Moneycontrol.

Sebi issues fresh notices to 20 entities in NSEL scam

Final orders against these entities can be passed by the regulator anytime so, sources said.

PMLA court grants bail to Jignesh Shah

In a setback to Enforcement Directorate and a huge relief to Jignesh Shah, a PMLA court on Saturday granted bail to Shah in the NSEL scam, reports CNBC-TV18's Priya Sheth.

Bombay HC to hear FTIL asset attachment case on July 25

The Bombay HC said there was no urgency as far as this case was concerned and that it would be heard on Monday, July 25.

FTIL & Jignesh Shah investigations have been numerous

The Enforcement Directorate (ED) had put the founder of Financial Technologies India Limited (FTIL) behind bars, and the Mumbai police's economic offences wing (EOW) has now gone ahead and attached all immovable assets of the company in connection with the Rs 5,600 crore NSEL scam.

Jignesh Shah sent to police custody till July 18

The Enforcement Directorate (ED) claimed in the court that Shah had made Rs 76-crore worth bogus deals in the NSEL scam.

Bombay High Court grants bail to FTIL's Jignesh Shah

The Bombay high court on Friday granted bail to MCX promoter Jignesh Shah in connection with the Rs 5600 crore NSEL scam on the condition that he must report to investigating agency office twice a week, every Monday and Thursday until further notice.

NSEL scam: Mumbai police attach assets of defaulters

The spot commodity bourse, promoted by Shah-led Financial Technologies (FTIL), has been facing problems in settling Rs 5,600 crore dues of 148 member brokers, representing 13,000 investor clients.

MCX-SX now controlled by FIs, not Financial Tech: GK Pillai

The turn of events at NSEL has affected the credibility of the FT group in general, prompting brokers and investors to think twice before dealing with any of the companies in the fold.

Criminal complaint lodged against NSEL auditors

Auditors involved with the NSEL and its associates are going to face heat after complaints have been filed by investors with the economic offences wing (EOW).

NSEL probe gathers momentum; EOW questions former CFO: Srcs

The probe into the beleaguered National Spot Exchange has gathered momentum as the economic offences wing is investigating multiple angles into the scam.

FMC show cause notice raps FTIL executives

The 40-page show cause notice slapped on Financial Technologies and its three directors questions them on their involvement in the mess surrounding the National Spot Exchange.

NSEL row: Recovering money more vital than punishing guilty

In a panel discussion on CNBC-TV18, Deena Mehta of Asit C Mehta Investments feels it should not be all that difficult to recover the money considering there are only about 22 borrowers.