Shreekant Javalgekar

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, managing director and chief executive of Multi Commodity Exchange.

MCX CFO Hemant Vastani resigns

The resignation comes amid the continuing Rs 5,600 crore payment crisis at the FTIL-promoted National Spot Exchange Ltd (NSEL).

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.

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 retains position on MCX Board for now

When Shreekant Javalgekar had resigned last week there was pressure on Jignesh Shah to step down as well. However, he managed to convince the MCX board by taking advantage of the fit and proper show cause notice of the FMC.

MCX CEO & MD Shreekant Javalgekar submits resignation

MCX-CEO-SHREEKANT-JAVALGEKAR:MCX says CEO Javalgekar submits resignation

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.

FMC sends fit & proper notice to NSEL promoters, Fin Tech

Economic Offences Wing (EOW) also issued some notices against Jignesh Shah and said that they will not be allowed to leave India without permission.

MCX Q1 net up 4% at Rs 64.74cr

Commodity exchange MCX today posted four per cent growth in net profit at Rs 64.74 crore for the first quarter ended June 30.