Economic Offences Wing (EoW) of Mumbai police investigating the NSEL case will investigate brokers’ role also and may also go deep in to their books once investigation of books of borrowers is completed.
Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, today told investigators that he was making "relentless" efforts to recover money from defaulters.
Admitting that it owes Rs 34.29 crore to the scam-hit National Spot Exchange Ltd (NSEL), Spin-Cot Textiles Ltd has given an undertaking to the Bombay High Court that it would deposit Rs 50 lakh every month in the court till the arbitration proceedings are
R Square, Jignesh Shah’s three-storey bungalow in Mumbai’s upmarket Juhu is among several properties attached by the Economic Offences Wing (EOW) of the Mumbai police probing the National Spot Exchange Ltd (NSEL) fiasco.
Despite several assertions by the newly-appointed MCX-SX management that the Rs 5,400 crore National Spot Exchange Ltd (NSEL) scam will not impact the operations of the stock exchange, one of the key questions candidates for jobs are being asked is on
After selling Singapore Mercantile (SMX) last week, Financial Technologies (FTIL) is said to be looking for buyers for few more ventures including its overseas exchanges and even in domestic subsidiaries.
Noida-based IGL Finance, a large investor in National Spot Exchange (NSEL), has issued notice to the bourse for its winding up creating fresh legal trouble for the beleaguered exchange already fighting a plethora of law suits.
In a surprising twist, Grant Thornton (GT), the global consultancy firm which audited e-series transactions of the Rs 5,600 crore scam hit National Spot Exchange (NSEL), has denied appearing before officials of the Financial Technologies (FTIL) and NSEL
Under the scanner of the Mumbai police's Economic Offences Wing (EOW), Adani Wilmar on Friday submitted the books of account of AWN Agro (AWN), a 50:50 joint venture between Adani Wilmar and N K Proteins (NKP), for investigation.
Nilesh Patel, MD, NK Proteins LtdThe economic offenses wing (EOW) of the Mumbai police, investigating the Rs 5,600-crore payment crisis at National Spot Exchange Ltd (NSEL), has attached several properties of city-based NK Proteins Ltd (NKPL) and
In the first big-ticket asset sale by the Financial Technologies (FTIL) group after the fiasco at National Spot Exchange Ltd (NSEL), the company has sold Singapore Mercantile Exchange (SMX) to the Intercontinental Exchange Group Inc (ICE).
Amid the gloom, there is some good news for the shareholders of Financial Technologies (FT), as the company has announced sale of its entire stake in a Singapore-based exchange for $150 million or about Rs 930 crore.
Raising emotional pitch on sale of his Singapore-based bourse SMX, Financial Technologies CEO and Managing Director Jignesh Shah today expressed "mixed" feelings about parting ways with an asset he had nurtured as a global institution.
Embattling a major crisis at its group entity NSEL, exchange operator and technology provider Financial Technologies (FTIL) today announced sale of its Singapore-based bourse SMX for $150 million (Rs 931 crore) to US-based InterContinentalExchange (ICE).
Jignesh Shah-promoted Financial Technologies (FTIL) announced on Tuesday that it would be selling off its entire stake in Singapore Mercantile Exchange, a wholly owned subsidiary based out of Singapore.