A day after arresting Financial Technologies and Multi Commodity Exchange of India Ltd promoter Jignesh Shah in the NSEL scam case, city police have shifted focus to brokers and warned that they would face the same fate if they do not co-operate with the probe.
“If the brokers are not forthcoming during the probe, we would be left with no option but to take them into custody for interrogation,” said a senior police officer who is privy to the probe into the Rs 5,600 crore NSEL scam.
Brokers’ role is under investigation for certain malpractices. Brokers have charged certain percentage on fake warehouse receipts as per the investigators.
- Mumbai’s Haji Ali Dargah Trust to SC: Ready to give women access to sanctum sanctorum
- Samajwadi Party Crisis: 5 Quotes By Mulayam Singh Yadav At Press Conference
- Ae Dil Hai Mushkil Vs Shivaay: What Delhites Pick
- Supreme Court Directs Vijay Mallya To Fully Disclose Foreign Assets In 4 Weeks
- 5 Reasons To Watch Ae Dil Hai Mushkil
- BSP Supremo Mayawati Criticises PM Modi Over Triple Talaq: Here’s What She Said
- Google Pixel XL Phone Review: Pros, Cons And Final Verdict
- Defence Minister Manohar Parrikar Says Army donation Is Voluntary
- Rock On 2 Trailer Launch: Farhan Akhtar, Shraddha Kapoor, Prachi Desai On Their Roles
- Cyrus Mistry’s Career Timeline
- Stalker Kills Woman At Metro Station In Gurgaon: Here’s What Happened
- Bigg Boss 10 October 24 Review: Seven Contestants Nominated For Evictions
- Power Struggle In Mulayam’s Party: Here’s What People Reacted
- 1 Dead, 5 Injured In Low Intensity Explosion In Delhi’s Naya Bazaar Area
- Delhi: Naya Bazar Explosion Cctv Footage
Police have also found that certain broking houses used client accounts without their knowledge for doing purchases. Many rules were modified for brokers’ gain.
Although brokers have been under scanner for long, nobody has been arrested so far.
“However, if they (brokers) do not co-operate, we will arrest them,” the officer added.
Forensic audit of some of the broking firms was not done, police said, adding, “It would take at least two to three months to complete the auditing of all the brokers involved in the case.”
In many cases, brokers too had accompanied NSEL officials to convince high net-worth individuals to invest and trade on the controversial NSEL platform, police said.