May 01, 2019 5:27 am
A bench led by justice RF Nariman allowed a batch of appeals filed against the Bombay High Court’s December 2017 order that upheld the central government’s merger order.
December 28, 2018 2:58 am
The police alleged that NSEL was the mastermind behind the offence, as the conspiracy of the fraudulent transactions began at the company and defaulter companies and brokers were roped in.
December 10, 2018 1:56 pm
Shah became a billionaire before he turned 40 after setting up FTIL.
March 24, 2018 2:30 am
It is alleged that the accused had facilitated Multi Commodity of India Ltd (MCX) in getting Nationwide Multi Commodity Exchange status even though it did not fulfil the stipulated criteria.
August 04, 2017 9:29 pm
"I stand tall, no agency has found anything against me," Shah said, adding that he decided to address the media for the first time since the crisis broker as now his family members are being targeted.
May 08, 2017 8:46 pm
The CBI has found the role of nine shell companies, including several defaulters, for allegedly diverting proceeds related to the National Spot Exchange Limited (NSEL) scam to other avenues.
July 29, 2015 2:50 am
NSEL has been accused of collaborating with 25 ‘fictitious’ firms on the forward trading market to trade fake stocks on the exchange on the basis of forged documents.
November 21, 2014 3:25 am
Shah will no longer hold any executive or managerial position in the company.
October 28, 2014 2:37 am
NSEL case frames government failure. Government must now explain why drastic action is needed
October 27, 2014 4:10 am
Jignesh Shah and FTIL are currently being investigated by the Mumbai Police Economic Offences Wing.