Wednesday 13 July 2016

ED arrests FTIL founder in NSEL scam


The Enforcement Directorate has arrested FTIL founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam. Shah was arrested under the provisions of the Prevention of Money Laundering Act as "he was not cooperating in the investigation". He will be produced in a special anti-money laundering court in Mumbai today. Shah was
also named in the first charge sheet filed by the ED in this case last year.

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