Mumbai:The city economic offences wing (EOW) on Monday filed a 9,000-page chargesheet against five accused in the Rs 5,574.35 crore cheating and criminal conspiracy case at National Spot Exchange Ltd (NSEL). FTIL founder, Jignesh Shah, who has not been arrested, was not chargesheeted.
Those chargesheeted include Anjani Sinha, NSEL’s exmanaging director; Amit Mukherjee, ex-assistant vice-president of business development at NSEL; and Jai Bahukhandi, ex-assistant vice-president of warehousing at NSEL. The chargesheet has also named Nilesh Patel, MD of N K Proteins Ltd, and Arun Kumar Sharma, MD of Lotus Refineries Pvt Ltd.
“By filing the chargesheet within 90 days, we have denied the accused’s right for bail. The chargesheet contains list of documents recovered from the accused, details of stock and warehouses, list of 297 witnesses including complainant, Pankaj Saraf, our officers and investors. We will file a supplementary chargesheet soon,” said Himanshu Roy, joint commissioner (crime branch). He said the EOW had taken permission from the court to continue probe. The forward market commission that has made an escrow account has paid investors Rs 276.79 crore (5%) till date. Money in the escrow account comes from the 24 defaulters on weekly basis.
The Times of India, January 7, 2014