Wednesday, May 7, 2014

EOW makes 9th arrest in NSEL case

Mateen Hafeez TNN


Mumbai: The economic offences wing (EOW) on Tuesday arrested Indrajit Namdhari, director of Namdhari Food International Pvt Ltd, for his alleged role in the Rs 5,600-crore cheating case involving the National Spot Exchange (NSEL). 

    Namdhari is the ninth person to be arrested in this case. “He has an office in Delhi and operated from Sirsah in Haryana. He had borrowed Rs 53.07 crore from NSEL to supply rice at a time when he had no rice with him and the rice stock and supply was shown on papers. They all were fictitious,” said a police officer. He will be produced before an MPID court on Wednesday.
 
    The FIR, filed by an investor Pankaj Saraf, named FTIL group chairman Jignesh Shah, MCX Stock Exchange MD Joseph Massey and auditor Mukesh Shah, among others. 
 
The Times of India, May 7, 2014

No comments:

Post a Comment