July 14, 2016 7:30 AM

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NSEL scam: Jignesh Shah remanded in ED custody till July 18

A Mumbai court has remanded FTIL founder Jignesh Shah to Enforcement Directorate (ED) custody till Monday in the 5,600-crore rupees National Spot Exchange Limited scam.<br/><br/>ED arrested Jignesh Shah yesterday, under the Prevention of Money Laundering Act. ED argued that new material had come to light indicating that Mr. Shah indulged in money laundering; adding that it intends to file a fresh case. The court rejected Shah's view that investigation in the case was over and the facts which may have come to light are not new.<br/><br/>

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