The Mumbai Police's Economic Offences Wing (EOW) has attached the properties of National Spot Exchange Limited (NSEL) Director Jignesh Shah and three others, all named as accused, in the 5,600 crore rupee scam. Besides Shah, properties of Joseph Massey, also a Director at the now defunct spot Exchange, and two others were attached by the Economic Offences Wing (EOW) which is investigating the scam that came to light in July.Additional Police Commissioner (EOW) Rajvardhan Sinha said with the properties of Shah and three other now attached, the police have so far seized about 206 properties (of accused and defaulters) valued at Rs. 2985.90 crore.Meanwhile, commodity regulator Forward Markets Commission (FMC) has completed examination of Grant Thornton's report related to the NSEL crisis. Grant Thornton, a global consultancy firm, had done a forensic audit of the crisis-ridden spot commodity exchange.
News On AIR | December 4, 2013 9:41 AM
NSEL scam: Properties of Director and 3 others attached