October 22, 2014 10:28 AM

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NSEL scam: Two top honchos of defaulting firms arrested

Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL. Additional Police Commissioner (EOW) of Mumbai Police, Rajvardhan Singh informed Gagan Suri, one of the directors of Yathuri Associates, was apprehended from Chandigarh while Ranjeev Agarwal, promoter of P D Agro Processors was arrested from Karnal in Haryana. Singh informed that Suri's company owes Rs 424 crore, while Agarwal defaulted about Rs 644 crore to the beleaguered spot exchange. The assets of these two companies' have already been attached.Both will be produced before the court today (Wednesday). The Economic Offences Wing (EOW) of Mumbai Police, probing the Rs 5,600 croreNSEL scam, has so far attached movable and immovable assets worth nearly Rs 6,000 crore belonging to all the accused.

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