A sessions court in Mumbai has remanded former CEO of the National Spot Exchange Ltd, NSEL Anjani Sinha to judicial custody in connection with the ongoing payment scam at the company. Deputy Commissioner of Police (Economic Offences Wing) Balsingh Rajput said that Sinha was remanded in judicial custody for 15 days by the Special Court set up under the Maharashtra Protection of Interest of Depositors (MPID) Act.The court also extended police custody of NK Proteins Limited Managing Director Nilesh Patel till November 4. The two are currently in judicial custody. The NSEL has been facing problems in settling 5,600 crore rupees dues of 148 members and brokers, representing 13,000 investor-clients after it suspended trade on July 31 on government's direction.
News On AIR | November 1, 2013 2:30 PM
Payment scam: Mumbai Court remands ex-CEO of NSEL