Mumbai Police has arrested seven more defaulters in connection with the 5,600 crore rupees NSEL scam. They are Kailash Agarwal of Ark Imports, Prashant Borugu of Metcor Alloys, Narayan Rao of NCS Sugars, BVH Prasad of Juggernaut Projects, Varun Gupta and Chandra Mohan Singhal of Vimla Devi Agrotech and Ghanta Kameshwar Rao of Spincot Textiles. Economic Offences Wing of Mumbai Police said, the default amount of the 7 arrested accused is about 1,200 crore rupees. They will be produced before a court today. The arrest comes a week after filing of a 9,000-page supplementary charge sheet in the case against the spot exchange promoter Jignesh Shah. Shah and his close aide and NSEL board director Shreekant Javalgekar were arrested on May 7. Nine others, including defaulters, were held before Shah's arrest.
News On AIR | August 12, 2014 7:25 AM
Police arrest 7 more defaulters in NSEL scam