Today The Enforcement Directorate arrested Financial Technologies chief Jignesh Shah in Rs 5,600 crores NSEL National spot Exchange Ltd) scam case. Shah has been reportedly arrested by the ED for non-cooperation with investigating agencies. Shah, who is booked under the provisions of Prevention of Money Laundering Act. Shah will be produced in PMLA Court on Wednesday, a CNBC-TV18 Tweet quoted an ED official as saying. The ED may also seek the custody of Shah from court.
NSEL scam was a ponzi scheme estimated to be a Rs 5,600 Crores commodity market fraud.
