Jignesh Shah

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Jignesh Shah - Total results - 103
I didn't flee to London, groundwork ready for refund to genuine NSEL claimants; target was to finish me: Jignesh Shah
Business

I didn't flee to London, groundwork ready for refund to genuine NSEL claimants; target was to finish me: Jignesh Shah

Jignesh, who had launched 14 exchanges across six continents including MCX in 2003, was forced out of all his exchanges and related businesses in the aftermath of the NSEL crisis.

NSEL an 'employee fraud', could have been resolved within six weeks: Jignesh Shah
Business

NSEL an 'employee fraud', could have been resolved within six weeks: Jignesh Shah

More than six years after his erstwhile spot exchange NSEL got engulfed in an alleged Rs 5,600-crore scam, embattled businessman Jignesh Shah has said it was "an employee fraud" done in connivance with some defaulter brokers and it could have been resolved in flat six weeks but for a political conspiracy hatched at that time to help his business rivals

NSEL scam: 63 Moons Technologies serves legal notices to P Chidambaram, two civil servants; to seek Rs 10,000 cr damages
Business

NSEL scam: 63 Moons Technologies serves legal notices to P Chidambaram, two civil servants; to seek Rs 10,000 cr damages

63 Moons Technologies on Monday said it has served legal notices to Congress leader P Chidambaram and two civil servants informing them of the company's intention to move court to seek damages worth Rs 10,000 crore in connection with the NSEL scam

BJP attacks Congress after report states Rahul, Priyanka Gandhi leased out farmhouse to NSEL scam-accused Jignesh Shah’s FTIL
Politics

BJP attacks Congress after report states Rahul, Priyanka Gandhi leased out farmhouse to NSEL scam-accused Jignesh Shah’s FTIL

Rahul Gandhi and Priyanka Vadra reportedly leased out a farmhouse in early 2013 to Financial Technologies (India) Ltd, a firm promoted by Jignesh Shah, who was arrested by CBI in a case of alleged cheating. This took place while FTIL was under investigation by Congress-led UPA government for fraud.

NTT Data buys majority stake in 63 Moons-owned payments services provider Atom Technologies for $9.24 mn
Business

NTT Data buys majority stake in 63 Moons-owned payments services provider Atom Technologies for $9.24 mn

NTT will take a 55.35 percent stake in Atom for $9.24 million and invest $1.5 million in primary equity to take its total holding in the company to 60 percent

Bombay High Court tells Central Bureau of Investigation to return FTIL founder Jignesh Shah's passport
India

Bombay High Court tells Central Bureau of Investigation to return FTIL founder Jignesh Shah's passport

Bombay High Court has asked CBI to return the Jignesh Shah's passport, terming the action of retaining it for three years as "illegal and contrary to law"

Jignesh Shah-owned 63 Moons Technologies to move Bombay High Court for defreezing operating accounts
Business

Jignesh Shah-owned 63 Moons Technologies to move Bombay High Court for defreezing operating accounts

Jignesh Shah-owned 63 Moons, formerly known as Financial Technologies, will move the Bombay High Court tomorrow against the state government's directives to freeze the operating accounts of the company

Sebi order on MCX and FTIL: Jignesh Shah denies any violations, alleges conspiracy
Business

Sebi order on MCX and FTIL: Jignesh Shah denies any violations, alleges conspiracy

Shah had served as Chairman and Managing Director of FTIL at the time when the alleged insider trading happened

CBI probe reveals 339 shell companies used to divert Rs 2,900 crore, cheat banks
Business

CBI probe reveals 339 shell companies used to divert Rs 2,900 crore, cheat banks

A complex web of 339 shell companies used for allegedly diverting funds unscrupulously to the tune of Rs 2,900 crore has been unearthed by the Central Bureau of Investigation (CBI) during its probe into such cases over the last three years.

Jignesh Shah and the NSEL scam: New book looks at decimation of FTIL head's empire
Business

Jignesh Shah and the NSEL scam: New book looks at decimation of FTIL head's empire

A new book called 'The Target' by Shantanu Guha Ray looks at the decimation of NSEL scam accused Jignesh Shah's global empire; how he broke the market monopoly and the price he paid.

Curious case of repeated arrest and release of Jignesh Shah (or how Rs 5,600 cr lost without trace?)
Business

Curious case of repeated arrest and release of Jignesh Shah (or how Rs 5,600 cr lost without trace?)

It is clear that there is a pattern in the way all the investigative agencies went about handling the Rs 5,600 crore NSEL scam case

FTIL promoter Jignesh Shah arrested by CBI in MCX-SX licence case on charges of cheating
Business

FTIL promoter Jignesh Shah arrested by CBI in MCX-SX licence case on charges of cheating

CBI alleges Jigensh Shah deliberately suppressed the fact that MCX-SX had a buy back arrangement with a nationalised bank while applying for extension of recognition of the stock exchange

NSEL scam: FTIL to seek legal remedies after EOW attaches Rs 2000 cr assets
Business

NSEL scam: FTIL to seek legal remedies after EOW attaches Rs 2000 cr assets

We will take all legal remedies to protect the interests of our shareholders and employees, the company said

Curious case of Jignesh Shah: Who gave orders to ED to arrest him?
Business

Curious case of Jignesh Shah: Who gave orders to ED to arrest him?

Senior advocate Satish Manshinde said he was surprised at Shah’s arrest for money laundering because the case has been going on for more than two years.

Jignesh Shah arrested: Charting the Rs 5,600 crore NSEL scam
Business

Jignesh Shah arrested: Charting the Rs 5,600 crore NSEL scam

Despite the various probes launched into the scam, it is getting murkier. It will be a long wait for the truth to come out

ED arrests Jignesh Shah in Rs 5,600 crore NSEL money laundering scam
Business

ED arrests Jignesh Shah in Rs 5,600 crore NSEL money laundering scam

Officials said Shah was arrested under the provisions of the Prevention of Money Laundering Act (PMLA) as "he was not cooperating in the investigation".

Year of the corporate jailbird: The six big felons who ruined the India Inc brand
India

Year of the corporate jailbird: The six big felons who ruined the India Inc brand

2014 was the year of the India Inc jailbird. We take a look at six of the most prominent business leaders who ended up behind bars and why

MCX-SX complies with Sebi norms as FTIL exits exchange
Corporate

MCX-SX complies with Sebi norms as FTIL exits exchange

To comply with the conditions imposed by Sebi, MCX-SX today issued shares to 12 new investors, including Rakesh Jhunjhunwala, following which the erstwhile promoter FTIL will completely exit from the bourse.