In the first arrest in the NSEl's Rs 5,600 crore payout scam, a top official of the beleaguered spot commodity bourse, which defaulted on its payment for the eighth time in a row yesterday, was held today by Mumbai police's Economic Offence Wing (EOW).
Amit Mukherjee, vice-president at National Spot Exchange limited's (NSEl) business development department, was called for questioning and subsequently placed under arrest for his role in the scam, Additional Police Commissioner (EOW) Rajvardhan Sinha said.
The first arrest came a day after the investigators “briefly” recorded the statement of Jignesh Shah, Chairman and Managing Director of Financial Technologies(FT) that promotes the NSEl, along with other directors Joseph Massey, Shreekant Javalgekar and Dewang Neralla.
Suspecting large-scale money laundering in the scam that broke out two months ago, the Enforcement Directorate (ED), meanwhile, sought details of the case from Mumbai Police, indicating that the central agency could also initiate a probe into it soon.