MCX promoter Jignesh Shah, held in the Rs 5,000 crore NSEl scam, has filed a petition in the Bombay High Court challenging an order of a special court refusing to grant him bail.
The designated judge of Maharashtra Prevention of Investors Deposits Act Court D P Surana, had on June 24 rejected Shah’s bail on the ground that investigation is still on and that if Shah was released on bail, it is likely that he may tamper with evidence or hamper probe.