Jignesh Shah, who is embroiled in the Rs 5,600-crore payment imbroglio at NSEl, on Thursday resigned as Non-Executive Vice Chairman of MCX and said this crisis has destroyed “everything” he has worked for all his life. Shah has resigned from the company with immediate effect, MCX said in a BSE filing.
“The NSEl crisis has destroyed everything that I have worked hard to build over past two decades. My loss is not just financial but what has hurt me and my family most is the concerted effort to destroy my credibility and trust for which I have lived by all my life,” Shah said.
The resignation comes weeks after sector regulator FMC issued notice to Shah and Financial Technologies India ltd (FTIl), which is the promoter of MCX, India’s largest commodity exchange, as well as NSEl, to prove them being ‘fit and proper’ to manage the exchange.