Soon after the attachment of movable and immovable properties of Jignesh Shah, promoter of NSEL and chairman of Financial Technologies India Ltd (FTIL), worth Rs.200 crore, it was expected that Jignesh and few other directors would get arrested by the economic offence wing (EOW) of Mumbai Police soon. But it did not happened since last one week.
Indiatoday.in have got an exclusive inside information from EOW that Jignesh Shah has requested EOW not to arrest for a reason. Top senior police officer told Indiatoday.in, "Jignesh Shah has requested us not to arrest him so that he could make an arrangement of Rs.2000 crore which could be returned to NSEL investors."
This Rs.2000 crore is apart from Rs.3000 crore assets which has been attached by EOW till today. "Jignesh has assured us to give him some time to arrange Rs.2000 crore, and we are considering it," said the officer.
Jignesh has made it clear that if he is arrested by EOW soon, than making arrangement of Rs.2000 crore would be difficult for him later.
Officer confirmed that Jignesh has been given a time period till 15-20 December before the chargesheet in NSEL case is filed. EOW has to file chargesheet in Rs.5,400 crore NSEL payout crisis scam between 25-31st December.
Himanshu Roy, joint commissioner of police (crime) had confirmed earlier that soon after filing chargesheet, liquidation process of attached properties will begin.
However, EOW has made it clear that "if Jignesh Shah did not meet his committment than he is likely to get arrested anytime before his deadline or later".
Till now, EOW has attached 325 bank accounts and around 200 plus properties of 24 defaulters, officials and promoters of NSEL.
Last week, Rajvardhan Sinha, EOW chief went on record saying that he is confident that NSEL's 13000 investors would get their hard earned money back. "Till today, 90 percent money has been recovered," he said.
Since last week, Jignesh Shah and Joseph Massey had visited twice to EOW office to explain how they are working towards resettlement issue and for the recovery of investors money.
Virendrasingh Ghunawat Mumbai, December 10, 2013 | UPDATED 04:39 IST
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