Former chief of NSEL Anjani Sinha arrested
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Last Updated: Jan 19, 2021, 07:56 AM IST
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During his questioning, Sinha alleged that Shah approved trading of castor seed, steel, sugar, cotton, mustard seed on long-term contracts, it said. Shah had also introduced new trading commodities, mainly sugar, to deal with assured return schemes, Sinha claimed.
During the course of investigation, it was found that the NSEL platform for spot trading was designed by the management of the exchange with assured return investment schemes, investigators said.
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New Delhi | Mumbai: Anjani Sinha, former CEO and managing director of National Spot Exchange (NSEL), has told Delhi Police that 63 Moons (formerly Financial Technologies India) group chairman emeritus Jignesh Shah was the brain behind the NSEL scam.