Millennium Post

9,000-page chargesheet against Shah in NSEL scam

The first charge sheet in the case had been filed against other accused in January this year.

‘The 9,000 pages charge sheet has been filed in the special Maharashtra Protection of Interest of Depositors court and we have annexed the statements of around 250 witnesses besides other documents,’ said an EOW official here.

Shah was arrested by the EOW on 7 May this year. The sessions court rejected his bail application on 24 June and he has now moved the High Court.

Shah came under the scanner of EOW and other agencies last year when National Stock Exchange Ltd (a part of the Financial Technologies group founded by him) faced a payment crisis and nearly 18,000 of its investors allegedly lost millions of rupees.

His defence has been that he was the non-executive director of NSEL and was not involved in day-to-day operations. EOW also submitted a copy of the charge sheet before the Bombay High Court, as per the High Court's direction. The bail application is likely to come up before Justice Abhay Thipsay on Tuesday.
Next Story
Share it