Mumbai EOW Cracks The Whip On NSEL Mess
  • Elizabeth George
  • Sep 30 2013

September 30: The Mumbai EOW is conducting raids at the residences of Jignesh Shah and Joseph Massey as well as at the premises of NSEL promoters, some stock brokers and borrowers. The raids will be conducted in 52 locations and 184 places across 16 Indian states. An FIR has been registered against Jignesh Shah, Joseph Massey, the NSEL board and all NSEL defaulters for criminal breach of trust, misappropriation of funds, criminal conspiracy, cheating and forgery.