MUMBAI: Minutes after Jignesh Shah, founder of the Financial Technologies (FT) Group, claimed in a television interview that he was a "victim" of the NSEL crisis, the Economic Offences Wing (EOW) of the Mumbai police swung into action, conducting searches on the residence and offices of the entrepreneur in connection with the Rs 5,500-crore scam.
The searches were part of nationwide action by EOW Mumbai based on investor complaints against NSEL, its promoter (FT) and defaulters, which include 24 borrowers.
"We have registered a first information report against the promoters and directors of NSEL, certain brokers and chartered accountants who are linked to it," a senior EOW official told ET. "We have conducted search operations at 180 locations in 53 cities across 16 states."
Incidentally, one of the complainants is a subsidiary of Money Matters.
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