Former NSEL CEO Anjani Sinha, two others get bail

Written by PTI | Mumbai | Updated: May 10 2014, 03:25am hrs
The Bombay High Court today granted bail to three accused, including former Chief Executive Officer of National Spot Exchange Ltd Anjani Sinha, in the Rs 5,600-crore payment scam involving the Jignesh Shah-promoted exchange.

NSEL's former Assistant Vice Presidents Amit Mukharji and Jai Bhaukhandi too got bail.

While granting them bail in the sum of Rs 5 lakh each, Justice A R Joshi directed them to attend the office of Mumbai police's Economic Offences Wing every Sunday.

They are not to leave the country without the court's permission.

All the three had been arrested last year.

The EOW had on Wednesday arrested Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the exchange Shreekant Javalgekar.

NSEL, an FTIL group company, faced a Rs 5,600-crore payment crisis last year, in which nearly 18,000 of its investors lost their money.