- Financial Technologies Group sells Singapore arm SMX for $150 mn, Jignesh Shah gets cash to fight NSEL crisisJignesh Shah-promoted Financial Technologies shares surge under Sebi scannerEOW: Deal with investors not to affect criminal proceedingsNSEL scam: RBI says targets Jignesh Shah, says no promoter should control any exchange
Undertakings (PSUs) in claiming LTC. The agency is likely to soon file FIRs in the matter.
The CVC is also looking into complaints of alleged irregularities by some consumer affairs ministry officials in connection with Rs 5,600 crore payment default by National Spot Exchange Ltd. (NSEL).
Commodity exchange NSEL, promoted by Jignesh Shah-led Financial Technologies (India) Ltd (FTIL), is facing multi-agency probe for the payment crisis.
The Commission also went into a complaint of alleged corruption by a BJP MP in Rs 2,058-crore deal between Jet Airways and and Abu Dhabi's Etihad Airways.
The complaint, which was sent to the CVC by BJP MP Nishikant Dubey last month, alleged a serious fraud to cheat the government of India and cause huge loss of revenue of Rs 500 crore to the national exchequer by Jet Airways in collusion with senior officials and higher ups in Ministry of Civil Aviation.
The CVC was regularly monitoring CBI probe into irregularities in coal blocks allocation. The coal blocks were allocated to private companies between 2006 and 2009.
Continuing with its policy of name and shame, the Commission also put details of corrupt officials along with their designations on its website. The CVC has so far this
year recommended punishment to over 700 officials, including some senior level functionaries, for their alleged involvement in corruption.