has also invested the money in various bank accounts. The very purpose was to splurge money in non-productive areas, which show that he had no intention of returning the money,” said the officer.
Meanwhile, former managing director of MCX Stock Exchange, Joseph Massey, was also questioned by the EOW on Monday.
Officials said that he was quizzed in connection with the discrepancies in the minutes of the NSEL’s board meetings.
“We have found that Massey was not even in Mumbai when some board meetings were conducted, and still his signature was seen on minutes of the meetings,” said an officer.