Mumbai: The Mumbai Police today filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.
The voluminous charge sheet included the list of attached properties of the arrested and wanted accused, frozen bank account details, information of physical stock available in the warehouses, statements of 297 witnesses, said Joint Police Commissioner (Crime) Himanshu Roy.
The charge sheet, however did not mention the names of the wanted accused.
“The probe in the case is not yet over. Some more charge sheets will follow in the later stage. One should not feel that we have given anybody a clean chit just because their names did not appear in the first charge sheet,” Roy said
“Jignesh Shah (Promoter and director of the NSEL) is an accused in the case and fully involved in the scam and his name is also there in the FIR,” the IPS officer said responding to a query.
The charge sheet has also thrown a light on the modus operandi of the crime, how management was hand-in-glove with the defaulters, how certain borrowing companies appointed dummy directors, manipulation of books by various companies, Roy added.
