CBI didn't find any incriminating material against Jignesh Shah: 63 Moons

ANI | Updated: Mar 23, 2018 20:06 IST

New Delhi [India], Mar. 23 (ANI): The Central Bureau of Investigation (CBI) registered a case against 63 Moons' former chairman Jignesh Shah, in the launch of Multi Commodity Exchange (MCX). The company in response released a statement pertaining to the development.

During the search at Jignesh Shah's residence today morning, CBI did not find any single incriminating material and/or document, a company spokesperson said.

The search by the CBI on Friday was in connection with the matter of permission granted to the MCX in 2003, the company spokesperson said.

We find this surprising because the permission was granted 15 years ago when the country did not have a pan-India commodity exchange.

The permission to set up nationwide commodity exchange was not only granted to MCX but was also granted to three other entities - NCDEX, NMCE and N-BOT.

Thereafter, 63 moons (then known as Financial Technologies (India) Limited) took MCX to the level of being the number one commodity exchange in India and number three in the world.

We have already been forced to exit MCX in 2014 and all the documents related to the permission are obviously with MCX.

Despite this, the search is being conducted on us and our Chairman Emeritus.

The agencies are being misled by vested interests and trying to divert the attention from the truth getting established and prejudice the minds of investigating agencies and ongoing judicial matters.

However, we have full faith in the judiciary and continue to believe that ultimately truth shall prevail. (ANI)

iocl