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Bombay HC grants bail to Jignesh Shah in NSEL case

Shah spent more than a hundred days behind bars as a prime accused

The Bombay High Court on Friday granted bail to  Jignesh Shah, the Financial Technologies chairman and one of the prime accused in the National Spot Exchange Ltd (NSEL) scam.

Shah has reportedly already spent more than a hundred days behind bars as an accused.

ALSO READ: Criminal connivance by Jignesh Shah: EOW

The Economic Offences Wing (EOW) of Mumbai Police that has been investigating the Rs 5,574 crore scam had made Shah as one of the accused in the mult-crore scam after several rounds of questioning over a period of time.

Shah as well as other accused have been booked under Maharashtra Protection of Interests of Depositors (MPID) Act and a case was filed with the MPID Court.

More details are awaited. 

ALSO READ: Bombay High Court puts off Jignesh Shah bail hearing till Aug 5

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