Jignesh Shah goes free again

GOVERNANCE
scam nsel

The Bombay High Court recently granted Jignesh Shah bail after 107 days in jail in the Rs. 5,600-crore National Spot Exchange Limited (NSEL) scam. Justice AM Thipsay said in his order: “I am granting him bail… since there is no possibility of him absconding.” This has raised eyebrows. All agree that the Rs. 5,600-crore crime was committed. The only debate is whether the court should have accepted the Economic Offences Wing (EOW) chargesheet which clearly spelt out that Shah was deeply involved in the fraud.
http://gfilesindia.com/frmArticleDetails.aspx?id=1030&Name=Jignesh%20Shah%20goes%20free%20again

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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