The Enforcement Directorate (ED) on Monday registered a money laundering case against the board members of crisis-hit National Spot Exchange Ltd (NSEL).

The ED registered the case against NSEL board, including its vice chairman Jignesh Shah and directors, Prevention of Money Laundering Act (PMLA).

Confirming the move, an official from the directorate said, "We have registered a preliminary inquiry into the NSEL scam as we strongly suspect money laundering."

The official added that the ED would initially start with questioning everybody involved in the Rs 5,600-crore scam. Normally, a case is registered if a prima facie evidence suggests that a person or persons involved in the case have committed an offence.

Meanwhile, the Economic Offences Wing (EOW) of Mumbai police has been probing wrongdoings at NSEL that led to the alleged scam.

Last week, the Mumbai Police arrested two top officials of the exchange in connection with the scam. Amit Mukherjee, the former in charge of business development at the exchange, was arrested on Wednesday last week; while a day after, on Thursday, the police arrested the exchange's former assistant vice president Jay Bahukhundi, who will remain in custody of police till October 18.

Source: Top News