Jignesh Shah bail plea hearing adjourned till tomorrow

He was arrested by the Economic Offences Wing of the Mumbai Police on 7 May in connection with the Rs 5,600-cr NSEL scam

BS Reporter Mumbai
Last Updated : Jun 10 2014 | 7:09 PM IST
Jignesh Shah and Shreekant Javalgekar bail plea hearing has been adjourned till tomorrow and the argument will continue. Today, the public prosecutor said that there is no direct evidence against Shah and Javalgekar. Public prosecutor has made such a statement for the first time which defense council requested court to take the statement on record.

Last week official from economic offense wing investigating NSEL case had said that during the police custody of duo, they have found some information which would lead to a conclusion towards shah’s involvement in the case. NSEL had defaulted in last July to the tune of Rs 5574 crore.

Shah and Javalgekar, were arrested by the Economic Offences Wing of the Mumbai Police on 7 May in connection with the Rs 5,600 crore NSEL scam. Earlier court had ordered shah and Javalgekar to remain in judicial custody till 13 June.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 10 2014 | 7:07 PM IST

Next Story