Jignesh Shah, Joseph Massey to be called in again for interrogation: EOW

Prime Zone's CMD Ranjeev Agarwal was earlier CFO of PD Agro Processors, which was one of the borrowers with Rs 617 cr

Jignesh Shah, promoter of Financial Technologies and Joseph Massey, former director of NSEL will be called in again for by Economic Offences Wing (EOW) of Mumbai Police which is investigating the National Spot Exchange Ltd scam.

EOW have also found out that Anjani Sinha, ex MD of NSEL, Amit Mukherjee and Maneesh Pandey, two former employees of at the spot exchange have invested Rs 34 crore in property in Prime Zone Developers Karnal project.

Prime Zone's chairman and managing director, Ranjeev Agarwal was earlier the the chief financial officer of PD Agro Processors Pvt Ltd. PD Agro also one of the borrowers with Rs 617 crore.

Swastik Overseas Corp and Mohan India have invested Rs 4 crore and Rs 10 crore respectively in Prime Zone's Karnal property but EOW is checking if these investments have been made at the behest of  Anjani Sinha.

“There is also a possibility that other borrowers have also invested in Prime Zone and still continue to check their book of accounts,” said a senior EOW official.

EOW has also completed the attachment of 166 properties of various defaulters and is still in the process of identifying more properties in regards to the Rs 5,774 crore NSEL default case.

Out of the 166 properties 12 properties belong to NK Proteins director Nilesh Patel, who is the largest borrower with Rs 970 crore.

So far EOW has arrested five persons -- Anjani Sinha; Nilesh Patel, Managing Director of NK Proteins (a defaulting firm), and Amit Mukherjee and Jay Bahukhundi (mid-level executive of the bourse and Arun Sharma, chairman of Lotus Refineries.