New Delhi:
CBI conducted searches at nearly nine locations on September 20 constituting the commodity bourse MCX and Jignesh Shah promoted FTIL. The searches were done regarding a case related to granting license to MCX-SX for operating as a private stock exchange; allegedly a clear violation of law.
The searches were spread across the offices of MCX, MCX-SX (now known as Metropolitan Stock Exchange of India Limited) and erstwhile FTIL, sources said. The agency had registered a case in 2014 against FTIL promoter Shah, MCX and FTIL among others for allegedly violating law to get extension to MCX-SX to function as a private stock exchange.
MCX-SX started operations in 2013. The sources said agency had carried out searches after some inputs about material which could act as evidence in the case. They refused to give any further details as the search operation is still going on. Meanwhile, 63 moons (formerly known as FTIL), said in a statement, "pursuant to the applicable regulations of SEBI (LODR), Regulations 2015, please be informed that Central Bureau of Investigation, Economic Offence Wing, Mumbai, is conducting search in connection with FIR...relating to recognition granted by SEBI to MCX-SX (now Metropolitan Stock Exchange of India Limited)."
MCX also gave a statement on BSE, saying the CBI search is going on in respect of recognition granted by SEBI to Metropolitan Stock Exchange of India Limited (formerly known as MCX Stock Exchange Limited) for starting its stock exchange in trading in currency and other segments in respect of case. no. RC 9/E/2014". CBI had filed the FIR in the case against under IPC Sections related to criminal conspiracy and cheating besides provisions of Prevention of Corruption for alleged abuse of official position.
