Court remands Jignesh Shah to police custody till September 26

SEBI gave extension to MCX--SX in 2009 and 2010.

Court remands Jignesh Shah to police custody till September 26
A CBI designated court on Wednesday remanded Jignesh Shah, founder of FTIL group, to police custody till September 26.

CBI arrested Shah on September 20 for his alleged role in getting extension of approval from SEBI for MCX --SX to offer currency futures platform without conforming to regulatory rules on ownership of stock exchange. SEBI gave extension to MCX--SX in 2009 and 2010.
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