MSX says not linked to FTIL, NSEL and their promoters anymore

NEW DELHI: Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, today said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.

The clarification follows a report about the Enforcement Directorate (ED) filing a charge-sheet in the National Spot Exchange Ltd (NSEL) scam case against FTIL founder Jignesh Shah, former NSEL CEO Anjani Sinha and MCX-SX's former chief Joseph Massey, among others.

The report had mentioned Massey as Managing Director of MCX-SX.

Metropolitan Stock Exchange (MSX) said that Massey had resigned way back in 2013 and Saurabh Sarkar is its current MD and CEO.

"Further, the exchange is no way linked to Financial Technologies, NSEL and its promoters. We are a separate and idependent entity," the exchange said in a statement.