Mumbai police investigating Ketan Shah's complaint about NSEL server

MUMBAI: The office of the Joint Commissioner of Police (Economic Offences WIng) of Mumbai police is investigating NSEL investor Ketan Shah's complaint against the wing of allegedly misleading the Maharashtra Protection of Investors Deposits (MPID) Court about the NSEL server.

The IO in the case in an affidavit to the court has said that the NSEL e-mail server had been sent to the Forensic lab at Kalina, Mumbai shortly after the exchange became dysfunctional in July 2013 after 24 counter parties failed to settle obligations running into Rs 5,600 crore to 13,000 investors.

Shah in his complaint to Pravin Salunkhe, who heads EOW, has cited the then additional CP (EOW) Rajvardhan as having said the server was sent to Bangalore for data retrieval because of a crash shortly after the scam.

Investors allege that vital communication between the top brass of NSEL and its parent FTIL in the run up to the scam was lost because of the "server crash."