ED summons Edelweiss COO in 'pulses price rigging' case

MUMBAI: Probing the alleged manipulation of prices of pulses in 2015, the Enforcement Directorate (ED) has summoned Himanshu Kaji, chief operating officer & executive director, Edelweiss Group.

The agency is probing at least three companies namely — Edelweiss Group, Glencore Group and the ETG Group. Sources told ED that the senior executives of these companies are being called to join the investigation.

These sources added that the ED’s case stems from a report prepared by the Income Tax department which found instances of manipulation of chana contracts in the commodities market Edelweiss refused to comment on the development. The group had shut down its international commodities operations in 2016.


The NBFC had recently run into trouble with the federal agency after its group chairman Rashesh Shah was summoned in connection with a probe into an alleged violation of foreign exchange rules by a city-based firm. Shah was questioned by the ED at the agency’s Ballard Pier office.