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The Economic Offences Wing (EoW) of the Mumbai police has attached the immovable assets of Financial Technologies India Ltd (FTIL), promoter of the scam-tainted National Spot Exchange Ltd (NSEL), to recover investor dues worth ₹5,600 crore.
Reacting to the development, FTIL, in a statement said: “We have received a letter from EoW on Tuesday securing assets of FTIL. 63 moons (the new name of FTIL) is a listed company having over 63,000 shareholders and over 1,000 employees. We will take all legal remedies to protect their interest. There is no legal basis for the said action and we will be moving court soon on the said letter.”
The EoW’s decision to attach assets will not impact the day-to-day functioning of the company as it does not include bank accounts, said sources.
The EoW has so far attached assets worth about ₹5,000 crore of the NSEL’s defaulting trading members.
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