Mumbai
Updated : Oct 22, 2014, 07:00 AM IST
The Economic Offences Wing (EOW) of the city police, on Tuesday, arrested two top businessman from defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit National Spot Exchange Limited (NSEL).
The arrested are Gagan Suri, one of the directors of Yathuri Associates, and Ranjeev Agarwal, promoter of PD Agro Processors. While Suri was apprehended from Chandigarh, Agarwal was was picked up from Karnal in Haryana.
According to additional commissioner of police, EOW, Rajvardhan Singh, the duo had been dodging questioning by evading summons send by investigators. "The two kept avoiding summons served on them. They were found to be part of the conspiracy which had led to NSEL crisis, and will be produced in court on Wednesday," Singh said.
An EOW officer said the two had initially cooperated with the investigators, but later began ignoring calls from policemen. "In fresh round of questionings, among other things we wanted to know where the accused had parked their money," he added.
It is alleged that Suri's company owes Rs424 crore while Agarwal defaulted paying about Rs644 crore to the beleaguered spot exchange, said Rajvardhan, adding: "The assets of these two companies have already been attached."
In a related development, EOW, probing the Rs5600 crore NSEL scam, has so far attached the movable and immovable assets, worth nearly Rs6,000 crore, of all the accused.
Earlier, EOW sleuths had arrested about 20 people accused in the scam, including spot exchange executives and defaulters. All of them are now out on bail.