Zee Media Bureau
Jignesh Shah has resigned as the Managing Director of Financial Technologies India.
He will now become Chairman Emeritus.
Shah, former Chairman and Chief Executive Officer of Financial Technologies India Ltd, is an accused in the NSEL payment crisis case.
The Bombay High Court had on August 22 granted bail to Shah on a bond bond of Rs 5 lakh and a surety of like amount.
He was arrested on May 7 for his alleged involvement in the Rs 5,600 crore payment crisis at subsidiary National Spot Exchange.
The police have charged Shah with criminal conspiracy, breach of trust, cheating and forgery under various sections of the Indian Penal Code, and under certain provisions of the Maharashtra Protection of Interest of Depositors Act.
With agency inputs
