These arrests take the count of arrests to a total of 10 out of 24 borrowers.
The Economic Offences Wing of the Mumbai Police has arrested seven borrowers as the NSEL probe gathers pace. Together, these seven borrowers owe more than Rs 1,000 crore.
Officials have been called in from all over the country for regular questioning by the EOW and after a few hours of questioning these seven people have been detained primarily because they felt that custodian interrogation was necessary to obtain more information. There's also the suspicion that the money that had been given to the borrowers by the exchange had been illegally routed to real estate projects.
These arrests take the count of arrests to a total of 10 out of 24 borrowers.
When questioned about the brokers that have been accused and alleged by most of the investors and NSEL themselves, Rajvardhan, the EOW officer simply asked not be be questioned about the brokers for the next one month. So, we might see a little slowdown in the arrests coming up.
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