Jhunjhunwala picked up 10 lakh shares of MCX on an average price of Rs 664 apiece, data showed. This values the transaction at Rs 66.4 crore.

Multi-Commodity Exchange of India (MCX) said one of its investors, state-run Bank of Baroda, has sold its entire stake in the troubled bourse.

However, the designated Maharashtra Protection of Interest of Depositors Act court judge DP Surana granted bail to Shah's aide and former chief executive of MCX, Shreekant Javalgekar.

Crisis-hit NSEL said investors who traded in e-series contracts in metals like gold and silver have so far redeemed Rs 237 crore.

\"Out of 24 defaulters, only two members have paid fully, while the rest 22 members are still defaulting on payment. So, we have written to chief ministers of six states seeking their intervention in recovering money,\" NSEL CEO Saji Cherian said.

To help 33,000 investors redeem metals worth Rs 525 crore stuck in e-series contracts, commodity markets regulator FMC had asked National Spot Exchange to begin rematerialisation of its e-series gold contracts.

Crisis-ridden National Spot Exchange Ltd (NSEL) accused its former CEO Anjani Sinha of trying to influence the investigation and judicial proceedings in alleged irregularities in the bourse by giving media statements.

Sinha was examined by a CBI team Wednesday evening in Mumbai during which he explained his reasons for granting licence to MCX-SX for operating as a full-fledged stock exchange.

\"The onus of detecting fraud lies with internal auditors, company board, audit committee and external auditors,\" says Y.H. Malegam, a former president of the ICAI. \"It is wrong to put the entire onus on an external auditor,\" he says.

The Bombay High Court on Friday granted bail to three accused, including former Chief Executive Officer of National Spot Exchange Ltd Anjani Sinha, in the Rs 5,600-crore payment scam involving the Jignesh Shah-promoted exchange.

MCX stocks lost 9.38 per cent to Rs 483.55 at the BSE while shares of FTIL tanked 5 per cent to Rs 276.70-its lower trading permissible limit for the day.

Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.

High-end vehicles, posh villas and flats, expensive plots, shares in beach-side hotels and vast tracts of agricultural land are some of the purchases made by the accused of the multi-crore payment scam in National Spot Exchange Limited (NSEL) through money laundering.

Financial Technologies India Limited (FTIL) was on Friday unable to finalise bidders for sale of its 24 per cent stake in Multi Commodity Exchange (MCX) and said its board will meet again on May 10.

Manoj Vaish has resigned as Managing Director and Chief Executive Officer of the country's leading commodity exchange MCX exactly three months after joining the bourse, citing health reasons.

Crisis-hit FTIL said it has received non-binding bids from 9 top corporates for buying its 24 per cent stake in MCX, and would shortlist the bidders by April 25.

Besides, crisis-hit FTIL's excess holdings would get transferred to an escrow account if they fail to bring down the stake from 26 per cent to 2 per cent within the prescribed time.

The Securities and Exchange Board of India (Sebi) order comes at a time when the MCX-SX is under the scanner of CBI for alleged irregularities in granting of licence to it in 2008 as well as subsequent renewals.

Hinting at certain revelations from his side in days to come, Bhave also accused CBI of indulging in \"pick and choose\" while registering an Preliminary Enquiry against him and Sebi's another former senior official in Shah-related matters.

The resignation came hours ahead of a scheduled board meeting of MCX-SX, where former LIC Chairman Thomas Mathew T has taken over as new Chairman.