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ED to issue fresh summons to Edelweiss Group chairman Rashesh Shah in Rs 2,000 crore forex scam

ED to issue fresh summons to Edelweiss Group chairman Rashesh Shah in Rs 2,000 crore forex scam

ED to issue fresh summons to Edelweiss Group chairman Rashesh Shah in Rs 2,000 crore forex scam
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By CNBC-TV18 Jan 10, 2020 10:03:48 PM IST (Updated)

The Enforcement Directorate will be issuing fresh summons to Edelweiss Group founder and chairman Rashesh Shah in connection with the alleged Rs 2,000-crore forex scam.

The Enforcement Directorate (ED) will be issuing fresh summons to Edelweiss Group founder and chairman Rashesh Shah in connection with the alleged Rs 2,000-crore forex scam, sources privy to the developments told CNBC-TV18.

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The ED had summoned Shah for questioning on January 9. But, he did not turn up for the questioning.
The case pertains to violation of foreign exchange involving Capstone Forex Private Limited, a Mira-Bhayander based firm.
Replying to allegations, Edelweiss Financial Services said it has received a communication from the Enforcement Directorate to appear and provide information about Edelweiss Group companies' dealings with a company called Capstone Forex.
"We would like to state that none of our companies have any transactions with this company - Capstone Forex Pvt Ltd," Edelweiss said in a statement.
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