Claims that Sanjay Shah is director at some group companies; no other link.
Edelweiss
on Sunday said its group entities do not have any relationship with
Capstone
Forex, which is being probed by the Enforcement Directorate (ED)
for an alleged multi-crore forex violation.
The
firm also said Sanjay Nathalal Shah, independent director on some
group firms, who is under scanner for alleged connection with
Capstone, has no other relationship with the group.
Rashesh
Shah, chairman and chief executive, Edelweiss
Financial Services group, said all allegations of the Foreign
Exchange Management Act (FEMA) violations were false.
“Sanjay
Nathalal Shah has no other association with the Edelweiss group. Nor
is he in any way related to me. Shah is a common name,” Shah added.
The
regulators and agencies have an obligation to investigate. “If any
information is sought from us, as a responsible corporate house, we
will, of course, provide the same,” Edelweiss said in a statement.
Shah
has been asked to appear on January 13. Shah was earlier called to
join the investigation on January 9.
However,
he is learnt to have sought some time due to personal engagements.
The information about the case first surfaced after a whistle-blower
wrote a letter to the government agencies.
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