Brief: 63 Moons Technologies Says CBI Conducted Search In Connection With Matter Of Permission Granted To MCX

63 Moons Technologies

23/03/2018 11:48

March 23 (Reuters) - 63 Moons Technologies Ltd  63MO.NS :
    * SAYS SEARCH BY CBI TODAY WAS IN CONNECTION WITH MATTER OF
PERMISSION GRANTED TO MCX IN 2003
    * DURING SEARCH AT JIGNESH SHAH'S RESIDENCE, CBI DID NOT
FIND ANY
SINGLE INCRIMINATING MATERIAL AND/OR DOCUMENT
    * SAYS "‍WE HAVE ALREADY BEEN FORCED TO EXIT MCX IN 2014"; 
ALL
DOCUMENTS RELATED TO PERMISSION ARE WITH MCX
    * FIND RAID "SURPRISING"; MCX PERMISSION WAS GRANTED 15
YEARS AGO
WHEN COUNTRY DID NOT HAVE A PAN-INDIA COMMODITY EXCHANGE

Source text - The search by the CBI today was in connection with
the matter of permission granted to the MCX in 2003. We find
this surprising because the permission was granted 15 years ago
when the country did not have a pan-India commodity exchange.
Further company coverage:  63MO.NS 

 ((Reuters.Briefs@thomsonreuters.com;))