Mumbai : The Managing Director of a top defaulting company linked to the Rs 5,600-crore payment crisis at the now defunct National Spot Exchange Ltd (NSEL) has been arrested, taking the number of those held in the scam to six, reports PTI.

Surender Gupta, MD of PD Agroprocessors who has links with Bollywood, is also Chairman and Promoter of another firm Dunar Foods Ltd, an official of Mumbai Police’s Economic Offences Wing (EOW) said. PD Agroprocessors is the third largest defaulter that owes over Rs 600 crore to the commodity exchange, promoted by Jignesh Shah-led Financial Technologies. “Gupta, in connivance with other NSEL officials, obtained loans without submitting proper plans to return them. He was not forthcoming during investigations. He pumped in the money he raised from NSEL into Dunar Foods,” the officer said.

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