According to an ET report, a city sessions court yesterday remanded former CEO of the National Spot Exchange Ltd (NSEL) Anjani Sinha to judicial custody in connection with the ongoing payment scam at the company.

The court also extended police custody of NK Proteins Limited Managing Director Nilesh Patel till November 4.

An FIR was registered in the case on September 30 by Mumbai Police's EOW against top NSEL executives, including Jignesh Shah and Joseph Massey, promoters and defaulters. All of them have been charged with cheating, forgery, breach of trust and criminal conspiracy and other offences under the Indian Penal Code, the report added.

Read the complete report here