A special court in Mumbai has approved the closure of a nearly ten-year-old money laundering investigation involving Multi Commodity Exchange India Ltd, Financial Technologies India Ltd, and their promoter Jignesh Shah. The case was dropped after the enforcement directorate requested closure, citing the absence of a foundational criminal case required for money laundering prosecution. The court referenced a Supreme Court ruling that prohibits money laundering cases from continuing without a predicate offence. The original criminal conspiracy and cheating case, filed in 2014, alleged complex share buyback deals and regulatory violations, but investigators ultimately found no criminal scam. With the closure of the initial investigation, authorities concluded that there were no proceeds of crime to justify further legal action.