Venkat Chary, Chairman of 63 moons Technologies, formerly Financial Technologies, on Monday said his company will file for damages worth Rs 10, 000 crore against former Finance Minister P. Chidambaram and then Chairman of Forward Markets Commission, Ramesh Abhishek, and former Additional Secretary for Finance K. P. Krishnan.
The company on Monday served notices to the three individuals, Chary said.
He noted that the company believes they played proactive roles in perpetrating the crisis, destroying the exchange ecosystem to favour the competitor - - National Stock Exchange (NSE) - - which resulted in huge losses to shareholders of 63 moons Technologies and loss of employment.
"The company has decided to file damage suits of Rs 10, 000 crore against P. Chidambaram and others, in their individual capacities for taking mala fide actions against 63 moons by abusing their powers.
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