Earlier in the day, an ED source had said that the agency has summoned Shah to join the investigation in a foreign exchange case on Thursday.
According to the ED officials, Shah is under the scanner in a Rs 2,000 crore forex scam. The case pertains to violation of foreign exchange laws and involves Mumbai-based Capstone Forex Pvte Ltd.
"Shah was summoned to appear on Thursday, but, however, did not turn up for questioning and new summons have been issued against him," the ED official told IANS
Following the news of the summon issued to the Group CEO, the company denied the allegations. Edelweiss, in a statement, said: "We have received a communication from the Enforcement Directorate to appear and provide information about Edelweiss group companies' dealings with a company called Capstone Forex Pvt Ltd.
"We would like to state that none of our companies have any transactions with this company - Capstone Forex Pvt Ltd. We further deny wild and baseless allegations contained in the news items which are apparently attributed to unidentified sources. We are in fact shocked at the spread of unauthenticated allegations and the inference being drawn from it."