January 18, 2019 11:40 pm
The NSEL scam refers to the payment crisis driven by the physical absence of the commodities against the invested money. As many as 13,000 investors have claimed losses after the trading platform faced a payment crisis, forcing the government to order its shuttering.
November 01, 2018 5:34 am
The account was frozen by the Economic Offences Wing (EOW) in connection with National Spot Exchange Limited (NSEL) scam.
November 01, 2018 5:33 am
“After following due process, Rs 30 crore is free from any encumbrances and will now be disposed by the competent authority among the investor on pro-rata basis,” said an official, who spoke on the condition of anonymity.
October 15, 2015 1:36 am
The EOW had registered an FIR in connection with the alleged scam on September 30, 2013, under various sections of the Indian Penal Code.
February 05, 2015 1:05 am
Sources added that another proposal sent by the EOW last year was also discussed during the same meetings with the CMO.
August 05, 2014 1:41 am
Rajvardhan Sinha added that the EOW had thus far recovered over Rs 5,200 crore from the accused.
August 02, 2014 10:59 pm
The NSEL scam that involves closed to 13,000 investors including many HNIs, came into light last year.
June 13, 2014 12:50 am
The exchanges should ensure that one independent director will be part of the selection committee and the meetings of such committee at all times, it said.
December 30, 2013 3:42 pm
Mumbai-based Chokshi & Chokshi is conducting forensic audit of NSEL's e-series contracts.
December 27, 2013 12:29 pm
Multi Commodity Exchange,Financial Technologies share prices plunge after promoters asked to slash stake in former.