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Friday, April 03, 2020

NSEL scam


Ex-chief financial officer Shashidhar Kotian arrested in NSEL scam

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.

Bombay HC allows NK Proteins to withdraw Rs 4.15 cr to pay pending dues to employees

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.

Mumbai: Authorities start distribution of Rs 30 crore to investors

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.

One more held by Mumbai police for multi-crore NSEL scam

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.

EOW urges govt to designate special court for NSEL

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.

NSEL case: 2nd chargesheet filed against Jignesh Shah

August 05, 2014 1:41 am

Rajvardhan Sinha added that the EOW had thus far recovered over Rs 5,200 crore from the accused.

Rs 5,600 crore NSEL scam: Investors demand faster action from government

August 02, 2014 10:59 pm

The NSEL scam that involves closed to 13,000 investors including many HNIs, came into light last year.

FMC revises norms for hiring MDs, expands independent directors’ role

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.

FMC gives more time for auditing crisis-hit NSEL's e-series contracts

December 30, 2013 3:42 pm

Mumbai-based Chokshi & Chokshi is conducting forensic audit of NSEL's e-series contracts.

Multi Commodity Exchange,Financial Technologies share prices plunge 9 pct

December 27, 2013 12:29 pm

Multi Commodity Exchange,Financial Technologies share prices plunge after promoters asked to slash stake in former.