NSEL crisis: Mohan India agrees to pay R771 crore in one year

However,both Mohan India and NSEL did not disclose the payment details. We are in the dark about the source and other terms of the funding. We dont know whether they will really make the payment. Earlier Mohan India and other members had defaulted on payments, said an investor.

Meanwhile,in a briefing on Wednesday,Mumbai Police said the defaulting firms have been given a deadline to present themselves after which action would be initiated against them. So far,only Nilesh Patel,MD of NK Proteins,the biggest defaulter on the exchange,has turned himself in. The police is set to ask for further custody of NSEL MD Anjani Sinha and Patel.

According to the EOW,until now only the directors of PD Agroprocessing have come forward. They did not bring any documents to explain their role in the conspiracy so we havent been able to interrogate them, said Balsing Rajput,Deputy Commissioner of Police,EOW.

Rajput said the assets of all the accused had been attached and are being scrutinised. We will look for which of these has been procured from crime proceeds and which are legitimate. If they have been acquired after 2009 or after joining the NSEL,they will be under suspicion, he said.