On 23 July, The Economic Times reported the exchange had written to Sebi it plans to end business ties with FTIL. The exchange may shut some trading platforms for three months for moving to a new ... MUMBAI: Stock exchanges have decided to bar defaulters, who caused Rs 5,500-crore payment crisis at NSEL, from all trading activities as per direction from markets regulator Sebi in the latest crackdown against such entities. While action has been initiated against nine defaulters so far, more entities would face similar fate if they fail to pay the money owed by them to the National Spot ... The Chandigarh-based LOIL Group, the second-largest defaulter in the ₹5,600-crore NSEL crisis, had obtained an ex-parte “no-coercive action by the Economic Offences Wing (EOW), Mumbai” from ... NEW DELHI: National Spot Exchange Limited (NSEL) may have violated money laundering laws, a report submitted to the finance ministry by the Enforcement Directorate (ED) has indicated.It has also ... NSEL has declared 19 entities as defaulters and initiated default proceedings against them. How far have the investigations on the NSEL crisis proceeded? The NSEL board has sacked its MD and CEO Anjani Sinha along six other heads of departments and filed a complaint against them in the Economic Offences Wing.
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Jignesh Shah describes how FMC has ill motives planned for NSEL. Unlike most crisis situations where the regulatory boards help to track down the money and provide additional aids, FMC’s main ... Ketan Shah - President, NSEL Investor Action Group vents his angst against Jignesh Shah with this rather pointed poem. This heartfelt piece brings to the fore the anguish of 13000 other investors ... Anjani Sinha, Former MD & CEO at NSEL, has been arrested after being questioned by the EOW today and by the Enforcement Directorate yesterday. In his affidavit he had admitted and taken ... A discussion on the Rs. 5600 crore National Spot Exchange Limited (NSEL) scam in India. forex trading platform. financial crises. money rate. rate of exchange. us economic collapse. market crash 2008. banking crisis. credit cards. gold market price.