Nsel Report

• 

  Sebi Bars Commodity Trading By Motilal Oswal, India Infoline In NSEL Case: Report

  SEBI is probing as many as 300 brokers for violation of rules colluding with the National Spot Exchange Ltd (NSEL) to defraud investors.

• 

  Edelweiss, Kotak Securities, JM Financials Figure In National Spot Exchange Scam: Report

  The report says that these brokers were allegedly involved in illegal forward contracts at the NSEL in contravention of the Forward Contract Regulations Act 1952 (FCRA).

• Minority Shareholders Oppose NSEL Merger With Financial Tech: Report

  Some minority shareholders of Financial Technologies India Ltd (FTIL) have raised objections to the proposed merger of the scam-hit National Spot Exchange Ltd (NSEL) with the company.

• NSEL Crisis: Government Mulls Board Changes for Merged Entity, Says Report

  NSEL Crisis: Government Mulls Board Changes for Merged Entity, Says Report

• Accused Firm's Assets Worth Rs 67 Crore Attached Over NSEL Scam: Report

  The Enforcement Directorate (ED) has attached land worth Rs 67 crore in connection with its money laundering probe into the operations of National Spot Exchange Limited (NSEL).

• NSEL Case: 9,000-Page Charge Sheet Filed Against Jignesh Shah, Says Report

  The Economic Offences Wing of Mumbai Policep on Monday filed a 9,000-page supplementary charge sheet against MCX promoter Jignesh Shah arrested in Rs 5,600-crore NSEL scam.

• NSEL Scam: Court Extends Police Custody of Shah, Javalgekar, Says Report

  The Mumbai sessions court on Thursday extended the police custody of Financial Technologies India Ltd (FTIL) and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity bourse Shreekant Javalgekar till May 19.

• 

  Jignesh Shah Told Investigators He is a 'Victim': Report

  Mr Shah, who was arrested for his alleged role in the Rs 5,600-crore NSEL scam by the Economic Offence Wing (EOW) of Mumbai police, appeared shaken after he was informed that he has been placed under arrest. He also repeatedly said that he was not at all in fault, the police said.

• NSEL Scam: Police Focus Now on Brokers, Says Report

  A day after arresting Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah in a Rs 5,600-crore scam at National Spot Exchange Ltd (NSEL), city police have shifted focus to brokers and warned that they would face the same fate if they do not co-operate with the probe.

• SUVs, Posh Villas, Pricey Plots Bought With NSEL Funds: Enforcement Directorate Report

  High-end vehicles, posh villas, expensive plots, shares in beach-side hotels and vast tracts of agricultural land are some of the purchases made by the accused of the multi-crore payment scam in National Spot Exchange Limited (NSEL) through money laundering, according to a report by the Enforcement Directorate (ED).

• MCX paid Rs 709 crore to Financial Tech, group firms: PwC report

  Multi Commodity Exchange (MCX) entered into agreements with related trading parties and paid about Rs 709 crore to erstwhile promoter Financial Technologies India Ltd (FTIL) and group firms without following proper documentation process, according to a special PwC audit report released by the bourse.

• NSEL scam: Liquidator likely to be appointed in a week, says report

  In a relief to investors of the now defunct National Spot Exchange Ltd (NSEL), a special court trying the bourses Rs 5,600-crore payment crisis case, is likely to appoint a liquidator in a week's time, police said on Tuesday.

• Corporate Affairs Ministry to ascertain whether Financial Tech violated norms: report

  The Ministry of Corporate Affairs is looking to ascertain whether Jignesh Shah-led Financial Technologies India Ltd (FTIL) violated laws, especially with respect to carrying out its duties as a holding company, according to sources.

• MCX-SX: Sebi may soon pass order on FTIL's fit and proper criteria, says report

  Sebi may soon pass an order on the 'fit and proper' status of erstwhile promoters of MCX-SX, which is already under CBI scanner for alleged irregularities in grant of licence to the bourse in 2008.

• Pillai questions CBI move against former Sebi officials: report

  Pillai, who was appointed public interest director and chairman of MCX-SX after Sebi ordered a restructuring of its board in the wake of NSEL scam, resigned last week within hours of CBI initiating a Preliminary Enquiry against Sebi's former chairman C B Bhave and former member K M Abraham.