Finance Minister P Chidambaram on Monday said the government has taken "swift action" to ensure that the Rs 5,600 crore payment crisis at NSEL does not spill over to other regulated segments of the financial market.
The licensing issues of National Spot Exchange Limited have come under the scanner on CBI which is carrying out an inquiry into alleged violations by the bourse facing multiple probes into financial irregularities.
The other four named in the charge sheet are Amit Mukherjee, former NSEL vice-president (Business Development); Jay Bahukhundi, another ex-assistant vice-president; Nilesh Patel, managing director of NK Proteins Ltd; and Arun Sharma, Lotus Refineries' CMD and a film financier.
"The (NSEL) episode has emphasised the need for ensuring that no single shareholder or a group of shareholders is permitted to dominate the functioning of the exchange or exercise management control," the RBI said in its half-yearly Financial Stability Report released today.
Emphasising that the priority is to protect the interest of investors, Union Minister Sachin Pilot on Friday said all options are available before the government to deal with the NSEL crisis and its fall out.
Government is monitoring the progress of follow-up action in the case regarding National Spot Exchange Limited (NSEL) payment crisis on the basis of report submitted by a special team, Parliament was informed Friday.