NSEL scam

63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

Chidambaram was finance minister when the NSEL crisis came to light in late 2013.

Feb 19, 2019, 10:14 AM IST

Slew of reforms on the cards as Sebi board meets tomorrow

Regulator Sebi's board will meet on Wednesday to discuss the actions taken so far against brokers allegedly involved in the Rs 5,600 crore NSEL scam along with the status of the ongoing probe into the NSE co-location issue.

Jun 20, 2017, 14:49 PM IST

NSEL PMLA case: ED attaches assets worth Rs 414.62 crore

The ED on Wednesday attached assets worth Rs 414.62 crore of a Chandigarh-based firm in connection with its money laundering probe in the Rs 5,600-crore NSEL scam.

Mar 15, 2017, 20:28 PM IST

Sebi unveils reform steps, briefs board on NSE, NSEL matters

Sebi on Saturday announced review of norms governing stock exchanges, commodity derivatives market and reducing the listing time as part of reform measures while the regulator also apprised its board of actions taken in co-location issues related to NSE and the NSEL scam.

Feb 11, 2017, 19:34 PM IST

NSEL scam: Govt orders SFIO probe against FTIL, 18 associate companies

In mounting troubles for Jignesh Shah-led Financial Technologies, the government has directed SFIO to probe the company and its 18 associates with respect to alleged irregularities in the nearly Rs 5,600-crore scam at NSEL.

Nov 01, 2016, 19:17 PM IST

Government to set up special court for all NSEL cases

Government Sunday decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.

Jul 24, 2016, 16:09 PM IST

NSEL scam: Jignesh Shah sent to police custory till July 18

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Jul 13, 2016, 23:39 PM IST

NSEL scam: Jignesh Shah remanded in ED custody till July 18

A court here Wednesday remanded FTIL founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of Enforcement Directorate till July 18.

Jul 13, 2016, 19:35 PM IST

ED arrests Jignesh Shah in connection with NSEL scam

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Jul 13, 2016, 00:13 AM IST

NSEL scam: Sebi to act against defaulting brokers

Sebi has been asked to take necessary action against the defaulting brokers in the nearly Rs 5,600-crore NSEL scam while the Corporate Affairs Ministry and other agencies including the Enforcement Directorate are also investigating the case, the government said on Friday.

Apr 29, 2016, 18:35 PM IST

Govt seeks to restrain FTIL from selling assets

To protect the interest of investors in the nearly Rs 5,600-crore scam at NSEL, the government has moved the Supreme Court seeking a restrain on parent firm Financial Technologies to prevent possible "asset stripping"

Apr 01, 2016, 18:41 PM IST

NSEL investors plan protest at Mumbai police chief office

Investors hit by the scam at National Spot Exchange (NSEL) plan to stage a protest tomorrow outside Police Commissioner's office here to express displeasure over "shortcomings" in the investigations into the Rs 5,600 crore scandal that surfaced in 2013.

May 08, 2015, 21:03 PM IST

Vested interests trying to scuttle proposed settlement: NSEL

Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.

Apr 14, 2015, 22:04 PM IST

NSEL Investors' Action Group alleges "shoddy" probe by police

NSEL Investors' Action Group has alleged "shoddy investigation" by the Mumbai Police in the Rs 5,600 crore NSEL scam and also accused it of protecting the exchange's promoter FTIL and its founder Jignesh Shah.

Apr 13, 2015, 20:21 PM IST

NSEL accuses its brokers of hiding their clients' details

The crippled National Spot Exchange (NSEL) Wednesday accused the brokers of not providing the investor details, and said going by the number of details it got so far the total number of investors who have claimed to have lost money looked bogus.

Mar 18, 2015, 21:52 PM IST

NSEL: ED attaches Rs 278 cr oil factory in Gujarat

Enforcement Directorate (ED) Thursday attached a Gujarat-based castor oil extraction plant worth over Rs 278 crore of an accused firm in the multi-crore rupee NSEL scam under anti-money laundering laws.

Mar 13, 2015, 00:37 AM IST

NSEL scam: court extends Rathi's police custody till March 13

The special court for MPID (Maharashtra Protection Of Interest Of Depositors) Act cases here Saturday extended the police custody of Amit Rathi, managing director of Anand Rathi Commodities, till March 13 in connection with the Rs 5,600-crore scam at National Spot Exchange Ltd.

Mar 07, 2015, 20:41 PM IST

NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested

Three senior officials of commodity brokerages IIFL, Anand Rathi and Geojit Comtrade were arrested Tuesday in connection with the Rs 5,600-crore National Spot Exchange scam.

Mar 03, 2015, 18:04 PM IST

Accused firms traded just on 'paper' to launch NSEL scam: ED

Trading activity at the scam-hit NSEL was just being done on "paper" by accused firms as they allegedly laundered genuine investor funds to not only purchase costly properties but also for advertising expenses and settling personal loans, according to the ED.

Feb 08, 2015, 11:01 AM IST

NSEL scam case: ED attaches assets worth Rs 62 crore

The order, under Prevention of Money Laundering (PMLA) laws, has been issued against the firm Mohan India Private Limted, which includes funds in bank accounts to the tune of Rs 59.53 crore and a land plot in Delhi worth Rs 2.08 crore.

Dec 03, 2014, 22:22 PM IST