FMC asks NSEL to liquidate all assets of defaulters
The regulator also asked NSEL to auction defaulters' commodities lying in the accredited warehouses as collateral. The post FMC asks NSEL to liquidate all assets of defaulters appeared first on...
View ArticleNSEL scam throws spotlight on Sharad Pawar’s agri forum
The NSEL scam has drawn attention to the presence of two NSEL directors who are closely associated with Union Agriculture Minister Sharad Pawar as directors on an agri-business forum that was launched...
View Article10 things you should know before the opening bell
Global news: Asian stocks slipped on Tuesday, while Brent crude held near a five-month high after the United States signaled possible military action against the Syrian government over a suspected...
View ArticleNSEL’s third payout: Manages to collect only Rs 80 lakh
The National Spot Exchange (NSEL) could gather only Rs 80 lakh today from its members and clients against the third scheduled payout of Rs 174.72 crore which is due on 4 September. The post NSEL’s...
View ArticleNSEL crisis: EOW gathers ‘crucial evidence’ in probe, raids on
The police teams, which began raiding as many as 193 locations on Monday, including housing premises of NSEL top brass, brokers and defaulters, have completed their processes at 187 places, a senior...
View ArticleNSEL: Police say board was aware of scam, EOW to attach investors’ assets
Although investigations are still in the initial phase, according to CNBC-TV18 sources there was clear indication of mismanagement at the board level. The post NSEL: Police say board was aware of scam,...
View ArticleMCX founder Jignesh Shah resigns from board
MCX is 26 percent owned by Financial Technologies, of which Jignesh Shah is founder, chairman and CEO. The post MCX founder Jignesh Shah resigns from board appeared first on Firstpost.
View ArticleNSEL scam: Police attach 100 properties of defaulters
EOW has invoked the Maharashtra Protection of Interest of Depositors Act in the case, which empowers them to attach immovable assets of the accused. The post NSEL scam: Police attach 100 properties of...
View ArticleSorry Mr Shah, Financial Tech is getting no protection from HC row
FTIL and its promoter have filed a petition in the High Court challenging the recent FMC order which ruled that both were not fit to run any stock exchange in the country and asked for reducing its...
View ArticleNSEL-FTIL merger: Govt will go to any lengths to take on those threatening...
The government's order on Tuesday to merge the scam hit National Spot Exchange with Financial Technologies India's will cause pain to FTIL shareholders, but may still not do much to assuage the pain of...
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