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What is NSEL scam?
Why did NSEL fail to repay 13,000 investors in 2013?
What is SEBI imposed on commodity brokerages for NSEL scam?
What is NSEL chargesheet?
The brokers mis-sold NSEL products to their clients by assuring them fixed returns. The defaulters hypothecated stocks and produced fake warehouse receipts and siphoned the entire default money. [3] [4] Initially, it was projected that there were 13,000 trading clients affected by the NSEL crisis.
Jan 18, 2021 · The NSEL scam shocked every segment of investors in the market when it was unearthed in 2013. Even today, the aftershocks can be felt. Sinha, the former managing director of NSEL, was arrested by...
Dec 7, 2022 · Mumbai: In one of the longest investigations spread over nine years, the city economic offences wing has filed the 11th and final chargesheet against 49 accused, including 33 brokers, in the Rs ...
Nov 30, 2022 · The Securities and Exchange Board of India on Tuesday imposed six- and three- month bans, respectively, on five commodity brokerages from obtaining fresh registrations for their involvement in the National Spot Exchange (NSEL) scam.
The NSEL scam, which came to light in 2013, involves defrauding 13,000 investors of ₹ 5,574 crore after inducing them to trade on the platform, creating forged documents and falsifying accounts,...
Dec 2, 2022 · On November 29, the Securities and Exchange Board of India (Sebi) banned five commodity brokers from obtaining fresh registrations as commodity brokers for their alleged involvement in the National Spot Exchange Ltd (NSEL) scam.
Aug 3, 2023 · The Mumbai police recently filed an affidavit before the Bombay High Court (HC) contesting the trial court decision to make certain directors and promoters of three brokerage entities as accused in the Rs 5,600 crore National Spot Exchange Scam (NSEL).
