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NSEL FIASCO
Jignesh Shah blames Chidambaram, babus for his woesJignesh Shah said the Sebi order against the 13 individuals on August 2 was “unfounded“.- Sebi order: Jignesh Shah says no violations; alleges conspiracyShah had served as Chairman and Managing Director of FTIL at the time when the alleged insider trading happened.
- Like shares, hold commodities in demat soonCentral Depository Services (CDSL) is set to launch the country's first demat facility for commodity markets.
- Overseas properties of NSEL defaulters under ED lensED sources say that the relevant people being summoned were "very much part of the scene in either 63 moons or NSEL in 2010-11..."
- NSEL scam: Suspicion mounts on brokers routing black moneyThere are also complaints against some brokers that they created fake ledger accounts in the name of their clients without their knowledge,...
- Valuation of exchange relies on its regulatory prowess: Ashish Kumar Chouhan, BSE"We are not issuing new shares. It is offer for sale by existing investors and BSE has 8,000 shareholders."
- NSEL Scam: Investor-Broker group files complaint against Jignesh Shahmaterial witness, whose statement has been recorded by the investigating authorities — was instructed by Chaturvedi to make “motivated stat...
- Brokers criticise FTIL's settlement plan as 'unilateral' and 'meaningless'Brokers have criticised FTIL’s proposal to immediately settle the claims of small and midsized investors as “unilateral” and “meaningless.
- NSEL issue: Cyril Shroff met Jayant Sinha with settlement plan for small investorsThe proposal comes days ahead of the Company Law Board Delhi slated to hear a government petition to supersede the board of FTIL.
- Police look at NSEL trades of little-known property developerThe name of Naresh Raval, who’s behind the eponymous group, cropped up during a special court hearing last week in connection with the arre...
- NSEL fraud: Government mulls revamp of FTIL boardAs it tries to recover investors' money in Rs 5,600-crore NSEL fraud, the government is considering a proposal to revamp the board of the c...
- Financial Technologies may have to absorb over Rs 5,200 crore NSEL liabilitiesFinancial Technologies would take over all the liabilities of National Spot Exchange Ltd including payments due to be paid to investors and...
- FTIL contests CBI charges related to setting up of MCX-SXFinancial Technologies today contested CBI charges that it had violated Sebi norms by entering into a buy back arrangement with a nationali...
- Police arrests seven more from six defaulting companies in the NSEL scamThe arrests, all of which were made in Mumbai, came three months after Jignesh Shah, alleged mastermind of the scam according to the police...
- Vote on account 2014: A lot has changed with launch of commodities futuresWith the help of live prices, trading in commodities has become a lot easier. Savvy investors have commodities as a part of their diversifi...
- Commexes turnover dive 60 pc to Rs 2.84 lakh crore in first fortnight of OctoberCommexes turnover nosedived by 60 per cent to Rs 2.84 lakh crore during the first fortnight of October, according to FMC.
- Implicit trust in financial institutions can be riskyFor some unfathomable reason, the NSEL fiasco seems to have received less attention than its size and brazenness would lead one to expect.
- E&Y may be roped in the NSEL probe over a warehouse report, firm says it had flagged risksMany investors perceive the fraud perpetrated by borrowers and the exchange authorities could have been averted if the warehouses were regu...
- We have a limited role to play in NSEL crisis: FMC Chairman Ramesh Abhishek'We have pointed out to NSEL and their promoters that if they do not meet their obligations, their 'fit and proper' status will be under do...
- After NSEL crisis, there is a way to fix commodity spotsWhile some assets are traded and settled through 21st-century procedures, at least in one other asset class, the trade plumbing is antiquat...
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