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52 ArticlesNSEL

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NSEL Executives Borrowed from Defaulting Companies

ET notes that NSEL top executives Amit Mukherjee and Kalpesh Shah have “dealings” with one of the biggest defaulters in the NSEL crisis, Mohan India. ...

NSEL E-Series Gold and Silver Audited by Sharp & Tannan, Redemptions Could Be In Cash

A lot of people are worried about what to do with their NSEL e-Series Gold and Silver holdings, which are in demat mode. Should you convert them to delivery? ...

NSEL’s Insider Nexus, Gets Called For Fraud, Serious Media Attention

The 5,500 National Spot Exchange Scam now gets even more mainstream media attention. Here are some links. Outlook comes out guns blazing, firing at Jignesh ...

NSEL Chairman Interview: I Didn't Know

The ex-chairman of NSEL, Shankarlal Guru, meets Zee News for an exclusive. He says he wasn’t aware of irregularities. That some people had told NSEL there ...

NSEL Update: Audit Shows Less Than 20% of Stock, Untraceable Borrowers, Related Parties, Where is the CBI?

The crisis behind the NSEL (National Spot Exchange) is getting more and more murky. The Exchange released client positions behind the 24 members who “owe” ...

NSEL Defaults Again, FT Loans 177 cr. to Pay Back Small Investors

NSEL has defaulted a second time, this time paying out just Rs. 12.60 cr. after last week’s payment of about half of what it should have paid (Rs. 174 cr.) ...

NSEL Losing Support, Directors Resign, A Disappointing EndGame

National Spot Exchange (NSEL) Chairman Shankarlal Guru, whose son-in-law owns NK Proteins, a defaulter of Rs. 930 cr. to NSEL, has resigned saying “some bad ...

NSEL Gets Just 8 Cr., FMC Toughens SGF Norms, Jignesh Proposes Haircut, FT Directors Quit

While NSEL paid out Just Rs. 92 cr. out of the Rs. 174 it was supposed to this Tuesday, it is going to be even worse next Tuesday. NSEL defaulters were ...

Brokers Were Definitely Guilty in NSEL Fiasco Also: Reader

An alert reader of Capital Mind has called me out on my post that brokers could have been innocent. No chance, he says, and he explains: I was reading your ...

NSEL Told To Auction Stocks, Take Punitive Action.

The Forward Markets Commission has rapped NSEL hard once again, in a scathing letter to management. Why was only Rs. 92 cr. paid out? This is way lesser than ...