NSEL Investor Forum writes to EOW, says FTIL has overstated A/cs

NSEL Investors Group has made serious allegations against FTIL, alleging the company has over stated its accounts. 

In a letter to the Economic Offences Wing (EOW) of the Mumbai police, NSEL has raised a series of allegations asking EOW to look into FTIL's statements, as per sources.

CNBC-TV18's Yash Jain -- who has a copy of the letter -- reports that NSEL has alleged that FTIL only disclosed payable expense and did not mention inward cashflows.

NSEL also said that it suspects that several key officials were paid under the head of consultancy and many are being shown as employees/under contract to camouflage payments.Watch video for more.