Amit Mukherjee

Surender Gupta, MD of PD Agroprocessors, is the third-biggest defaulter.

EOW begins attachments, borrowers in line of fire

The focus of this offensive is on borrowers, with the first order featuring 20-25 properties. These properties belong, primarily, to ARK one of the 6 main borrowers who account for nearly 70% of the 5600 crore in question.

Jignesh Shah, Joseph Massey bank accounts frozen by EOW

EOW also clarified that the settlement between Mohan India and NSEL will not take the borrower out of the scope of EOW investigations. Mohan India had signed an agreement to settle dues, by paying a sum of Rs 771 crore over the course of one year.

Mohan India to pay Rs 771cr; EOW cracks whip on borrowers

It will be making a down payment of Rs 11 crore initially and pay the remaining amount throughout the year after securitizing land and property. It is likely to securitize 500 acres of land near Bikaner in Rajasthan and 14000 sq yards bungalow in Civil Lines, New Delhi.

Protecting investor interest key in NSEL crisis: Mum Police

Since it is a large and complex investigation, the Mumbai Policy has formed many teams and searched dozens of offices and residences and warehouses across the country, said Himanshu Roy Jt CP, Mumbai Police.

EOW eyes sweeping powers to tackle Jignesh Shah: Srcs

Sources have confirmed that EOW is currently considering the invocation of the Maharashtra Protection of Interest of Depositors Act (MPID Act).

NSEL crisis: EOW arrests Jai Bahukhandi

The EOW is not revealing its cards at this point but the second big arrest in the form of Jai Bahukhandi has taken place. He was the former VP of warehousing and the news comes close to the arrest of Amit Mukherjee, VP of business development at NSEL who has been remanded to police custody until October 18

EOW arrests NSEL's Amit Mukherjee, is Anjani Sinha next?

The NSEL fiasco on Wednesday saw the first arrest with its vice president of business development getting arrested. Sources say Anjani Sinha may also face a similar fate.

58 Investors file complaint against NSEL promoters

In their complaint, the investors say that Jignesh Shah is primarily responsible for the NSEL fiasco and has abused his position. The complaint also makes a strong case that 99 percent of delivery business is fraud, due to the absence of underlying goods and issuance of fake receipts.

NSEL ex-CEO takes blame to save promoters

CNBC-TV18‘s Varinder Bansal reports that former MD and CEO of NSEL, Anjani Sinha filed an affidavit, taking the blame for the NSEL fiasco and accused his senior team for the mess.

Hike in import duty could encourage gold smuggling: NSEL

The hike in import duty on gold from 4 to 6 per cent could encourage its smuggling and other means of illegally getting the precious metal into the country, a National Spot Exchange Ltd (NSEL) executive said here today.