Moneycontrol PRO

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LAMF

LAMF

Mukesh Shah

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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.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347