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3 more borrowers in settlement talks

BS Reporters  |  Mumbai 

NSEL Investors protest

Three large of the beleaguered National Spot Exchange Ltd (NSEL)-(dues of Rs 644.55 crore), the (Rs 246.67 crore) and (Rs 969.89 crore)- are in settlement talks with the exchange.

The Economic Offences Wing of the Mumbai Police, which is investigating the Rs 5,574-crore payment crisis at the exchange, was in the know of the development, said an official. The Mumbai Police said representatives of these continued to be interrogated.


On Thursday, the summoned broker Nirmal Bang Commodities for interrogation. The next set of brokers summoned by comprises Geojit Comtrade and Systematix Commodities. Police scrutiny of data from servers was underway, the official said.

A police official said the had submitted a list of assets frozen in the case to the collector, the first step towards securing court permission to auction those properties.

First Published: Thu, January 16 2014. 22:30 IST
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