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First-ever EOW-administered repaymment to NSEL investors effected

EOW plans repayment of another Rs one bn in next two months

First payment to NSEL investors via EOW
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Rajesh Bhayani Mumbai
Mumbai's Economic Offences Wing administered the first-ever repayment of as much as Rs 300 million to investors of the now defunct National Spot Exchange (NSEL). The EOW is one of several agencies probing the Rs 56-billion default in 2013 to  investors.

There were 26 defaulting entities which, after having borrowed from investors, declared they were unable to repay. Around Rs 5 billion has been given back to the investors since the default but this tranche is the first to be routed through the EOW, which had attached the properties of the defaulters and promoters/directors of NSEL.
According to sources, the

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First Published: Oct 31 2018 | 6:50 PM IST

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