You are here: Home » Markets » News
Business Standard

EOW to file first NSEL chargesheet by Dec 31

The department will also summon and question brokers, as they have been mentioned in the FIR; it is still looking at FTIL's books

BS Reporter  |  Mumbai 

The Economic Offences Wing (EOW) of Mumbai Police has said that it will file the first chargesheet by December 31 in the National Spot Exchange (NSEL) case. The first chargesheet will be filed within 90 days of the first arrest. The EOW will summon and question brokers as well, as they are mentioned in the FIR. The EOW is currently looking into the books of Financial Technologies and borrowers.

“We will be investigating brokers’ books of accounts as well. Currently, we are still busy looking into the account books of FTIL and borrowers,” said a senior EOW official.

The EOW will also allow Mohan India to sell sugar stock worth Rs 90 crore in the presence of an EOW official and the money from the auction will be directed to an escrow account.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, December 06 2013. 23:22 IST
RECOMMENDED FOR YOU
.