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NSEL Scam: Bombay HC panel charges brokers with mis-selling of products

Trade sources do not deny involvement of black money into system

NSEL

With the High Court Committee (HCC) appointed by the Bombay High Court recommending audit of books of leading brokers in the Rs 5,600-crore National Spot Exchange Ltd (NSEL) scam, suspicions are being raised over brokers’ role in commodity trading at the now-defunct spot commodity trading exchange. Trade sources do not deny the involvement of black money into the system. The HCC appointed by the Bombay High Court had last week named eight brokers and seven individual traders on NSEL to audit their books over discrepancies found in the trade data collected from three different ...