SCAM
nsel investigation
Despite the arrest of IIFL Commodities director Chintan Modi,
Anand Rathi Commodities director Amit Rathi, Geofin Comtrade director CP
Krishnan, there are still many defaulters like Jagmohan who are roaming scot
free. Jagmohan used the money to build an empire and is still enjoying the
luxuries of life
Jab ishwar hai saath to dar
kahe ka (When God is with us, why be
afraid). This is the ringtone of the mobile phone of Mohan India promoter
Jagmohan, who is embroiled in the Rs. 6,000-crore National Spot Exchange
Limited (NSEL) scam. It is now almost 21 months since the NSEL scam was
exposed. Unfortunately, there has been no action by the government against
defaulting borrowers, who had taken money from the Exchange and are not
returning it.
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