NSEL’s Insider Nexus, Gets Called For Fraud, Serious Media Attention

The 5,500 National Spot Exchange Scam now gets even more mainstream media attention. Here are some links. Outlook comes out guns blazing , firing at Jignesh Shah and his political clout. And the way he got “officials” on his side. Complicating matters is the fact that many SEBI and FMC officials now work in MCX; some MCX officials have also found their way into SEBI. In fact, Paul Joseph, who signed the 2007 order exempting NSEL from regulator’s purview, is now a principal advisor with MCX. There was also least interference from the ministry with officials rarely attending NSEL meetings, …

The 5,500 National Spot Exchange Scam now gets even more mainstream media attention. Here are some links. Outlook comes out guns blazing , firing at Jignesh Shah and his political clout. And the way he got “officials” on his side. Complicating matters is the fact that many SEBI and FMC officials now work in MCX; some MCX officials have also found their way into SEBI. In fact, Paul Joseph, who signed the 2007 order exempting NSEL from regulator’s purview, is now a principal advisor with MCX. There was also least interference from the ministry with officials rarely attending NSEL meetings, …

[via Capital Mind]

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