HomeEducation Education Financial Scams in India: #7  NSEL Scam Financial Scams in India: #7 NSEL Scam

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Financial Scams in India: #7  NSEL Scam

Financial Scams in India: #7 NSEL Scam

Saturday, April 29, 2017, 4:03 PM
Money from investors was siphoned off as most of the underlying commodities did not exist and the buying and the selling of commodities was being only conducted on paper. Investors were attracted by offering fixed returns on paired contracts in commodities. Then it was found out the stocks were missing. The NSEL is a company promoted by Financial Technologies India Ltd and the NAFE.
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