The EOW has contended that in the last ten years they have filed 11 chargesheets in the case against 220 accused who are companies, its concerned directors, employees, individuals etc and those who have been left out were for the want of evidence. They further argued that merely being signatory or owning shares does not prove criminal charges, “ as there is no mens rea or common intention for conspiracy”.
A special court in Mumbai has issued process against directors and promoters of India Infoline Commodities Ltd (IICL), Anand Rathi Commodities Ltd (ARCL), and Geojit Comtrade Ltd (GCL) in the 2013.
the promoter of IICL, and Mr. Manish Gupta - the director of Geojit Comtrade Ltd, have also been made accused in the NSEL case by the Hon ble Court. Earlier in 2018, the Economic. | May 20, 2023
The National Spot Exchange Limited (NSEL) on Friday said the Special MPID Court has made India Infoline Commodities Ltd (IICL) Director Nirmal Jain, Anand Rathi Commodities Ltd (ARCL) Director Preeti Gupta and Geojit Comtrade Ltd (GCL) Director .
The economic offences wing (EOW) of Mumbai police has filed its 11th and a final charge sheet in the Rs5600 crore National Spot Exchange Limited (NSEL) fraud case,