Update on #NSEL #Scam of 5500 Crore – 3 Audit Companies face Criminal action for lapses

–> The audit cos of #NSEL and #FTIL involved are facing criminal action for lapses.
–> The Ministry of Corporate affairs has issued a showcause notice under section 628 of the Companies Act.
–> Dr. Kirit Somaiya had provided evidences in the #NSELScam and filed a PIL in Mumbai High Court and is pursuing the case. Dr. Somaiya has demanded repayment of the investors money.

NSEL Clipping - 10 March 2014