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2012 Red Flag On NSEL Ignored


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September 12: Even as government probes the NSEL mess, the first red flag was raised as far back as April last year when the Consumer Affairs Ministry sent a show-cause notice based on FMC concerns. But even after authorities stepped in, it's taken them weeks to acknowledge that NSEL's data doesn't match its warehouse stocks. This segment presents Bloomberg TV India special investigation last month on warehouse data discrepancies and reviews issues raised in the show-cause notice.