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Clear Case Of Criminality In NSEL Case: Shuva Mandal

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September 27: Shuva Mandal of AZB & Partners, who is representing the NSEL Investors Forum, says the government is equating the situation to 'just another default' but this is clearly fraud. The Grant Thornton audit has proven breach of the six preconditions for an exchange, he says, pointing to other incriminating affidavits and auditors qualifying accounts. The concept of exempt products does not mean unregulated, he adds.