Angry Brokers Equate NSEL To Satyam
  • Saba Ashraf
  • Aug 14 2013

August 14: In the past 10 days, brokers have lost confidence that the NSEL can repay them or fulfill the fund guarantees. Brokers seek answers from promoter Jignesh Shah as investors stare at a possible default, despite the exchange saying that it is trying to ensure timely settlement of dues. In fact, brokers are also asking the government to take over the exchange, calling it the Satyam of 2013.