Govt Taking Inappropriate Moral Position On NSEL: AZB & Partners
  • Elizabeth George
  • Sep 27 2013

September 27: Shuva Mandal of AZB & Partners, who is representing the NSEL Investors Forum, says there is clear deception in the exchange’s operation and the government cannot distinguish on the basis of investor net worth. Drawing parallels with earlier cases, he points out that the government reaction is not as sharp as it was in Satyam case. “The Satyam probe had set a benchmark,” he says, adding that the NSEL assets need to be frozen and used for restitution via auction.