Massive Discrepancies In NSEL Warehouse Stock
  • Saba Ashraf
  • Aug 14 2013

August 14: On Tuesday, India’s top brokers lashed out at NSEL, showing a complete erosion of trust in the group's companies. Major fluctuations in NSEL’s weekly stockpile data raised concerns regarding the ability of those with hundreds of crores in liabilities to pay up. After visiting several NSEL warehouses, Bloomberg TV India’s investigative team found that the commodity stockpiles in warehouses don’t match the weekly data given by the exchange, with little to no movement in stock.