Something Seriously Amiss In NSEL Saga: Nirmal Jain
  • Saba Ashraf
  • Aug 14 2013

August 14: When the NSEL news first came out, brokers said things seemed under control, but what prompted the outburst yesterday evening? India Infoline Chairman Nirmal Jain says, “Some investors have found out that stocks were lower than reported and many borrowers have lower net worth than their outstanding debt. Moreover, money collected was not disclosed on NSEL website.” If Jignesh Shah loses investor trust it will be the end of the game for him, he adds.