Friday, November 30, 2018

NSEL Scam : IIFL, Anand Rathi, Geofin, Motilal Oswal, Philip Commodities under Sebi radar

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Sebi is at an ‘advanced stage’ of investigation against five top brokers in the Rs 5,500 crore National Spot Exchange (NSEL) scam. Sebi had issued a show cause notice against them alleging that they are no longer ‘fit and proper’ to function as a registered broker in the commodities market. The five broking firms include Anand Rathi Commodities, India Infoline Commodities, Geofin Comtrade, Motilal Oswal and Philip commodities.

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