ARK Imports the NSEL Defaulter

In the year 2013 when National Spot Exchange Limited crisis came into light the parent company FTIL is blamed. But the defaulters who are actually responsible for all the money laundering are roaming scot-free. Defaulter AasthaMinmet, ARK Imports, White Water are some of the defaulters who are investigated by investigating agencies.

ARK Imports is the Punjab based company. The fourth-biggest defaulter ARK Imports owes Rs 719.21 crore to the National Spot Exchange. ARK Imports led by Kailash Aggarwal and Anubhav Aggarwal. Amongst them Kailash Aggarwal was arrested on 11 Aug 2014 but released on 11 Sep the same year. Anubhav Aggarwal is absconding.

NSEL recovery group is working hard for the recovery of defaulted money from all of the defaulters & giving it back to the investors. Due to the continuous efforts of the recovery group they are successful in obtaining decrees for the assets of NSEL defaulters. They are successful for getting decrees for the assets of ARK Imports worth Rs.719 crore.

There are other defaulters like ARK Imports who are spending their lives on the defaulted money of NSEL investors. Enforcement Directorate is considering freezing assets of some other defaulters for the recovery of NSEL money.