Since the National Spot Exchange Limited crisis came
into light the parent company FTIL is taking up blame. But the defaulters who
are actually responsible for all the money laundering are roaming scot-free. Defaulter
AasthaMinmet, Yathuri Associates, Namdhari Foods, White Water are some of the
defaulters who are investigated by investigating agencies.
The fifth-biggest defaulter P.D. Agro owes Rs 673.85 crore to
the National Spot Exchange. P.D. agro led by Surendra Gupta and his wife
Sheetal Gupta. Both of them were arrested but released on bail.
P.D. Agro requested stay of proceedings due to the appeal
pending in the High Court and submitted that the appeal is likely to be listed
on 13th October 2015. NSEL submitted that PD Agro had not taken any steps for
getting their appeals listed and have only been applying for adjournments. It
was pointed out that 8 adjournments have been given to P.D. Agro.
NSEL further argued that in absence of stay from the High
Court, HCC should recommend the High Court to issue directions to appear before
the HCC. NSEL has filed affidavit for crystallization of liability and copy of
the same is to be served upon the advocate on record for PD Agro.
There are other defaulters like P.D. Agro 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.
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