NSEL Defaulter White Water Foods

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 entities who are investigated by investigating agencies.

Haryana based NSEL Defaulter Mohit Dewan, Managing director of White Water Pvt. Ltd also involved in the Rs.5, 600 crore. Crisis and the defaulted outstanding amount is 84.82 crore

NSEL Defaulter White Water informed the HCC that they had not received any notices concerning the meetings of the committee post 28thApril, 2015 when the HCC had adjourned the matter. They further submitted that after the order was passed, they did not receive any notices regarding the meetings of the HCC. The Advocate asked for an adjournment.

There are other defaulters like Namdhari Group 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.