Monday 29 August 2016

Yathuri Associates - one of the Defaulters in NSEL

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.

Yathuri Associates is one of the biggest NSEL Defaulter with defaulted amount of 399.60 Cr. Gagan Suri is the proprietor of  Yathuri Associates. Apart from that 264.96 Cr. Worth decrees are obtained with the help of NSEL recovery group.

In the earlier court meetings it was seen that no one was present on behalf Yathuri Associates. The Hon’ble Committee detected that MrGaganSuri was not co-operating with the ongoing proceedings. NSEL was directed to file their Affidavit for determination of liability, the same was filed. 
There are other defaulters like Yathuri Associates  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.


1 comment:

  1. ABans Commodity India Pvt Ltd (ACIPL), Founded by Mr. Abhishek Bansal is a SEBI registered Co, ABans Group of Companies, Comprises of companies having businesses like commodity trading, futures trading, gold futures and futures market, operating on platforms like BSEL, MCX, NSEL and more, which constitute the Indian share market.

    NSEL

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