EOW’s Endeavor for Forensic Auditors in the NSEL Crisis Case

EOW struggles for Forensic Auditors to crack down NSEL crisis case.

1. EOW’s Endeavor for Forensic Auditors in the NSEL Crisis Case

2. National Spot Exchange Limited (NSEL) crisis came to light on 31 st July 2013 E xchange was forced to suspend all of its trading contracts Regulatory body, Investigation Agencies & NSEL had declared 24 members as NSEL Defaulters Introduction

3. Economic Offences Wing (EOW) of Mumbai Police is investigating the NSEL crisis case of Rs.5600 cr EOW had written for the third time to the Home Department demanding the appointment of Forensic Auditors for the case As the Forensic Auditors are must for such cases Forensic Auditors' fundamental job will be connecting links to the money trail & finding the flow of money from one place to another Economic offences Wing (EOW)

4. “ We have done our investigation, filed charge sheet & had even made arrests. Since our probe is still on, we are studying the money trail & how the money was siphoned off. The probe on the involvement of brokers is still going ” What Senior Police official said

5. EOW have secured properties belonging to the accused It is estimated that properties are worth over Rs . 5,400 cr Properties worth Rs.3400 cr of Rs.5400 cr have been gazetted for disposal The money form the disposal of properties shall be collected & distributed among the investors Media Reports

6. State govt. has already appointed a Deputy Collector as Competent Authority (CA) Deputy Collector as CA shall disburse all the attached properties But EOW wants a special dedicated CA for the NSEL crisis case A request letter to the Home Department has already been sent by EOW EOW wants dedicated CA

7. THANK YOU