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- Title
HARD HIT INVESTORS: GOVERNANCE LAPSES OF NSEL SCAM.
- Authors
KUMAR, ABHAY; RASTOGI, SHILPA
- Abstract
With increasing stock scams being unearthed in India and with crores of lost money, the investors who are the catalytic agents of economic development unfortunately bear the wrath innumerable times. The new National Spot Exchange Limited (NSEL) scam that involves more than 15000 retail HNI Investors with an investment of Rs. 5600 crore seems to be moving on the same track alike the Harshad Mehta scam and Ketan Parekh scam. After 33 weeks of closure of scam hit spot exchange, only Rs 330 crore has been paid to the investors as on April 6, 2014. In the paper, the authors have made an attempt to study and put forth the happenings of the National Spot Exchange Limited scam.
- Subjects
INDIA; INVESTMENT fraud; INVESTORS; NATIONAL Spot Exchange Ltd.; STOCK exchanges; CRIMINAL methods
- Publication
CLEAR International Journal of Research in Commerce & Management, 2014, Vol 5, Issue 8, p1
- ISSN
2249-4561
- Publication type
Article