National Spot Exchange mess gets murkier

The National Spot Exchange Ltd (NSEL) imbroglio is getting murkier day by day. Fresh doubts and evidence are gradually surfacing, all of which seem to point in the direction of the culpability of NSEL itself in perpetuating the crisis that has hit spot trading in commodities. The default in the payout of the first instalment of the investors' dues, amounting to a whopping Rs 5,600 crore, is the latest and the most disquieting among them.

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