Hidden nexus between NSEL and its defaulting borrowers

On 30 July 2013 Amit Mukherjee promptly sent a mail informing the progress of the loan to Anjani Sinha former chief executive officer (CEO) of National Spot Exchange Ltd (NSEL). It seems strange that Jignesh Shah and other NSEL promoters did not even know of an attempt to procure Rs 4900 crore loan on behalf of the borrowers.