The incredulity in the NSEL scam never ceases to amaze. Latest is that the ex-CEO Anjani Sinha tells a judge that he is the fall guy. Here’s his full affidavit:
From the NSEL Desk: Anjani Sinha’s Affidavit
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So NSEL also got stock of “repo” ( see first page). And I thought only RBI is authorised to undertake Repo transactions. 🙂
DEAR DEEPAK SIR
YOU DO VERY GOOD JOB FOR UPDATING ALL INVESTOR IN NSEL MATTER
I THINK THESE AFADAVIT LIKE SATYAM’S (RAJU LETTER) ALL MATTER DISCLOSED AND ACCEPT HIS MISTAKE.
THESE LTEER MAY BE FORCELY WRITTEN BY JIGNESH SHAH TO SAVE HIMSELF AND THEIR FIT AND PROPER STATUS.
ALL LIABILITY TRANFER TO ANJANI SINHA AND AMIT & JAI BALMUKANI THEY ARE NOT CAPABLE SO ALL AMMOUNT IS BED DEBTS
VERY GOOD PLAN FROM JIGNESH SHAH
THANK’S
ANKUR GARG
Basic check : are the commodity insurance documents are obtained from the borrowers?
it is not BED Debt, but bad debt for bed debt.