Enforcement Directorate Wednesday said it has filed a fresh chargesheet in the National Spot Exchange Limited (NSEL)-linked money laundering investigation. The prosecution complaint was filed on January 28 before a special Prevention of Money Laundering Act (PMLA) court in Mumbai against 19 broking entities and their directors for allegedly colluding with NSEL officials to «allure» investors to trade on this platform, the federal agency said in a statement.
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The court took cognisance of the chargesheet on February 3, it said.
The agency earlier filed six chargesheets against 94 accused and attached assets worth Rs 3,288 crore as part of this probe.
The probe found that broking companies, after getting registered with the NSEL, «misled» their clients by providing «false» assurances about the exchange and promoting «illegal» pairs trade contracts that were not allowed, the ED said.
In «collusion with» broking companies, NSEL established a system that «bypassed» the collection of warehouse receipts or physical commodities for their clients, knowing they were facilitating trades in such a manner, the agency said.
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