final report u-sec 173 crpc, in nsel default case

FINAL REPORT FORM Form: 5‐A

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¼QkStnkjh ifdz;k lafgrsP;k dye 173 vUo;s ½ IN THE COURT OF Hon’ble Sessions Judge, Spl. Court under MPID Act, Sessions Court, Mumbai. 1‐ Dist Mumbai PS E.O.W. Year 2013 FIR No. 89/13 Date: 30.09.2011. (PS M.R.A.Marg CR No. 216/13) ftYgk iksyhl Bk.ks o"ksZ ifgyh [kcj rkjh[k

2. Final Report/Charge Sheet No. Date: 06 .01.2014. vafre vgoky@vkjksih i= dzekad rkjh[k 4. (i) Act IPC Sections 409,465,467,468,471,474,477(A) r/w 120(B). vf/kfu;e dye (ii) Act ‐ M.P.I.D., 1999 Section ‐ 3 and 4 vf/kfu;e dye (iii) Act Section vf/kfu;e dye (iv) Act Section vf/kfu;e dye 5. Type of Final Form/report Charge Sheeted /Not Charge Sheeted for want of evidence/FR

Undetected/ FR untraced/FR offence abated/FR Un-occurred ---- Charge sheeted. vfare vgokykpk izdkj %& vkjksii= nk[ky dsys@iqjO;k vHkkoh vkjksii= nk[ky dsys

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6. If F.R. Unoccured :‐ False/Mistake of Fact/Mistake of Law/Non‐cognizable/Civil Nature ‐‐‐‐‐‐ Occurred

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7. If charge sheeted (tj vkjksii= Bsoys) Charge sheeted Original Supplementary¼eqG @iqjo.kh½ :‐ ‐‐‐‐‐‐ 8. Name of the I.O. – Arvind Wadhankar Rank: Sr.Police Inspector. rikl.kh vf/kdk&;kps ukao %& inuke Øekad%& 9. (a) Name of Complainant/Informant: Mr Pankaj Saraf. rdzkjnkjkps @[kcjhps ukao %& Father's/Husband's Name : Mr Ramnaresh Saraf. fiR;kps@irhps ukao %& 10. Details of Properties /Articles/Documents recovered/Seized during investigation and relied

upon: (Separate list can be attached, if necessary)

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Sr. No.

Property Description

Estimated Value (Rs.)

P.S. Property Register No.

From whom / where Recovered or Seized.

Disposal

As per separate list attached

10. Details of Properties/Articles/Documents secured/recovered/seized during investigation and relied upon:

I) Properties /Articles/Documents secured/recovered/seized at the instance of accused no.1 Amit Mukherji : _‐

1) Flat no.801/ Ivory Heights, area 575 sq.ft.,vd. Rs 21.5 lakh (agreement value) in the name of wife Bonhi Mukharjee. 2) Flat no.902/Ivory Heights, area 1000 sq.ft., vd. Rs 41.3 lakh (agreement value), Kanaikiya

Road, Mira Road. 3) Flat no.1202/Royal Samarpan, area 1550 sq.ft, vd. Rs 4.5 cr (agreement value),near Rivali Park, Western Express Highway, Borivali (E). 4) Range Rover Evogue Car No. – HR‐26‐BW‐9013 vd Rs. 55 lakh approx. (total property worth Rs 5,67,80,000). 5) 7 CDs, American Express Membership Cards, Country Club (India) letter, Axis Bank & HSBC Bank letters & cards - from flat No. 902, Ivory Heights, Beverley Park, Mira Road (E), Thane, the residence of accused. 6) copies of documents of properties and his bank accounts are recoverd. A summory of this along with documents collected are kept in file No. 16.

II) Properties /Articles/Documents secured/recovered/Seized at the instance of accused no. 2 Jai Bhaukhandi : _‐

1) Flat no.703, Ambika Tower, Panchpakhadi, Thane admeasuring 580 sq.ft vd.Rs 20 lakh

(agreement value). 2) Mahindra XUV 500 car No. HR‐26‐BW‐8030, vd Rs 14 lakhs.(total property worth Rs 34

lakh)

3) HDFC Bank a/c No. 11979 Cheque book, Sale Agreement in respect of flat No.703, Ambika tower, Thane standing in the name of this accused, NSEL stock Statement,Declaration/ undertaking given to Board of Directors of NSEL by this accd. and such other documents recovered from Flat No.1/B/19, Model Town,Mahakali Road, Andheri (E) ---- the temporary residence of accused. 4) The copies of documents of properties and his bank accounts are recoverd. A summory of this along with documents collected are kept in file No. 16.

III) Properties /Articles/Documents secured/recovered/seized at the instance of accused no. 3 Anjani Sinha :‐

1) Flat No. 1601, Odissy‐II Apt, admeasuring 2200 sq.ft.,vd. Rs 4.5 cr (agreement value),

Hiranadani Garden, Powai 2) Flat No. 1404, Panchwati CHS, Powai, Mumbai 3) Flat No.1405, Panchwati CHS, Powai, Mumbai 4) Flat No. G1‐602, Bhimashankar Society, Nerul (W), Navi Mumbai.(total property worth Rs

4.5 cr) 5) 4 Hard Disks from his computer, two attendance registers of Board of Directors meeting, 5 outword registers etc 6) Blue colour Dell Laptop, Black Colour Sony Laptop & Copies of document, Agreement. 7) The copies of documents of properties and his bank accounts are recoverd. A

summory of this along with documents collected are kept in file No. 16.

IV) Properties /Articles/Documents secured/recovered/seized at the instance of accused no. 4 Nilesh Patel :‐

1) One Hard disk & file containing documents from the residence of Rajesh

Mehta, POA holder of Swastik Overseas Corporation, Ahmedabad. 2) Files of documents, Registers, Cash Books from the office of N.K. Proteins

Ltd. Usmanpura, Ahmadabad. 3) Factory, land & building, plant & machinery situated at 745, Kadi,

Ahmadabad belonging to N.K. Industries Ltd. 4) Factory, land & building, plant & machinery situated/fixed at survery No.

275,229,278, 279, 273,274,276,292,293, Thor, Ahmadabad belonging to N.K. Industries Ltd.

5) Factory, land & building, plant & machinery situated at & known as Banpal Factory, 144/64, Mouje Chandiser, Tal. Palanpur, Dist.- Banakshetra belonging to N.K. Industries Ltd.

6) Land bearing survey No. 436, 437/2,436/1,436/2,436/3,436/4 at Patan, Ahmadabad standing in the name of Ashita Nilesh Patel & Sonal Nimesh Patel, Directors of N.K. Group of Industries Ltd.

7) Land admeasuring 4600 sq yard, vd Rs 10 cr situated off S G Highway, Opp Ashwavilla, Ahmedabad.

8) Land admeasuring 2,24,000 sq yard & 80 Biga, vd Rs 32 cr situated at Thor, near Thor Plant, Ahmedabad.

9) Bunglow on land admeasuring 4500 sq yard vd Rs 15 cr situated at Shantakeshav, Amali Bopal Road Ahmedabad.

10) Bunglow on land admeasuring 2600 sq yard vd Rs 15 cr situated at Ashwavilla, Ahmedabad. 11) Flat Flat- No. 1203, 12th flr, Bhagtani Krishaang, Powai, near

Hiranandani, Mumbai- 76 with 4000 sq ft area vd Rs 5 cr. standing in the name of N K Proteins Pvt Ltd, Ahmedabad.

12) Two Flats- 403A & B standing in the name of Smt Sonal Nimesh Patel and Smt Ashita Nilesh Patel situated in Lhencroft, Hiranandani Garden, Pawai, Mumbai. with joint area- 1470 sq ft Vd Rs. 4.5 Cr. 13) Flat‐ Unit No.TPD K 1505 Gurgaon, The Palm Drive Sector‐ 66, Urban Estate area- 2000 sq ft Vd Rs. 1 Cr. statnding in the name of N.K.Proteins Pvt. Ltd. 14) Flat- Apartment Unit No.KBA-22-2503, Kensington, Boulevard, Jaypee Greens, Noida, Delhi vd Rs. 1 Cr. standing in the name of N.K.Proteins Pvt. Ltd. 15) Shop Unit No.- Kensington, Boulevard, Jaypee Greens, Noida, Delhi vd. Rs. 1 Cr., statnding in the name of N.K.Proteins Pvt. Ltd. 16) Office situated at 2nd,3rd, 7th & 9th floor of Popular House, Ashram Road,Ahmedabad standing in the name of Priyam Patel, N.K.Proteins Pvt. Ltd.,Smt Sonal Nimesh Patel and Smt Ashita Nilesh Patel respectively. 17) Office at Ratnam Shopping Centre, C.G. Road, Ahmedabad with area- 800 sq yard,vd Rs.50 lacs statnding in the name of N.K.Proteins Pvt. Ltd. 18) Documents of N.K. Proteins and other sister concerns recovered from the office of NSEL (File No. 13) 19) Documents collected during investigation (File No.15)

V) Properties /Articles/Documents secured/recovered/seized at the instance of accused no. 5 Arun kumar Sharma :‐

1) Two Hard Disks having mirror image of the data of the hard disk, documents related to sales & purchase with NSEL & other documents from the office of Lotus Refineries, A-204, Boomrag Complex, Chandivali Farm Road, Andheri (E), Mumbai.

2) Files containing photo copies of documents related to Lotus Refineries Pvt.ltd., Purchase orders, Show Cause Notice by Customs, copies of documents related to Lotus Pharma Ltd. Photo copies of Form No, 32, Photo copies of Pan Card, Ledger accounts details, bank statement, etc from the office of Lotus Refineries Pvt Ltd,. Plot No, 509, Industry Area, Phase 2, Chandigarh. 3) Office – A/204, Boomrang, Chandivali Road, Andheri East, Mumbai.with area –

10,000 Sq ft,vd Rs. 25 Cr. 4) Flat- 905, A Wing, Maifil Leaf, Chandivali Road, Pawai, Mumbai with area- 1200

sq ft, vd Rs. Rs. 2.25 Cr 5) Bungalow - House No. 1155, Sector- 34, Chandigarh with area- 500 gaj, vd. Rs.

5.00 Cr. 6) Bungalow - House No. 2569, Sector- 35, Chandigarh with area- 500 gaj, vd Rs.

12.00 Cr 7) Industrial Area Plot situated in Phase I, Industrial Area, Chandigarh with area-

1000 gaj, vd. Rs. 8.00 Cr. 8) Factory Plant - Plot No. Badi Haiboval, Hamada Road, Ludhiyana (15 km from

Ludhiyana) vd. Rs. 20 Cr. 9) Flat-201,Building No. 3A, Phase III, N G Suncity, Thakur Village, Kandivali (E),

Mumbai-101, Vd Rs. 125 Cr. 10) Inova Car No. MH-04-FN- 124 of accused vd Rs. 13 lacs. 11) Cash at Bank /FDRs of accused and his wife vd Rs. Rs. 12.67 crores with UCO Bank, Andheri. 12) Documents of Lotus Refineries Pvt Ltd., and sister concerns recovered from the office of NSEL (File No. 14)

13) Documents collected during investigation (File No.15)

VI) Documents collected in respect of accused arrested during investigation :-

1) Copies of documents submitted by Mr. Saji Cherian, the present MD & CEO of NSEL company wide its statement dated 02-01-2014. By his statement, he has mentioned in detail how the present offence is committed and how the accused persons are involved in the case. He has supported his statement with copies of documents which are kept in File NO. 6,7,8 and 9 respectively.

2) Copies of documents are also recovered from the office of NSEL directly. These copies of documents are kept in file No. 17,18 and 19.

VII) Properties /Articles/Documents recovered/Seized from the offices/

Residences of the suspects involved in the case :‐ Original audited balance sheet of NSEL, Original IT Returns, Copies of IT

Retuns, Journal Ledger of Margin Money, Original copy of Grant Thorton Forensic report, Original copy of Warehouse receipt, Annual report of FTIL, Original Membership files of 24 Borrowers and 5 CDs.--------- From NSEL office.

22 Hard Disks (6 from Server and 16 from storage) from the office of FTIL.

15 Hard Disks from 3 Servers of NSEL.

9 Hard Disks of the Server of NSEL------ from the office of NSEL, FT Tower, Andheri (E), Mumbai.

Hard disk along with CPU of Dell Computer from the office of NSEL, Palanpur, Gujarat.

I) One Hard Disk Mirror Image on blank Hard Disk of FTIL Chennai, ii) One

Hard Disk Mirror Image on blank Hard Disk of MCXSX, Chennai, iii) One Hard Disk Mirror Image on blank Hard Disk of NSEL, Chennai, iv) AMC Bill Copies of FTIL with pages 1 to 381, v) A Hard Disk from the computer of Metkore Alloys Chennai, One Old Hard disk from the same computer of Metkore Alloys & documents of Metkore Alloys with pages 1 to 165. ----- From their offices at Chennai.

Axis bank account No. 9392& 3117 cheque books, Valuation Report, letter

issued by Aastha Group to Mr. Prasad, MOU paper between Mohit Agarwal & Mr.Prasad, sale deed between Aastha Project & Mr. Prasad, ID & Visiting cards issued by Aastha to Mr. Prasad and such other papers------ From flat No. 302, building No. 12, Pokharan Road No. 2, Thane of B.V. Prasad.

HDFC A/c No. 49982 statements, demat a/c No. 17121719 & 17121752

files, Books of account, documents of IT Returns, Cash Book, bank Book, Ledger, NSC file, investment file etc. ----- from the residence of Jignesh Shah.

A Silver colour Sony Vaio Laptop and Apple I pad, file containing documents of NSEL. A confidential File, Axis Bank statement, IT Returns etc.------ from the residence of Joseph massey.

Flat No. A- 302, EC- 93, Krishna Saravor, Evershine City, Vasai (E) Thane belonging to Shashi Kotiyan of NSEL is secured for attachment.

6 PD’s of Sony, Scandisk and Transcent company, Visiting Cards and a statement dt. 13-07-09, ------ from the residence of Ashish Sharad Dalal, Andheri (W),

Document such as appointment letter by MCX, MCX Board metting books,

MCX & Mulgi Commodity Exchange ------- from the residence of Mr. Padmanabh Barpande

Document such as agreement between Deva Lalwani & Capital Services,

DRF of Umesh Sharma, DPID Statement of Umesh Sharma ------ From the residence of Pawan kumar Chabra.

Files containing document of accounts from 2006/07 onwards------- from the residence of Mr. Dewang Nerala

HDFC Bank Statement, Citi Bank A/c Statement, IT Returns of Padmanbhan Ramnathan, one hard drive ------ from the residence of Padmanabhan Ramnathan.

File containing documents of Income tax of Mr. S Venkatraman & Hard disk

from the Laptop containing Mails between NSEL & Metkore Alloys Ltd. ------ from the residence of Mr. Venkatraman, Nagpur.

A file containing documents of FTIL, Baroda with pages 1 to 15, Samsung Hard Disk, Seagate Hard Disk------- from the office of Mr. Chandrakant Kamdar, Fortune Tower, Baroda.

Hard Disk 250 GB, recovered from the office of Mohan India Pvt Ltd, 354, Tarun Enclave, Pritampura, New Delhi- 34, one of the accused companies..

Bunglow situated at Plot No. 50/51, RHB Colony, 2nd main, 2nd Cross, Mahadeopura, Banglore- 48 belonging to Mohit Aggarwal. The Bunglow is sealed.

1 Segate Hard Disk, 2 WD Blue Hard Disk, Photo copies of documents, Tax invoices from the office of Juggernut Project, Raheja Chamber, Nariman Point, Mumbai.

Documents such as Bank Pass book, G mail Copies, Correspondence with Juggernaut Project, proposal settlement Cycle, sealed from the residence of Sunil Ganjave, Director of Juggernaut Project Ltd.

1 laptop Hard Disk, 7 Bank Pass Book from the residence of Mr. Yogendra Mehta, Director of Juggernaut Project Ltd.

Three Computer Hard Disks of Western Digital, Malaysia from the office of Loil Heath Foods Ltd., SCO- 18/19, 1st floor, Madhya Marg, Sector – 9D,Chandigarh (UT)

Dell Insperion Black Colour Laptop from the residence of Prashant Kumar Anand , Director of Lotus Refineries Pvt Ltd.

One Hard Disk from the office of Master Commodities Services Ltd., Master Chamber,19, Firoj Gandhi Market, Ludhiana, Punjab.

Data of 37 computer downloaded in blue colour pen drive and data of a Laptop downloaded in black colour pen drive & Printout of server having 405 pages in connection with NSEL recovered from the office of Topworth Steel & Power Pvt Ltd, Raheja Center, Nariman Point.

Lenovo company Desktop Computer from the residence of Rajesh Kumar Jain situated at Ranjangaon, Chattisgarh.

,

2 Samsung hard Disks from the office of Loil Overseas Food Ltd. 807, Kailash building, Kasturba Gandhi Marg, New Delhi.

1 Pen Drive Containing Hard Disk Data of the Computer from the residence i.e. Flat No. 703, Vijay Apt. Malad (w), Mumbai- 64 of Rajendra Bhusan Javdala.

Documents such as cheque books of various bank accounts, 1 personal diary, 1 bank pass book, MOA of NSEL, Agenda for the meeting of the board of directors, etc from the residence of Shankarlal Guru, chairman of NSEL.

One file containing bank statement from the residence of Shri. Manish Kella, Ahmedabad.

36 files Containing document related to the offence and Dvd containing books of account and Mirror image of server from the factory of N.K. Proteins, thor Gaon and from the office of the said company situated in Popular house, Ashram Road, Ahmedabad of N.K. Proteins Ltd.

Stocks & Warehouses Secured:-

1) 5 Box files containing buying invoices of Raw material of HR Coil of Topworth Pipes & Tubes, 28 box files containing shares invoices of the said company, Inword & Outward stock Registar of comupterise hard copy prints, Pen drive of Soft copies data of the said company and 22 tone of stock of HR Coil of Iron valued Rs. 21,13,00,000/- lying in the premises of the said company is also secured.

2) 399 bags of Cummin seeds of 50 kg each valued Rs. 24 lakhs---- from the

Narsanga Vir, Nagderi, Opp. CNG Petrol pump, Tal. Unja, Dist- Mehsana, Gujarat. 16 bags of Cummin seeds of 50 kg each valued Rs. 1 lakhs---- from Muktupur Village Warehouse, Muktupur, Tal. Unja, Dist.- Mehsana, Gujarat, 70 bags of Cummin seeds of 50 kg each valued Rs. 4,20,000/- & 60 bundles of 14 emty bags each vd. 2,40,000/- --- From Martin Godown, Opp. APMC Unava, Tal. Unja, Dist- Mehsana,& 112 bags of Cummin seeds pf 50 kg each valued Rs. 6,72,000/- ---- from the Shivganga Estate warehouse Opp. APMC Unava, Narsanga Vir, Nagderi, Opp.CNG Petrol pump, Tal. Unja, Dist- Mehsana, Gujarat & the copies of documents, Agreement, Out word register etc. All these warehouses are sealed.

3) Mild Steel, 624.245 M. Tonne Vd Rs. 2,49,60,000/- from Champion Steel Industries Pvt. Ltd. warehouse, Taloja , Mild steel 16,240.89 M. Tonne Vd Rs. 64 Crore from Akshta Mercantile Pvt Ltd. warehouse, Taloja , Mild steel 5,000 M. Tonne Vd Rs. 20 Crore from Realm services warehouse, Taloja , All these three warehouse are sealed & 12 Stock registers, 9 copies of agreement & stock detail documents are taken charge of.

4) I) 16 bags of Soya been from Siddhartha warehouse Godown No. 2, ITC Chaupal Sagar, Ganj basoda, Vidisha, MP. II) 2507 bags of Channa Vd Rs, 78,62,157/- and 5 files of documents from --- Karan Warehousing Corporation, Vidisha, MP, III) 32 bags of Channa Vd Rs, 80,000/- and 19files of documents from --- NBHC Warehouse, Sagar road, Vidisha, MP & document such as inword & out word registers, stock plan register, spray & fumigation register, commodity inword slips & other documents related to trading with NSEL & related to warehousing business,

5) I) 47 bags of Channa----- from NBHC warehouse, Meuli, Ganj Basoda, II) NBHC deposit register, daily stock summary registar, warehouse receipt, & such other documents----- from NBHC warehouse, Meuli, Ganj Basoda, III) 1294 bags of channa & various documents from shakuntalam warehouse, jivaji pur, vetoli Village, Ganj Basoda, MP.

6) 21477 bags of red Chilly of 40 kg each vd Rs. 6,87,26,400/-, stock register, dilvery order books, bill books two ----- from Rama cold storage, Bhadrachalam Road, Thallada, Dist- Khammam, AP.

7) I) 2045 bags of Castrol Seeds of 75 kg each valued Rs. 53,68,125/- from Thakkar Pushpa warehouse, Khalli Gaon ,Sidhapur, Patan, Gujarat and the same godown, II) 259 bags of Jirra of 55 kg each vd Rs. 17,09,400/- along with 7 god owns by name Tirupati warehouse, 17, Khalli Gaon ,Sidhapur, Patan, Gujarat, & documents such as copies of Lease agreement & others related documents.

8) 38 M. Tonne Makka ------ from Arunkumar Chaudhari warehouse, Mirzapur Gaon, Next to Sultan gung- Bhagalpur, National Highway 80 Junction, Bihar & correspondence between the concerns persons with sealing of God own.

9) I) 28 bags of Jirra weighing 1375 kg from Arpita warehouse, Unjha, Gujarat and the said god own is also Sealed, II) 34 bags of Jirra weighing 1675 kg from Bajoriya warehouse, Unjha, Gujarat and the said god own is also sealed, III) Agreement copy of NSEL & Gujarat state warehouse.

10) 35,000/- bags of Sugar lying in the NSEL Warehouse situated at Khasara No.389/2,Village Hamidpur, Near Dalmil, Delhi- 36 belonging to Mohan India Pvt Ltd. The warehouse is sealed.

11) 17,000/- bags of Sugar lying in the NSEL Warehouse situated at 106/ 255,Kheda kala, Delhi belonging to Mohan India Pvt Ltd. The warehouse is sealed

12) Stock of coper pipe wire lying in warehouse no. 78/157, Extended, Lal Dora Village, Bakoli, Delhi-36 belonging to Indian Bullion Marketing company.

13) I) Godown No. 5, Villagae Seerah, Rohan Road, Ludhiyana, Punjab in the possession of M/s. ARK Import Pvt. Ltd. containing 4,000 Bialys of Raw wool & attendance Diary. The Godown is sealed. II) Stock of Nickel Plates vd Rs. 1.70 Crores, Computer Hard Disk, Inword registers from the Warehouse No. 577/8, Vishwakarma street, Gill Road, Ludhiyana, Punjab in the possession of Singhanya Chemicals. The Warehouse is sealed.

14) 2 Hard Disk & Agreement paper from the warehouse of Sampatrao

Mechnani situated at Village & Mandal Hasanpatti, Warangal, AP.

----------

Form: 5-B(1)

11 (A) Particulars of accused persons- charge sheeted (Use separate sheet for

each accused.)

vkjksii= BsoysY;k vkjksihapk rif’ky ¼izR;sd vkjksihlkBh Lora= dkxn okijkok½

i) Name :- Amit Mukherjee Whether Verified:- Yes ukao

ii) Father”s/Husband’s Name : - Ashok Kumar Mukherjee fiR;kps @irhps ukao

iii) Date/Year of Birth:- 13/11/1972 , 41 Yrs. (tUerkjh[k@o"ksZ ½ iv) Sex:- Male v) Nationality:- Indian

fyax jk"Vªh;Ro i) Passport No.______ Date of Issue_______ Place of Issue

ikji= dzekad fnY;kph rkjh[k fnY;kps fBdk.k

ii) Religion:- Hindu viii) Whether SC/ST:- -------- iii) /keZ vuqlqfpr tkrhpk@tekrhpk vkgs dk

viii) Occupation : - Service (O;olk;½

Address :- Flat No. 902, Ivory Heights, off. Kankia Road, Mira Road (E), Thane.

Whether verified ¼iMrkGyk fdaok dk; ½&&&& Yes

Provisional Criminal No.rkRiqjrk xqUgsxkj dzekad:- ---------

x) Regular Criminal No(if known) ¼fu;her xqUgsxkj dz- ekfgr vlY;kl½ :- ------

xi) Date of Arrest: - 09/10/2013 (vVd rkjh[k½ xii) Date of Release on bail/ Jail Custody till : ( tkehukoj lksMY;kph rkjh[k½ Jail

custody till 06.01.2014. xiii) Date on which forwarded to court ( U;k;ky;kdMs ikBfoY;kph rkjh[ka½

xiii) Under Acts and Section: --- 409,465,467,468,471,474,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

xiv) Name (s) of bailer/Sureties and Address (es) :- ------- tkfeunkjkps ukaos o iRrs

xv) Previous convictions with case references :- --------- ¼izdj.kkP;k lanHkkZlg iwohZph vijk/kfl/nh½

xvii) Status of accused( vkjksih fLFkrh ½ %& Judicial custody

Forwarded/Bailed by Police/In Police Custody/Bailed by Court/In Judicial custody /Absconding/Proclaimed Offender.- Judicial custody till 06.01.2014.

Form: 5-B(2)


each accused.)


iii) Name :- Jai Bahukhandi Whether Verified:- Yes ukao

iv) Father”s/Husband’s Name- Sukhsadan Bhaukhandi fiR;kps @irhps ukao

iii) Date/Year of Birth: 07/10/1971 , 42 Yrs. (tUerkjh[k@o"ksZ ½ iv) Sex:- Male v) Nationality: - Indian

fyax jk"Vªh;Ro iv) Passport No.______ Date of Issue_______ Place of Issue


v) Religion :- Hindu viii) Whether SC/ST:- -------- vi) /keZ vuqlqfpr tkrhpk@tekrhpk vkgs dk

viii) Occupation :- Service (O;olk;½

Address :- 703, Ambika Tower, Tekdi Bunglow, Panch Pakhadi, Thane (W).




xi) Date of Arrest: - 10/10/2013 (vVd rkjh[k½ xvi) Date of Release on bail/ Jail Custody till : ( tkehukoj lksMY;kph rkjh[k½ - Jail


xvii) Under Acts and Section: --- 409,465,467,468,471,471,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

dks.kR;k vf/kfu;ek[kkyh o dyek[kkyh

xviii) Name (s) of bailer/Sureties and Address (es) :- ------- tkfeunkjkps ukaos o iRrs

xix) Previous convictions with case references :- --------- ¼izdj.kkP;k lanHkkZlg iwohZph vijk/kfl/nh½


Forwarded/Bailed by Police/In Police Custody/Bailed by Court/In Judicial custody /Absconding/Proclaimed Offender.- In Judicial custody till 06.1.2014.

Form: 5-B(3)


each accused.)


v) Name :- Anjani Sinha Whether Verified:- Yes ukao

vi) Father”s/Husband’s Name :- Jagdishprasad Sinha fiR;kps @irhps ukao


fyax jk"Vªh;Ro vii) Passport No.______ Date of Issue_______ Place of Issue


viii) Religion :- Hindu viii) Whether SC/ST:- -------- ix) /keZ vuqlqfpr tkrhpk@tekrhpk vkgs dk


Address :- 1601, Odyssey- II, Hiranandani Garden, Powai, Mumbai




xi) Date of Arrest: - 17/10/2013 (vVd rkjh[k½ xx) Date of Release on bail/ Jail Custody till : ( tkehukoj lksMY;kph rkjh[k½ - Jail


xxi) Under Acts and Section: --- 409,465,467,468,471,471,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

xxii) Previous convictions with case references :- ---------

¼izdj.kkP;k lanHkkZlg iwohZph vijk/kfl/nh½


Forwarded/Bailed by Police/In Police Custody/Bailed by Court/In Judicial custody /Absconding/Proclaimed Offender.- In Judicial custody till 06.1.2014.

Form: 5-B(4)


each accused.)


vii) Name :- Nilesh Patel Whether Verified:- Yes ukao

viii) Father”s/Husband’s Name :- Keshavlal Patel fiR;kps @irhps ukao


fyax jk"Vªh;Ro x) Passport No.______ Date of Issue_______ Place of Issue


xi) Religion :- Hindu viii) Whether SC/ST:- -------- xii) /keZ vuqlqfpr tkrhpk@tekrhpk vkgs dk


Address :- 403, Glen Craft, Hiranandani Gardens, Powai, Mumbai.




xi) Date of Arrest: - 22/10/2013 (vVd rkjh[k½ xxiii) Date of Release on bail/ Jail Custody till : ( tkehukoj lksMY;kph rkjh[k½ Jail

custody till 06.1.2014.

xiii) Date on which forwarded to court ( U;k;ky;kdMs ikBfoY;kph rkjh[ka½

xxiv) Under Acts and Section: --- 409,465,467,468,471,471,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

dks.kR;k vf/kfu;ek[kkyh o dyek[kkyh

xxv) Name (s) of bailer/Sureties and Address (es) :- ------- tkfeunkjkps ukaos o iRrs

xxvi) Previous convictions with case references :- --------- ¼izdj.kkP;k lanHkkZlg iwohZph vijk/kfl/nh½

xvii) Status of accused( vkjksih fLFkrh ½ %& Judicial custody Forwarded/Bailed by Police/In Police Custody/Bailed by Court/In Judicial custody /Absconding/Proclaimed Offender.- In Judicial custody till 06.1.2014.

Form: 5-B(5)

11 (A) Particulars of accused persons- charge sheeted (Use separate sheet for each accused.)


ix) Name :- Arun Kumar Sharma Whether Verified:- Yes ukao

x) Father”s/Husband’s Name :- Jaiprakash Sharma fiR;kps @irhps ukao


fyax jk"Vªh;Ro xiii) Passport No.______ Date of Issue_______ Place of Issue


xiv) Religion :- Hindu viii) Whether SC/ST:- -------- xv) /keZ vuqlqfpr tkrhpk@tekrhpk vkgs dk


Address :- 905, Maifil Live, Raheja Vihar, Powai, Mumbai




xi) Date of Arrest: - 11/11/2013 (vVd rkjh[k½ xxvii) Date of Release on bail/ Jail Custody till : ( tkehukoj lksMY;kph rkjh[k½ Jail

custody till 17.01.2014.

xiii) Date on which forwarded to court ( U;k;ky;kdMs ikBfoY;kph rkjh[ka½

xxviii) Under Acts and Section: --- 409,465,467,468,471,471,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

dks.kR;k vf/kfu;ek[kkyh o dyek[kkyh xxix) Name (s) of bailer/Sureties and Address (es) :- -------

tkfeunkjkps ukaos o iRrs

xxx) Previous convictions with case references :- --------- ¼izdj.kkP;k lanHkkZlg iwohZph vijk/kfl/nh½

xvii) Status of accused( vkjksih fLFkrh ½ %& Judicial custody Forwarded/Bailed by Police/In Police Custody/Bailed by Court/In Judicial custody /Absconding/Proclaimed Offender- Judicial custody till 17.01.2014.

Form No.5 C

12. Particulars of accused persons not charge-sheeted:

( National Spot Exchange Ltd, Mumbai, a company incorporated under the provisions of The Company’s Act, its Directors/Key Management Persons/its 25 Borrowers /Defaulters, Brokers & others )

i. Name@ukao :-

ii. Whether Verified @iMrkG.kh dsYkh dk\ %&

iii. Father's / Husband’s name/ oMhYkkaps@uoÚ;kps ukao %&

iii. Date/ Year of Birth rkjh[k@tUe rkjh[k :-

v. Sex@fYkax :

vi. Nationality@jk"Vªh;Ro :-

vii. Passport No @ikji= Ø :- Date of Issue@fnYksYkh rkjh[k : ---- Place of Issue@ fBdk.k :-

viii. Religion@/keZ :-

ix. Whether SC/ST@vuqlwfpr tkrh@tekrhpk vkgs dk\ :

x. Occupation@O;olk; :-

xi. Address @iRRkk:-

xii. Whether Verified @iMrkGYkk dk\ :

xiii. Provisional Criminal No @rkIrqjrk xqUgsxkj Ø :- -------

xiv. Suspicion Approved Yes/No@la’k; [kjk BjYkk fdaok dls\ :- -------

xv. Status of the accused (Suspect)@la’kf;rkph l|fLFkrh :- Bailed by Police / Bailed by Court / Judicial Custody/Absconding/ Proclaimed/ Not arrested.

xvi. Under Acts and Sections @dks.kR;k dk;|k o dYkek[kkYkh :‐ 409,465,467,468,471,471,477(A), r/w 120(b) IPC r/w 3,4 The Maharashtra Protection of Interest of Depositors Act, 1999

xvii. Any special remarks including reasons for not charge sheeting The accused company NSEL is situated in Mumbai while it’s offices & warehouses and also borrower’s offices/companies/warehouses are situated across 16 states in India. The role played by 1) NSEL, 2) its Directors, 3) its key Management Persons, 4) its 25 Borrowers who are subsequently declared as defaulters of NSEL and with whom the investor’s money is held up, 5) Brokers through whom the investors deposited their money with the accused company NSEL and also role played by others in the case is under examination. The collection of evidence against all these persons is under process and it is time consuming. This is a case of criminal conspiracy commited by all the aforesaid persons/companies who/which are situated not only across Mumbai but across 16 states. The case is registered on 30.9.13 and due to aforesaid reasons, the investigation is not yet completed. After confirmation of role played by these persons, appropriate action will be taken against them.

Form 5-D

13. PARTICULARS OF WITNESSES TO BE EXAMINED

Sr. No.

Name Shri

Father's/ Husband's

Name

Date/ Year

of Birth

Occupation Address Type of Evidence to be tendere

d 1. Pankaj Saraf Ramnaresh

Saraf 39 yrs Business M/s. Vostok

Far East Securities Pvt. Ltd., Oricon House, 4th Floor, 12, K.B. Dubhash Marg, Fort, Mumbai-01

Complainant

2 Girish Dev Vasudeo Dev 40 yrs Service 801, A Wing, Raj Classic, Panch Marg, Yari Road, Versova, Andheri (W), Mumbai-61

Witness

3 Brigendra Talesara Basantilal Talesara

40 yrs Service A/702, Galaxy, Agarwal Township, Kaul Heritage City, Bhabola Naka, Vasai (w), Thane- 202

Witness

4 Santosh Mansingh ------ 46 yrs Service B/303,Mahaveer Rachna CHS, Plot No. 54, Sector No. 15/B, Belapur, Navi Mumbai

Witness

5 Hrudaya Mohanty Ballava Mohanty

51 yrs Service Flat No. B-8, Shree Sawan Nagari CHS, Matheran Road, Senkapur, New Panvel(East)

Witness

6 Shashidhar Kotian ------ 42 yrs Service 601, Tulip Garden CHS, Military Road, Marol, Andheri (E), Mumbai- 59

Witness

7 Miss. Krutihka Rao Gangadhar Rao 25 yrs Service 2/B- 701, Powai Jalatrang CHS, Adi Shankaracharya Marg, Ram Baug, Powai. Mumabi

Witness

8 Biharilal Kapri Maheshwar Kapri

39 yrs Service C-4/203, Tulsi Vihar, Gokul Nagari, Khadakpada, Kalyan (w)

Witness

9 Deepak Vasant Shantilal Dayalgi Vasant

31 yrs Service Bullevalevard, 15 Upper Govind Nagar, Malad (E), Mumbai- 97

Witness

10 Sidharath Asar Haresh Asar 37 yrs Business B/211,Kalpataru Horizon, S.K. Ahire Marg, Worli , Mumbai- 26

Witness

11 Ritesh Shah Vrajlal Shah 31 yrs Business B-403, New Samadhan Apartment, Senapati Bapat Road, Dadar (w), Mumbai- 28

Witness

12 Sandip Jhunjhunwala Santosh Jhunjhunwala

39 yrs Business C-708,Poonam Apartment, Dr. A.B.Road, Worli,Mumbai- 18

Witness

13 Shailesh Shah Dolatrai Shah 58 yrs Business 60-B, Vallabh Society , Daulat

Witness

Bunglow, East-West Road No. 2, Vile Parle (W), Mumbai-56

14 Sudhir Lohia Govindprasad Lohia

54 yrs C.A. 602, Quiescent Height, Mind Space, Off Link Road, Malad (w), Mumbai-64

Witness

15 Rajesh Kamani Goradhandas kamani

59 yrs ----- 1, Gul Mansion, 88, Walkeshwar Road, Mumbai- 06

Witness

16 Shadul Shah Navnit Shah 50 yrs Business D-1,Rashmi, Carmichel Road,M.L.Dhanukar Marg, Mumbai- 26

Witness

17 Yusuf Shaikh Yakoob Shaikh 65 yrs Retired Al- Marawah CHS, A-3, Flat No. 203, Millat Nagar, Andheri (W), Mumbai- 53

Witness

18 Kirit Sheth Vinayakant Sheth

54 yrs Business B/507, Yogi ParadiseTower, Yogi Nagar, Eksar Road, Borivali (W), Mumbai- 91

Witness

19 Jaineel Aga Kamlesh Aga 29 yrs Service 27, Hanuman Sharan, 87, Bomanji Petit Road, Mumbai-026.

Witness

20 Miss. Jagruti Sheth Kirit Sheth 46 yrs Housewife B-507-508, Yogi Paradise CHS, Yogi Nagar, Eksar Road, Borivali (W).

Witness

Mumbai-400091

21 Madhusudan Desai Parannath Desai

61 yrs Business Maker Maxity, office No. 3/c, 5th Floor, Near Family Court, BKC, Mumbai- 51

Witness

22 Piyush Shah Navnitlal Shah

42 yrs Business 78, 7th floor, Jansukh Apartment, Kasturba Road, Kandiwali(W), Mumbai‐400067

Witness

23 Dhirendra Ramniklal Doshi

Ramniklal Doshi

58 yrs Business 5, Moti Sagar, Keluskar Road(South), Shivaji Park, Dadar,Mumbai-400028

Witness

24 Porus Singh Saranjit Singh

29 yrs Lawyer 1104, E/1, Oval Nest, Survey No. 77/1, Warje, Pune- 058

Witness

25 Vijaykumar Jain Mahaveerprasad Jain

60 yrs Retired 36, Tarun Bharat Society, Flat No. 7, Vatsala Apartment, Sahar Road, Andheri (E), Mumbai

Witness

26 Atul Desai Kantilal Desai

61 yrs Business 603, Manoj society, Shankar

Witness

Ghanekar Marg, Prabhadevi, Mumbai- 25

27 Praful Shah Chandulal Shah

57 yrs Business 1101, A Wing, Waterford Building, Kailashpuri Society, C.D. Barfiwala lane, Juhu Galli, Andheri (w), Mumbai-58

Witness

28 Miss. Vijaya Sahajwala

Deepak Sahajwala

43 yrs Business 903/904, Apollo Towers,Raheja Acropolis I, Deonar, Mumbai- 28

Witness

29 Anil Sonthalia Shyamsundar Sonthalia

43 yrs Business 381, Shyam Bhavan,J.S.S. Road, Girgaon, Mumbai-02

Witness

30

Uttamchand Shah Dhuralal Shah 70 yrs Business G-51, Sarvodaya Nagar, 1st Panjarpol Lane, C.P. Tank, Mumbai-04

Witness

31 Padmanabha Naik Datta Naik 57 yrs Service A-21, Type 4. Ekta Vihar, CGS Colony, CBD Belapur, Navi Mumabi

Witness

32 Chirkoli Unikrishnan Ramkrishnan Unikrishnan

48 yrs Business B/102, Nanadkuttir CHS, Sector NO.3 Plot No. 21, Koparkherne,Navi Mumbai

Witnress

33 Ashok Kanawat Bhikabhai Kanawat

34 yrs Business Dev pura, Tal. Palanpur, Dist. Banaskata, Gujarat

Witness

34 Himanshu Patel Narendrabhai Patel

31 yrs Business Nagderi, Muktupur Village, opp. CNG Pump, Tal. Unja,. Mehsana, Gujarat

Witness

35 Chintaman Patil Shantaram Patil

46 yrs Service Hari Mahal CHS, D- 202, Sector No. 5/A, New Panvel (E)

Witness

36 Sanjay Padwal Kashaba padwal

37 yrs Service Regency Park CHS, Room No. 509, B Wing, Sector No. 5,Kharghar, Navi Mumbai

Witness

37 Miss. Chiteri Kumar Nikhil Kumar 29 yrs Service Block No. 1, Flat No. 2 Ground Floor, Sorab Bharucha Road, Colaba, Mumbai

Witness

38 Nikhil Saxena VinodKumar Saxena

31 yrs Service Block No. 1, Flat No. 2 Ground Floor, Sorab Bharucha Road, Colaba, Mumbai

Witness

39 Mukeshkumar Joshi Dhanram joshi 30 yrs Service 54, Patel Vas, WadliWalu, Paru, Tal.-Palanpur, Dist. Banaskata, Gujarat

Witness

40 Dilip Parmar Kanjibhai Parmar

28 yrs Watchman At Post- Shariyat, Tal. – Patan, Dist.- Patan, Gujarat

Witness

41 Vinodkumar Makwana

Raichandbhai Makwana

25 yrs Service Changwada, Tal.- Wadgam,

Witness

Dist. Banaskata, Gujarat

42 Rajesh Chaturvedi Srinivas Chaturvedi

36 yrs Business 703, Ambika Tower, Tekdi bunglow, Panch pakhadi Road, Thane (W)

Witness

43 Yogendra Mehta Kanhayala Mehta

54 yrs Service Harshasidhi Height, 6th Floor, Abdul Gafar Road, Worli Sea Face, Mumbai-30

Witness

44 Hemandra Nagar Rameshchandraji Nagar

33 yrs Service 21/71, Ward No. 21, Free Ganj, Shugalpur, Shahapur, M.P. – 465333

Witness

45 Devarajan Ramanathan

-------- 59 yrs C.A. A-603, Gundeja Altura, Opp. Xavier School, LBS marg, Kanjur Marg (W), Mumbai-78

Witness

46 Nagrajan Balasubramanian

------ 68 yrs Management Consultant

71, Bilmonte Tower, Mugal lane, Mahim (W), Mumbai-16

Witness

47 Bhagwatrao Pawar Dhadaji Pawar

71 yrs Chief Editor 401, Nandadeep, Opp. Patrakar Nagar, Gokhle Nagar, Pune- 16

Witness

48 Naishad Desai Pravin Desai 48 yrs Service 3, Serenity, Narimar Road, Vileparler (E), Mumbai- 57

Witness

49 Nirav Pandya Mahindra Pandya

42 yrs Service Block No.3, 1st floor, 22 Vijay Villa, Bajaj Road, Vileparle (W),

Witness

Mumbai- 56

50 Shrikant Javalgekar Yadav Javalgekar

58 yrs Service Flat No. 1001/1002, Tower No.3, Orchard Residency, LBS Road, Ghatkopar (W)

Witness

51 Mahesh Patel, Bhikabhai Patel,

27 yrs Service C Block, Umashankar –I, Inraj City, near Rajratna Society, Kadi Karan Road,Kadi, Mehsana

Witness

52 Sidharaj Solanki Dashtratbhai Solanki

30 yrs Service 405, Vinod Tower, Kadi, Mehsana, Gujarat

Witness

53 Rinkal Patel Dashratbhai Patel

25 yrs ----- Karan Nagar, kadi, Mehsana, Gujarat

Witness

54 Iqbal Patel Daud Patel 40 yrs Service Room No. 319, Coloaba Plot, Zuna Maidan, Jogeshwari (E),

Witness

55 Sidupan Bhaduri Surendra Bhaduri

63 yrs Service Hari Nivas, Plot No. 23, C Road, Churchgate,Mumbai- 20

Witness

56 Anita Nandwai Naresh Nandwai

46 yrs Business A-201, Evershine Granuar, Mind Space Call Center, Malad (W), Mumbai-64

Witness

57 Achintan Rai Mahindra Rai

25 yrs Service Jai Durga CHS ,Room No.A-1-5, Netaji Nagar, Sakinaka,Mumbai- 78

Witness

58 Thakur Raghupati Ramesh Raghupati

38 yrs Contractor Navrang Wadi, Opp. Mahindra & Mahindra , Hanuman Nagar, Kandivali (E) Mumbai

Witness

59 Pradeepkumar Shahu Daulatramji Shahu

45 yrs Grail Merchant Kiri Mohalla, Vidisha, Dist- Vidisha, MP

Witness

60 Shivnarayan Mahanto Shrirambachan Mahanto

47 yrs Service APMC Market, Gala No. 27/A, Palanpur, Gujarat

Witness

61 Manibhai Patel Chaturdas Patel 53 yrs Service 47, Shyam Vihar Bunglow No. 1, Mothera Road, Mehasana, Gujarat

Witness

62 Kirankumar Patel Kantilal Patel 30 yrs Serivce 11, Sukan, 121, Parapada Road, Palanpur, Gujarat

Witness

63 Bhagawansingh Shreeramsingh 34 yrs Serivce Khara Witness

Sagwaliya Sagwaliya Kuwawali Gali, Ganj Basoda, Dist- Vidisha, MP

64 Kiran Kumar Rana Tulshibhai Rana

32 yrs Serivce Kantheria Hanuman Road, Fansiya Tekda, Palanpur, Gujarat

Witness

65 Mukesh Gohil Subashchandra Gohil

35 yrs Service Durga Chowk, Talliya Mohalla, Vidisha, MP

Witness

66 Rameshwarsingh Dangi

Raghuveersing Dangi

30 yrs Service C/o- Krishna Kumar Joshi, jail Road, Near IT Office , Royal City Vidisha, M.P.

Witness

67 Abhaykumar Prasad Chandeshwar Prasad

42 yrs Service 99, Shivpur, Mehandru, Patna, Bihar

Witness

68 B.Puroshatam Naidu ----- 50 yrs Business Flat No. 68, 2-A, Doandecha Apt., Srinagar Colony, Hyderabad

Witness

69 N.Nageshwar Rao ------ 57 yrs Business Plot No.10, Road No. 2 , Banjara hills, Hyderabad

Witness

70 Amrendra Reddy Gopal Reddy 31 yrs Service Flat No. 109, Pearl Heights, Atta Road, Laxmi

Witness

Nagar, Hyderabad- 040

71 Pawan Talreja Motilal Talreja 24 yrs Service Barrack No. 578, Room No. 1, Baba Mangalram Chowk, OT Section, Ulhasnagar, Dist. Thane

Witness

72 Ramchandran E ------- 49 yrs Service Plot No. 250, Harvest , Opp. St. Anthony’s High School, Chembur, Mumbai- 71

Witness

73 Miss. Avani Ghagare Hemant Ghagare

28 yrs Service A-2/7047, Jaideep Park CHS, Opp. Fatima Chruch, Magiwada Main Road, Thane (W)

Witness

74 Ramesh Dhulsada Mahya Dhulsada

46 yrs Service B-6, Shivbaug Society, Opp. Gopal Park, Bhairavnath Road, Mani Nagar, Ahmedabad

Witness

75 Bhavesh Lakhwani

Mohan Lakhwani

42 yrs Business 13-A, Bhagyra Nagar Society, Behind City light Cinema, Mahim, Mumbai-

Witness

400016

76 Poulse M.I ------ 50 yrs Service A- 603, Shatrunjay Tower, Behind Medilink Hospital, Sataliete, Ahmedabad

Witness

77 Naresh Sharma Kumar Sharma 46 yrs Service House No. 1627, Sector No. 7, Urban Estate, Karnal , Haryana

Witness

78 Saji Cherian -------- 52 yrs Service 303, Awesome Heights, Ashok Nagar, Marol, Andheri (E), Mumbai- 72

Witness

79 Joseph Massey Daniel Massey

52 yrs Service Flat No. 702-C, Trans Residency-II, Subhash Nagar, MIDC, Andheri (E), Mumbai- 93

Witness

80 Zakir Hussain

Abdul Jalil Hussain

41 yrs service 9, Galaxy, Ramdeo Park, Beverley Park, Mira Road (E), Thane.

Panch

81 Anant Singh Chhitar Singh 43 yrs Lawyer 501, Ivory Height. Beverley park, Mira Road (E), Thane

Panch

82 Chandrakant Tayde Ganpat Tayde 57 yrs Service Om Shiv Nivas

Panch

Chawl, Near Shani Mandir, Room No, 14, Savarpada, Borivali (E),Mum-66

83 Pandharinath Pednekar

Yashwant Pednekar

58 yrs Service Vitthal Nagar, Devi Pada, Room No, B-406, Borivali (E), Mumbai

Panch

84 Avinash Dhannavat Shyamsundar Dhannavat

35 yrs Service Flat No. 704, Sai Drushti Building,Sai Complex, Near Hotel Hardik Palace Mira Road

Panch

85 Rajesh Nair Prabhakaran Nair

35 yrs Service 102, 5-B, Eden Roz Road, kanakia , Bevarly Park, Mira Road, (E)

Panch

86 Ram Murthy Naidu Silvarajan Naidu

45 yrs Service 604, Tapasya CHS, Near Ganpati Temple, Yashodhan Nagar, Pada No. 2, Thane (W)

Panch

87 Sayaji Ingale Dharma Ingale 32 yrs Service Lokmanya Nagar, Pada No. 2 Near Maratha School, Chavan Chawl, Room No, 1000, Thane

Panch

88 Mahadeo Vichare Sitaram Vichare

56 yrs Service PMJP, Priyadarshani Building No. 2, Flat No. 59, Mahakali Road, Andheri (E), Mumbai

Panch

89 Kishan Chandaliya Balkishan Chandaliya

20 yrs Service Mohsin Nagar, Behind Akruti Building, Mahakali Road, Andher (E), Mumbai

Panch

90 Santosh Sharma Baijnath Sharma

37 yrs A/R Driver Room No. 1, Arjun Gavand, Vashi Gaon, Maisor colony, RCF, Chembur, Mumbai‐71

Panch

91 Ramakejvan Yadav Sukhiram Yadav

37 yrs A/R Driver Room No. 306, Shivneri Sagarsha Nagar, Chandivali Sakinaka, Mumbai.

Panch

92 Ashfak Momin Rafibhai Momin

29 yrs Service Village Mudana, Mominvas, Tal. Sidhpur, Dist Patan, Gujarat

Panch

93 Deepak Panchal Ramanlal Panchal

33 yrs Service Villagae Sujanpur, Panchalvas, Tal. Sidhpur, Dist Patan, Gujarat

Panch

94 Laxmanji Mali Nemaji Mali 30 yrs Agricultural Wadali farm, Lan Hanumar Road, Disa, Banaskatta, Gujarat

Panch

95 Ramesh Solanki Talsaji Solanki 23 yrs Watchman Dhanera, Vaktapura, Banaskatta, Gujarat

Panch

96 Nimesh Patel Minubhai Patel 46 yrs Service Manipur Greens, Opp Sanskardham School , Gopal Sanad Road,

Panch

Manipur, Ahmadabad

97 Dineshbhai Vankar Manabhai Vankar

48 yrs Service Thor, Near Ram Temple, Tal.‐Kadi, Dist‐ Mehsana, Gujarat

Panch

98 Shailesh Doshi Mansuklal Doshi

57 yrs Service H/5, Shivam Plots. Opp. GEB, Vishnu Nagar Raod, Mehsana, Gujarat

Panch

99 Manoj Shah Amrutlal Shah 55 yrs Service 5, Hariom Villa, Vibhusha Road, Ghuma , Ahmadabad

Panch

100 Dilavar Singh Ramsingh Rajput

45 yrs ---------- 7, Laxmi Nagar Society, Naroda, Ahmedabad, Gujarat

Panch

101 Karanidan Gadhvi

Givdan Gadhavi 58 yrs Business F-67, Rhythm Flat, GIDC, Naroda, Ahmedabad, Gujarat

Panch

102 Bhavesh Darji Pareshbhai Darji 38 yrs Service Aditya Apt. 3rd Floor, flat No.5, Jai hind Society, Rambaug, Maninagar, Ahmedabad

Panch

103 Harenbhai Gandhi

Vinod Gandhi 40 yrs Service Aditya Apt. 4th floor, flat No.7, Jai hind Society, Rambaug, Maninagar, Ahmedabad

Panch

104 Saurabh Shah Rajendrakumar Shah 36 yrs Service A/406, Ratnadeep Tower, Near Arjun Tower, Ghat Lodia, Ahmedabad, Gujarat

Panch

105 Kaushal Patel Suryakant Patel 26 yrs Business 22, Ramesh Baug Society, Near Panchsheel Bus Stop, Usmanpura, Ahmedabad, Gujarat

Panch

106 Utpal Shah Prafulbhai Shah 37 yrs Business 15/274, Satyagrah Chavni, Jodhpur Tekda, Ahmedabad, Gujarat

Panch

107 Hemen Sanghvi

Niranjanbhai Sanghvi

41 yrs Service 405, Abhilasha Apts., 100 ft Road, Statlite, Ahmedabad, Gujarat

Panch

108 Mahesh Singh Parasnath Singh 40 yrs Business Singh Nivas Wadi, Survey No.53, City No. 13, Marve Beach, Near Parera Wadi, Malad (W)

Panch

109 Nadeem Shaikh

Mohmaad Shaikh 24 yrs Service Gate No.5 , Plot No. 7, Room No. 63, Near Old Collector compound, Malad, Malvani (w)

Panch

110 Ganesh Kaundar

P. kaundar 33 yrs Business Shivshai Chawl No.3, Nehru Nagar, S.V. road, Vileparle (W), Mumbai

Panch

111 Raj Pilloy Swaminath Pilloy 33 yrs Construction Shivshai Chawl No.3, Nehru Nagar, S.V. road, Vileparle (W), Mumbai

Panch

112 Kirankumar Patel

Kantilal Patel 30 yrs Service 11, Sukun, 131, Parpuse Road, Dist.‐ Palanpur, Gujarat

Panch

113 Girish Nemade Naryan Nemade 28 yrs Service L/404, Safal Parisar II, South Bopal, Ahmadabad, Gujarat

Panch

114 Mohan Chouhan

Laxmnsingh Chouhan 24 yrs Driver Sopaz Nagar, Jairambhai Chawl, chand Chidya, Near Giriraj Vibhag, Ahmadabad

Panch

115 Anilkumar Malik

Shivdayal Malik 54 yrs Doctor House No, 4036, Sector No, 46/D, Chandigarh

Panch

116 Rakeshkumar Kashmirilal 43 yrs Auto Riksha Driver

Village Behland, House No. 6, Chandigarh

Panch

117 Mohit Jungala Laggaram Jungala 21 yrs Service Flat No.304,Shalimar Apt. Near Vakola Pstn, Santacruz (E)

Panch

118 Ms. Mansi Rege

Nandkumar Rege 24 yrs Service 32, Kala Nagar,Prakash, Kalelkar Marg, Opp. Mhada, Bandra (E), Mumbai -51

Panch

119 Abdul Shaikh Kadar Shaikh 48 yrs Service Amina nagar, Room No, 301, IT Colony, Jogeshwari (E), Mumbai- 60

Panch

120 Pandit Parve Rambhau Parve 49 yrs Service Aarey Colony, 8/E, Gautam Nagar, Sai Nath Chawl, Goregaon (E), Mumbai-66

Panch

121 Sayeed Kuddus Maulana Kuddus 42 yrs Driver Bhadurpura, MN Travels,Banglore Highway, Old City, Hyderabad, AP

Panch

122 C.Nagraja H. Nagraja 47 yrs Service Ashok Nagar, 4/1, Near Ganesh Mandir, Nair hospital Center, Guntur, AP

Panch

123 C. Satishreddy H. Satishreddy 23 yrs Service Spin Cot Textile company Staff Quarters, Room No. 18, unnava, Maripalem,Guntur, AP

Panch

124

Raju Gautam Gati Gautam 36 yrs Tea Stall Subhash Nagar No. 2, Laxmi Chawl, Galli No. 6, MIDC, Andheri (E), Mumbai.

Panch

125 Jitu Titar Babusing Titar 29 yrs Service Subhash Nagar No. 2, Sai Dalit Seva Chawl Committee, MIDC, Andhei (E) Mumbai

Panch

126 Vijay Merasi Suryakant Merasi 35 yrs Service Sangam CHS, Room No. 20/02, Varsha Nagar, Parksite colony, Vikroli (W), Mumbai

Panch

127 Satish Bhambre Sitaram Bhambre 27 yrs Service Room No. 2, Waman Patil Chawl, Thakur Par Wadi, Borivali (W), Mumbai- 92

Panch

128 Mayank Darji Hasmukhbhai Darji 23 yrs Service 1617, Vasanti Building, Manchubhai Road, Malad (E), Mumbai

Panch

129 Kiran Koshti Mangesh Koshti 43 yrs Service 6, Panch Pandav, Kisan Nagar No. 3, Wagle Estate, Thane

Panch

130 Vishwant patade Mahadeo Patade 32 yrs Service BB Chawl, 16/15, N.M.Joshi Road,

Panch

131 Rajesh Sable Mahadeo Sable 35 yrs Service Kusum Nivas ,E wing, 2nd floor, off. Motesh Park, Tulinj Road, Nalasopara (E), Thane

Panch

132 Sandip Kanaskar Shankar Kanaskar 38 yrs Service Room No. 1, Asalfa Tekdi, Rahivasi Mitra Mandal ,Sane Guruji

Panch

Nagar, Ghatkopar (w), Mumbai- 84

133 Shantaram Gurav Maruti Gurav 39 yrs Service 3/308, PanchGanga Building, N.M. Joshi Road, Lower parel, Mumbai- 13

Panch

134 Sachin Gaikwad Baburao Gaikwad 34 yrs Service New Mahim Police Colony, Bldg. No.3, Room No. 94, S.L.Raheja Road, Mahim (W),Mumbai

Panch

135 Smt. Sheetal Mehta

Miten Mehta 38 yrs House wife 301, A- Vastu Building , Militrary Road, Juhu, Mumbai- 49

Panch

136 Anwar Husain Farukh Husain 21 yrs ------- Subhash Nagar hutment, Shukla Chawl No. 2, MIDC, Andheri (E), Mumbai 73

Panch

137 Mohmad Rizwan Shaikh

Shakir ali Shaikh 21 yrs ------- BMC Market, florodek plaza, opp. ICICI bank, Subhash Nagar hutment, MIDC, Andheri (E), Mumbai 73

Panch

138 Mahesh Mahadik Vishwas Mahadik 34 yrs Service Datta Digambar CHS. B-Wing Room No. 407, Gauri Shankar Wadi No. 1, Panthnagar, Ghatkopar (E), Mumbai- 75

Panch

139 Jitendra Shelar Dattaram Shelar 47 yrs Cabel operator 64/1898, Panthnagar, Ghatkopar (E)

Panch

140 Avadesh Kahar -------- 25 yrs Hawker Room No. 107, New Marwadi Chawl, Senapati Bapat Marg, Dadar (W), Mumbai

Panch

141 Kartik Jamaliya Pravinbhai Jamaliya 24 yrs Hawker Room No. 107, New Marwadi Chawl, Senapati Bapat Marg, Dadar (W), Mumbai

Panch

142 Rajkumar Kanojiya

Umashankar Kanojiya

32 yrs Watchman Servant Quarters, Vijay Co.Op Housing, Link Road, Malad (W), Mumbai‐ 64

Panch

143 Ramchandra Kolekar

Shankar Kolekar 45 yrs Business Sagar Kuttir Zopadpatti, 7th Bunglow, Versova, Andheri (W), Mumbai

Panch

144 Jairam lamor Dhondiba Lambor 35 yrs Business M.P.Mill compound, Shop No.4, Tardeo (W), Mumbai- 34

Panch

145 Jagdish Maru Kisan Maru 40 yrs Labour BMC Chawl, Kholi No. 105, K Block, Tulsiwadi, Bajibhai Rathod Marg, Tardeo, Mumbai‐ 34

Panch

146 Bhimraj patel Vairashi Patel 40 yrs Business Lalubhai Park, Shastri Nagar, Shiv Shankar Paper Mart, Andhei (W), Mumbai- 50

Panch

147 Mangesh Gavade Sahdev Gavade 50 yrs Business Jivkar Wadi, Damuanna Chawl No. 1, Kholi No. 3, Andheri (E), Mumbai

Panch

148 Ramesh Pujari Sundra Pujari 32 yrs Service Kalpita Enclave hotel, Kol Dongri Andheri (E), Mumbai – 96

Panch

149 Vinod Abhiman Sundarmal Abhiman 31 yrs Service Damu seth Chawl, Damu Compound, Akurli Road, Andheri (E), Mumbai- 16

Panch

150 Ashok Katariya Rajkumar Katariya 33 yrs Service RH-1-k-16,Sector No. 1, Vashi, Navi Mumbai

Panch

151 Santosh Tajme Baban Tajme 31 Yrs Service B-4, Laxmi wadi, Chendani Koliwada, Thane

Panch

152 Dhirendra Gaikwad

Milind Gaikwad 22 yrs ----- D-7/1, Ravi Nagar, Govt. Colony, Opp. Ambazari P.Stn, Nagpur

Panch

153 Hari yadav Chotelal Yadav 40 yrs ----- New Futala, Near Hanuman Mandir, Amravati Road, Nagpur.

Panch

154 Nitin Sutar Suresh Sutar 25 yrs Carpenter At Post– Navghar, Tal‐ Sudhagad, Dist‐ Raigard

Panch

155 Dnyaneshwar Kalbhore

Gajanan Kalbhore 43 yrs Business At post‐ Jambhulpada, Tal‐ Sudhagad, Dist‐ Raigard

Panch

156 Kuram Jaichandran

Tirumalam Jaichandran

31 yrs Servcie 56/003, River Wood Park CHS, Kalyan Shell Road, Khidvali. Thane

Panch

157 Rahul Yeole Bharat Yeole 23 yrs Service Shivaji Nagar, Vyas Mandir Road, Yaval. Dist- Galgaon

Panch

158 Parshuram Chavan

Ramdeo Chavan 60 yrs Broker K‐L‐2,Building No. 13, Room No. 6, Kalamboli Colony, Sector No. 5/E, Navi Mumbai

Panch

159 Dnyashwar patil Shantaram Patil 42 yrs Service K‐L‐2,Building No. 13, Room No. 13, Kalamboli Colony, Sector No. 6, Navi Mumbai

Panch

160 Manoj Shinde Hindurao shinde 33 yrs Service Room No. 33, Vijayati Bldg, 3rd floor, Road No. 16, Kisan Nagar, Thane

Panch

161 Shailesh Kumar Singh

Vasudeo Singh 32 yrs Service Hari seth Chawl. Room No. 94, Pendar Village, Near Taloja P Stn.

Panch

162 Matesh Shivdasani

Ambika Das Shivdasani

51 yrs Service Rajkamal CHS, E/7/3/1, Sector No. 10, Kalamboli, Navi Mumbai

Panch

163 Tribhuvan Singh Vasudeo Sing 42 yrs Service Hari seth Chawl. Room No. 95, Pendar Village, Near Taloja P Stn.

Panch

164 Rohit Parekh Vasant Parekh 32 yrs Service 3, Kender Dyne Lane, Kolkatta‐12

Panch

165 Chandan singh Rameshwar Singh 33 yrs Service 7/2, ShashiShekar Bhose road, Kolkatta‐ 25

Panch

166 Choteram Kashap

Ramjage Kashap 22 yrs Service Raisaheb laxmi Narayan Dharamshala, Fattepuri, Opp. Lal Killa, Delhi‐ 06

Panch

167 Dularchand Mandal

Gopal Mandal 42 yrs Service 4/28, Naya bazaar, opp. Oriental bank,Delhi‐06

Panch

168 Raiz Khan Khan Gulzar Khan 27 yrs Business Ward No. 26, Old Bus Stand, Bharkapara, House No, 36, Ranjangaon, Chattisgarh

Panch

169 Ishwarsingh Rajput

Uttamsingh Rajput 25 yrs Business Old Bus Stand, Ward No. 26, Bharkapara, Rajangaon, Chattisgarh

Panch

170 Kanubhai Chammar

Laxmanbhai Chammar

40 yrs Service Gram Devda, Tal.‐ Vijapur, Dist‐ Mehsana, Gujarat

Panch

171 Prithvisingh Veeol

Dalpatsingh Veeol 35 yrs Service Gram Vadasan Tal.‐ Vijapur, Dist – Mehsana, Gujarat

Panch

172 Rajnikant Shreemali

Narayanbhai Shreemali

33 yrs Service 36, Rasian Nagar, Sidhpur highway, hansapur, Patan, Gujarat

Panch

173 Chetankumar Raval

Kantilal Raval 28 yrs Service Khanpur,Kodi villagae, Patan, Gujarat

Panch

174 Rasikmodi Modi dayalal Modi 35 Yrs Driver Infront of Uniya mata mandir, Tal‐ Unja, Dist.‐ Mehsanan. Gujarat.

Panch

175 Nathabhai Patel Hargovindbhai Patel 56 yrs Agricultural At Post‐Varvada, Tal.‐ Unja, Dist.‐ Mehsanan. Gujarat.

Panch

176 Pinalkumar Patel Ishwarlal Patel 30 yrs Service Chandra Nagar, Behind Patel High School. Tal. Unja, Dist. Mehsanan.

Panch

Gujarat.

177 Pareshkumar Vyas

Natwarlal Vyas 37 yrs Business 2/Somayya Apt. opp. Kaplieshwar Mahadeo, Kalol, Dist Gandhi Nagar,

Panch

178 Harnik Khosala Sarvansingh Khosala 36 yrs Business Gayatri Temple, Abu genu Paru, Kalol, Gandhi Nagar

Panch

179 Pranya kumar Barot

Manharlal Barot 34 yrs Business C‐11, Sardar Nagar Soc., Near Ambika P. Chowky, Kalol, Gandhi Nagar, Gujarat

Panch

180 Raju Sindhi Daulatram Sindhi 40 yrs Business Vyapari Geen, Mangalgirdhar press, Near Aram Guest house, Kalol,

Panch

181 Prakash Mahale Namdeo Mahalae 51 yrs Driving Sampatrao Compund, Behind Panchsheel hotel, Alkapuri, Baroda

Panch

182 Yogesh Padriya Purshotam Padriya 46 yrs Business 8, Asho Palav Society, Opp. A.S. Motor Service Center, Chani Road, Baroda.

Panch

183 Raju Chavan Shyamji Chavan 26 yrs Hawker Esplanade court Compound, Azad Maidan P.Compound, Mumbai-01

Panch

184 Tukaram Borate Ramchandra Borate 48 yrs Labour Raffik Nagar Zopadpatti, Road No.1, Behind Irani Masjid,Shivaji Nagar,Govandi,Mumbai-43

Panch

185 Kamleshwar Choube

Jaggannath Choube 43 yrs News Paper Wender

Room No,112/A, Lala Nigam Road, Azad Nagar, Coloaba market colaba

Panch

186 Shivakumar Shilpkar

Rajesh Shilpkar 28 yrs Tea Stall Shivshakti Nagar, General Jagganath Bhosale marg, Near Mari Mata Mandir, Nariman Point, Mumbai.

Panch

187 Nitin Jain Prakash Jain 29 yrs Service Opp. Irigation department, Tal.‐ Salamatpur, Dist.‐ Raisen, MP

Panch

188 Buphen Rajput Imratsingh Rajput 22 yrs Car driver Tallya Galli No. 2, Citi Kotwali, Dist.‐ Vidhisha, MP

Panch

189 Atul Patel Ramchandra Patel 39 yrs Service Ganeshpura, Near Shiv Mandir, Near Palanpur, Gujarat

Panch

190 Rajendraprasad Sharma

Dharmaramji Sharma 40 yrs Service A/30, FMC Market, Bhavani Traders, Palanpur, Gujarat

panch

191 Bhaven Thakkar ‐‐‐‐‐ 28 yrs Business 105, Sai complex, Gobri Road, Palanpur, Gujarat

Panch

192 Kiran Rana ‐‐‐‐‐ 32 yrs Service Kandheriya Hanuman Road, Transiya Tekda, Palanpur, Gujarat

Panch

193 Ishwarbhai Patel Dungarbhai Patel 28 yrs Service Jasanwada Gaon, Po.Tal. Bhabar, Dist. Banaskata, Gujarat

Panch

194 Sagarbhai Rabari Jorabhai Rabari 22 yrs Service Thara Gaon, Post‐ Thara Tal.‐ Kakereje, Dist‐ Banaskatta

Panch

195 Narendragiri Goswami

Chandangiri Goswami

22 yrs Service Thimba Chodi, Tal. – Vadgaon, Banaskatta, Gujarat

Panch

196 Hemrajbhai Choudhari

Raghunathbhai Choudhari

18 yrs Agriculture At Post. Tal. – Vadgaon, Banaskatta, Gujarat

Panch

196 Arvind Panbar Rameshwar Panbar 34 yrs Service G‐26, Hindan Vihar, Sector 49,Noida,

Panch

197 Mohit Man Jaipal Man 24 yrs Agricultural House No, 196, Village Hammidpur, Near Dal Mill, Delhi‐ 36

Panch

198 Satyaprakash Singh

Raghubir Singh 56 yrs Watchman 16, Village Khera kala, Delhi‐ 82

Panch

199 Sandip Kumar Shrikishan 28 yrs Service B‐112, Laxmi Garden, Loni, Gaziyabad, UP

Panch

200 Ombir singh Ramkishan Singh 50 yrs Farmer Village Bausli, House No. 50, Delhi‐ 36

Panch

201 Gaurav Chavan Sukhbirsingh Chavan 26 yrs Farmer Village Bausli, House No. 60, Delhi‐ 36

Panch

202 Rinku Namdeo Jagdishprasad Namdeo

25 yrs Business Nanaji wadi gali, Near Free Gunj High School, Ganj Basoda, Vidisha, MP

Panch

203 Pramod Jain Jaikumarji Jain 28 yrs Business Ward No. 3, Room No. 3, Gali No. 3, Nehru Chowk, Ganj Basoda, MP.

Panch

204 Krishnalal Bachanlal

‐‐‐‐‐‐‐ 40 yrs Business House No. 1510, Sector No. 13, Karnal, Haryana

Panch

205 Balindar Singh Malkham Singh 25 yrs Business Village‐ Basatatha, Tal.‐Gharonda, karnal, Haryana

Panch

206 Chiranjilal Kashayap

Bharatsinghji Kashayap

54 yrs Watchman 352, Tarun Enclave, Pritampura, New Delhi, - 34

Panch

207 Vijaysingh Dharamsingh

49 yrs Watchman Room No. 41, At. Post Khaujwala, Delhi

Panch

208 Balwant signh Ajmet singh 22 yrs Service Sanghol, Tal- Khamanon, Fatehgarh sahib, Punjab

Panch

209 Mandeep Singh Kuldeep Singh 23 yrs Service House No.138, Ward Panch

No.4, Khamanon, Fatehgarh sahib, Punjab

210 Shammi Shri Saren

Triloknath Saren 61 yrs Service 249, Rani ka Baug, Near Arya Samaj Mandir, Amretsur, Punjab

Panch

211 Premshri Soni Haveliram Soni 69 yrs Business 187-C, Rani Ka Baug, Near Arya Samaj Mandir, Amretsur, Punjab

Panch

212 Subhash Varma Chand Varma 62 yrs Service 28, Laxmi Nagar, PS kutubsher, Dist Saharanpur, UP

Panch

213 Sachin kumar Ashokkumar 27 yrs Service House No. 6/154, New Mahadu Nagar PS Kotwali City, Saharanpur, UP

Panch

214 Haji Kamrul Jama

Haji Sharif Ahmed 55 yrs Hosiery Work Mohalla Jafar Nawas, house No, 784, PS Kotwali City, Saharanpur, UP

Panch

215 R Shrinivasan -------- 54 yrs Service 7-A/2. Raghuvendra Street, Venkatapuram, Ambathur, Chennai- 53

Panch

216 Jitendra Dave Gunmantlal Dave 43 yrs Service Old No.4, New No.5, 6th Main Road, Ellai Aman Nagar, Korattur, Chennai- 76

Panch

217 Rohit Shrikarma Singh

‐‐‐‐‐‐‐ 26 yrs Business Room No. 391, NIG Police Complex, Madhuban, Karnal, Haryana

Panch

218 Deepak bal Singh ‐‐‐‐‐‐‐ 22 yrs Service Village‐ Kairvali, Madhuban, Karnal, Haryana

Panch

219 Balvindar singh Karke Singh 31 yrs Service Village‐ Bajida Rodam, Nishing, Karnal, Haryana

Panch

220 Sanjaykumar ShriRamsarup 40 yrs Business Room No.585, Dayal pura, karnal, Haryana

Panch

221 Anil kumar Gupta

Rajkumar Gupta 42 yrs Business House No. 334, Sector No. 6, Urban Estate, Karnal, Haryana

Panch

222 Surendra Sharma Nannaram Sharma 30 yrs Service Village Kachava, Tal Karnal, Dist‐ Karnal, Haryana

Panch

223 Pradeepkumar Ranapatsingh 24 yrs Agricultural Village Barsana, Tal‐ Pundri, Dist‐ Kathal, Haryana

Panch

224 Gurdeep Sharma Roshanlal Sharma

26 yrs Service Raipur, Rodana Gaon, Arjdi, Nilokhadi, Karnal, Haryana

Panch

225 Harishkumar Sharma

Girdharilal Sharma

33 yrs Service Room No. 1,2,3/12, Shanti Nagar, Galli No.2,

Panch

Kurushetra, Haryana

226 Muthuvarpur Rambabu

Vainkut buchaich 45 yrs Farmer House No. 2‐44, Khallada, Dist‐ Khammam, AP

Panch

227 Sherapuda Ramu Narshimrao Ramu 32 yrs Grossary Shop Mallarum, House No. S‐37/A, Khallada, Dist‐ Khammam, AP

Panch

228 Bodasingh Ramanakumar 28 yrs ------ House No.8, 41, Kotha, Petha, Rajamundri,East Godavari, AP

Panch

229 Gudikandhula Ravikumar

Rajaih Ravikumar ----- ----- House No. 37, 45, Village Kamlapur, Dist. Karim Nagar, AP

Panch

230 G. Gollapalli Sambhya

Samaya Sambhya

35 yrs ------ Police Head Quarters, Back side of Ram Nagar, Iron Shop

Panch

231 Raju Mandroi D. Mandroi 30 yrs Service Mandrai, Sangam Mandal, Dist. Warangana, A.P.

Panch

232 Pinane Naryanan Venkateshrao Naryanan

40 yrs Business 16/3/285/1, Ekshila Nagar, Warangana , A.P.

Panch

233 Prafulchandra Pujari

Anand Pujari 37 yrs Service D/2-03, Platinum City Apt., Yashwantpur, Banglore- 22

Panch

234 Venketash Naik Ramswami Naik 38 yrs Service 84/13, 6th main, Shrinivas Nagar, Sambhuda kate, Banglore- 91

Panch

235 Athik Suleman ------ 35 yrs Business 40/4, Level Road, Banglore – 08

Panch

236 Ranjit Chouhan Raj Chouhan 21 yrs Service Ibrur, Sarjapur Road, Banglore

Panch

237 Deepakkumar Chaudhari

Bhagwan Chaudhari 34 yrs ‐‐‐‐‐ Gram Masdi, Post. Sultan gung, Dist. Bhagalpur, Bihar

Panch

238 Ravikumaranand Tanti

Nakul Tanti 29 yrs ‐‐‐‐‐‐ Gram Jahangira, Sultangung, Dist‐ Bhagalpur, Bihar

Panch

239 Ravindra Kudapakar

Vasudeo Kudapkar 40 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asstt. I.O.

240 Dinesh Joshi Bhalchandra Joshi 50 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai – 400001

Asstt. I.O.

241 Dhumal ‐‐‐‐‐ 48 yrs Service Office of Crime Branch Mumbai‐ 01

Asstt. I.O.

242 Prashant Marde Kashinath Marde 44 yrs Service Anti Narcotic Cell, Azad Police Station Compund, Mumabi‐ 01

Asstt. I.O.

243 Sunilsingh Pawar Chandra singh Pawar

44 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asstt. I.O.

244 Sanjay Pawar Mahipatrao Pawar 44 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asstt. I.O.

245 Atul Kedar Sanjay Kedar 32 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

246 Swapnil Unavane Kachru Unavane 29 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

247 Priyanka Mahtre Suresh Mahtre 26 yrs Service Women Volience Preventive Branch, Crime Branch Commissioner of police compound, Mumbai – 400001

Asst. I.O.

248 Sulbha Patil Mahadev Patil 46 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

249 Ratnadeep Naik Rajaram Naik Service Office of the Special Task force, STF Building, Esplanade Court Campus, CST, Mumbai – 400001

Asst. I.O.

250 Shashikant Pawar

Wamanrao Pawar 41 yrs Service Office of the Economic Offence Wing, Unit – II, Yellowgate P.Stn Building, 2nd floor, Carnak Bandar Mumbai – 400001

Asst. I.O.

251 Prabhakar Loke Babaji Loke 48 yrs Service Office of the Economic Offence Wing, Unit – V, Esplanade Court Campus, CST, Mumbai –01

Asst. I.O.

252 Satish Kasbe Krishnarao Kasbe 46 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

253 Dinkar Shilavate G. Shilavate Service Cyber P.Stn. BKC P.Stn, Mumbai

Asst. I.O.

254 Vinod Sawant Ramchandra Sawant

53 yrs Service Office of the Economic Offence Wing, Unit – VII, Zone –I office Building, Mumbai‐ 400001.

Asst. I.O.

255 Rajendra Mohite Jigaba Mohite 48 yrs Service Office of the Economic Offence Wing, Unit – II, Yellow gate P.stn building, Mumbai

Asst I.O.

256 Prasad Satam Jagganath Satam 43 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

257 Baliram Hire Vitthalrao Hire 49 yrs Service Office of the Economic Offence Wing, Unit – II, Yellow gate P.stn building, Mumbai

Asst I.O.

258 Rajendra Pardeshi

Sadashiv Pardeshi

52 yrs Service Office of the Economic Offence Wing, Unit – II, Yellow gate P.stn building, Mumbai

Asst. I.O.

259 Nitin Unhavane Motiram Unhavane 44 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

260 Vilas Kanade Vitobha Kanade Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai – 400001

Asst. I.O.

261

P. Tambe Eknath Tambe 42 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

262 Anil Padwal Devram Padwal 41 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

263 Sanjay Marathe Sadashiv Marathe Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

264 Nitin Yadav Vinayak Yadav 43 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

265 Babasaheb Bedare

Banda Bedare 45 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

266 Sanjay Joshi Shrinivas Joshi 42 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

267 Ankush Konde K. Konde Service Office of the Economic Offence

Asst. I.O.

Wing, Unit – III, Commissioner of police compound, Mumbai –01

268 Deepak Sawant ‐‐‐‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

269 Nitin vijaykar Bhikaji Vijaykar 44 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

270 Shashikant Meher V. Meher 52 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

271 Bhagirat Shelke P. Shelke 51 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

272 Smt. Jayshri Gajbhiye Jitendra Gajbhiye

‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

273 Sudhakar Shirsat Baburao Shirsat

47 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

274 Subhashrao Borate Anandrao Borate


Asst. I.O.

275 Sidharath Kasbe krishnarao Kasbe

51 yrs Service Office of the Economic

Asst. I.O.

Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

276 Snehal Pawar Bhanudas Pawar


Asst. I.O.

277 Vinod Sawant R. Sawant ‐‐‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

278 Vijay Shinde Rajaram Shinde

56 yrs Sevice Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

279 Sanjay Govilkar Yashwant Govilkar

‐‐‐‐‐ Sevice Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

280 Vasant Dorugade Daji Dorugade 55 yrs Sevice Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

281 Vasudeo Jamdade Ramchandra Jamdade


Asst. I.O.

282 Rajeev Sawant Arjun.Sawant 50 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

283 Atul Dahifale J. Dahifale ‐‐‐‐‐ Service Cyber Police Station , Commissioner of police compound, Mumbai –01

Asst. I.O.

284 Nikhil Kapse Krushnarao Kapse

50 yrs Service Office of the Economic Offence Wing, Unit – III,

Asst. I.O.

Commissioner of police compound, Mumbai –01

285 V. kamble P. Kamble ‐‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

286 Shailesh Anchalwar Laxminarayan. Anchalwar


Asst. I.O.

287 Hanumant Borate Vitthal Borate ‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

288 Sanjay Govilkar Yashwant Govilkar

‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

289 Prakash Salvi ‐‐‐‐‐‐‐ ‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

290 Anant Dhandore Kakasaheb Dhandore


Asst. I.O.

291 Sunil Bhoite Shankarlal Bhoite

‐‐‐‐‐ Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

292 Keshav Sanap Nivruti Sanap 51 yrs Service Office of the Economic Offence Wing, Unit – III, Commissioner of police compound, Mumbai –01

Asst. I.O.

293 Milind Sonavane Service Missiing Person Beuro, Crime Branch, Mumbai

Asst I.O.

294 Sanjay Khedekar Sudam Khedekar

45 yrs Service Sales Tax, S.T.F, Crime Branch, Mumbai

Asst I.O.

295 Dilip Rupawate 50 yrs Service Office of the Economic Offence Wing, Commissioner of police compound, Mumbai – 400001

Asstt. I.O.

296 Dattatrya Thopate Maruti Thopate

44 yrs Service Office of the Economic Offence Wing, Unit – V,

Asst. I.O.

14. F.I.R. is false, indicate action taken or proposed to be taken u/s 182/211 IPC. – F.I.R. is not false.

15. Result of Laboratory Analysis: Awaited.

Esplanade Court Campus, CST, Mumbai – 400001

297 Arvind Wadhankar Narayan Wadhankar

49 yrs Service Office of the Economic Offence Wing, Unit – V, Esplanade Court Campus, CST, Mumbai – 400001

Investigating Officer

Form: 5-E 16. Brief Facts of the Case ( Add Separate sheet, if necessary): izdj.kkph FkksMD;kr ekfgrh ¼vko’;d vlY;kl iqjo.kh dkxn tksMkok½ The NSEL was incorporated as a company under the Indian

Companies Act, 1956 in or around May 2005. The promoters of NSEL are

Financial Technologies (India) Ltd (“FTIL”) and the National Agricultural

Cooperative Marketing Federation of India Limited (“NAFED”). FTIL owns

99.99% of the shareholding of NSEL and NSEL is a subsidiary of FTIL. FTIL

is a company also registered under the Companies Act, 1956.

The National Spot Exchange Limited is a spot exchange, which was

originally conceptualized by the Government in consultation with FMC in

the year 2006. NSEL commenced operations pursuant to the Gazette

notification dated June 5, 2007, issued by Ministry of Consumer affairs,

Food and Public Distribution, Govt. of India, and has been working under

various segments; one such segment was of ‘one day forward’ contract.

NSEL is an electronic platform that facilitated trading in 52 commodities

Commodity spot trading is about buying and selling a commodity,

paying cash for and receiving your goods on the ‘spot’. This is called ‘ready

delivery contract’ under FC(R) Act, 1952. Which signifies that the buyer

and seller agree on a price and ‘deliver’ their side of the contract

immediately. NSEL is a spot exchange designed to help this activity, with

the added feature of being electronic (so buyers and sellers can be in

different locations) and anonymous (the buyer and seller don’t know who

the other side is). The important feature of any such exchange is that the

exchange has to stand guarantee subject to its bye laws to either party that

it will ensure that the contract is settled. If the buyer can’t bring in the

money for any reason, the exchange should then sell the goods to someone

else and recover the money (and make up the difference). And a similar

exercise if the seller defaults. Now, when the seller and buyer are far away

from each other, how does the exchange guarantee delivery? The idea is

that the seller must come to an exchange-designated warehouse and give

his goods, which are then tested and verified for quality and weight. He

then gets a warehouse receipt (WR) that is used for electronic trading.

When he sells on the exchange, the warehouse receipt is transferred to the

buyer; this receipt entitles the buyer to take the goods out of the

warehouse, or if he chooses, to retain the goods there (to sell them later) by

paying the warehouse rental charges.

There are FCR Act and rules governing commodity trading, which is

regulated firmly by the Forward Market Commission (FMC). Under the

Forward Contracts Regulation Act, any contract that is called “spot” must

be settled within 11 days – that is, both delivery of goods and transfer of

money must happen within 11 days (called “T+11”). The 11 days give the

buyer and seller time to complete the contract. Thus, this would then not

become a “forward” contract. Spot contracts, by their nature, were deemed

to be out of FMC regulation by a notification in 2007 by the Department of

Consumer Affairs. This exemption was given specifically for one-day

duration forward contracts – or, technically those contracts are concluded

within two days and both delivery of goods and transfer of money happens

within the time period as per one day forward contract .

The NSEL started its full-fledged operations around 15th October

2008. They launched their first trader contract namely Silver/Gold in intra

trading in Kolkata. Thereafter they launched different types of contracts

like farmer contract, paired contract and E-series contract. The T+2 and

T+25 days contracts are together traded are called duel contracts/paired

contracts. The first trader duel/paired contract was launched on 22nd

September 2009. Thereafter several such contracts were launched.

The Trader’s Contracts were represented to work as under:-

The seller was required to deposit his stocks in warehouses which

were approved and designated by NSEL on or before T, with T being the

‘trade date’. NSEL was responsible for checking and verifying the quality

and quantity of the underlying commodities and goods are required to be

compulsorily weighed at the designated weigh bridge/weigh scale and will

be monitored and certified by the warehouse supervisor. Upon NSEL

certifying the same, NSEL issued a warehouse receipt which was

evidencing proof of ownership of a stated quantity of commodities of a

stated grade and quality by the beneficial owner or the holder of the

certified warehouse receipt. The depositor receives the photo / scanned

copy of the warehouse receipt and the original is retained by the Exchange

to transfer to the buyer upon the onward sale by the depositor.

Additionally, , a delivery margin of around 10% of the value of the goods

was to be paid by the depositor to the Exchange.

On T, the Investor would enter into a contract to buy the commodities

with T + 2 delivery cycle. Simultaneously, the Investor would also enter into

a contract to sell the commodities with a T + 25 delivery cycle. On T+2,

NSEL would issue a delivery allocation report in which the quantity and

location of the commodities purchased would be mentioned. The allocation

report contained details of the end client, warehouse receipt No, Lot/QC

No. and warehouse location. Further, it included a confirmation from NSEL

that the original warehouse receipts were in their custody.

As the original warehouse receipts were in the custody of the

Exchange, NSEL vide its policy asked the Investors (who were the sellers in

the T+25 contract) to retain the goods in the Exchange certified and

designated warehouse until 25 days passed as pre pay-in through

warehouse receipts against sale obligation. On the 25th day, the Exchange

would then collect the money for the Investor and would then release the

goods to the buyer. NSEL was therefore the custodian of the goods from the

time of purchase under the T+2 contract till the time of its sale and was

responsible for its safe custody.

As is usually the norm in any electronic exchange, when a client

trades on the anonymous order driven trading system on the Exchange, the

buyer does not know the seller and in the same way the seller does not

know the buyer. But in case of the paired contracts, always the counter

party is known through invoices.

Not only did NSEL permit investors to participate in these contracts

but in fact NSEL actively encouraged and induced investors to enter into

such dual transactions. This active inducement was not just by

highlighting the possible benefits available due to the price differential but

also by providing economic rationale to investors by waiving storage

charges for those members and their constituents who sell the product on

the longer duration contract out of delivery receivable against the purchase

position of the shorter contract. Accordingly, many Members also actively

marketed these contracts. Moreover, NSEL retained the warehouse receipts

issued by it which were to be used to discharge margin obligations on the

trades.

The NSEL has 820 members of different categories which are as

under:-

TCM - Trading Cum Clearing Member, TM - Trading Member,

ITCM - Institutional Trading Cum Trading Member, PCM - Professional

Clearing Member, TCM - A - For All Agri-Commodities all Delivery Centres

in a State, TCM - B - For Single Agri-Commodity All Delivery Centres in a

State, TCM - C - For Single Agri-Commodity Single Delivery Centre in a

State, TCM - Pulses - For Pulses in a Particular State

The members were required to register the client prior to executing

trades on their behalf. For this purpose, the members required their clients

to submit the duly filled in prescribed ‘Know Your Customer’ form and

execute the member – client agreement with the members. Thereafter, the

members would upload the relevant details in the Exchange software in

order to generate the Unique Client Code (“UCC”). Once the UCC was

generated, the client was permitted to execute trades through the

members. There are around 13,000 clients of the above Members of the

NSEL.

The trades were generally executed by members on behalf of their

clients in the following manner:

i. On the Trade Date (T), the following actions take place:

a. the trade is executed by the member on behalf of the client;

and

b. pursuant to execution of the trade, a confirmation E-mail

was sent by the member to the client along with the

provisional return computation on the trade;

ii. On T+1, a contract note is issued by the member to the client

for the Buy and Sell side;

iii. On the same day or prior to it, Member collects monies from the

clients

iv. On T+2, the following actions will take place:

a. pay in of funds by the member on behalf of the client for

the trade; and

b. pay out of commodity (the Warehouse Receipt for which is

retained by the Exchange as early pay in for the pay in

obligations for the T+25 trade);

v. On T+3, client wise delivery allocation report for the executed

trade is available on the Exchange interface for download by the

member;

vi. On T+25, the trade is settled by way of pay out of funds.

All trades, T+2 and T+25, are settled in accordance with the Settlement

Calendar issued by NSEL for that month.

Following is one of the examples of a trade carried out at the platform

of NSEL in T+2 & T+25 contract.

One client buys 5,100 bags of paddy Basmati traditional contract ex

Haryana (Settlement cycle T+2) @ Rs.3651.70/- (Total amount

Rs.93,11,835/-) on trade date (21/05/2013) and sale the same quantity

(Settlement cycle T+25) @ 3712/- (Total sale amount Rs.94,65,600/-). On

T+2 i.e. on 23/05/13 client makes payment to the NSEL through trading

member and gets the delivery of commodity, which is retained by the

exchange against the sale position of the client. Similarly, counter party

sells the commodity on T+2 and deposit the goods in the designated

warehouse of the NSEL and issues warehouse receipts to the depositor who

in turn give it to the NSEL. On the same day the seller of T+2 buys the

same goods in T+25 contracts. Selling and buying prices are reflected on

the online platform of NSEL. On T+2 the seller receives money from NSEL.

On T+25 the same seller becomes buyer and buyer will receive goods

whereas the T+25 sellerwho is the original buyer in T+2 (the investor) will

get the monies back i.e. on 25/06/13.

The trading on the platform of NSEL continued smoothly till mid July

2013.

Suddenly, NSEL informed the public, for the first time, by way of the

Press Note issued on July 15, 2013 that NSEL had received a directive from

the Department of Consumer Affairs on July 12, 2013 (“DCA Directive”) to

submit certain undertakings to the effect that (a) new contracts would not

be launched until further instructions from the concerned authority; and

(b) existing contracts should be settled on the due date. However, in the

said Press Note, NSEL clarified that the existing business in the running

contracts traded on spot exchanges will continue without any disruption

and further stated that since spot exchanges do not have concepts like ‘due

date’ (unlike futures contracts), NSEL was seeking further clarifications on

the same. Effectively, the Complainants were led to believe that the trades

on NSEL would continue without disruption and would continue to remain

safe and risk free.

By a circular dated July 16, 2013, NSEL issued certain further

clarifications on the DCA Directive. The said Circular stated that NSEL was

in the process of submitting the required undertaking to the Government

and therefore, no fresh circulars for launching new commodities, products

or centres will be issued by NSEL. The Circular further stated that all

trades will continue to be settled on the respective delivery dates in

accordance with the delivery and settlement procedure.

NSEL issued a Circular dated July 22, 2013 making certain changes

to the settlement procedure for trades with effect from July 23, 2013. This

announcement changing the settlement schedule at such short notice

sparked panic in the market, resulting in a further reduction of the

volumes being traded on NSEL, which in turn impacted the margins of the

trades The NSEL issued circular on July 31, 2013 stating that there had

been “loss of trading interest in the market due to underlying uncertainties,

which led to trade in-equilibrium”. Further, the Circular stated and directed

that the NSEL Board was satisfied that continuation of trade in one day

forward contracts other than e-series contracts is not in the interests of the

market and that it is expedient in the general interests of trade to inter alia

suspend trading in all one day forward contracts (except e-series contracts)

until further notice and, notwithstanding anything in the NSEL Bye-laws or

any contract, merge the delivery and settlement of all such contracts and

defer settlement by 15 days.

In a declaration published on the website of NSEL that, as of July 29,

2013, the Exchange had maintained approximately Rs. 840,00,00,000

(Rupees Eight Hundred and Forty Crores) in the settlement guaranty fund

(SGF). However, the details of SGF were not given.

NSEL then issued a Circular dated August 3, 2013 for the closeout or

annulment of trades executed on July 29, July 30 and July 31, 2013,

which are due for settlement on or after July 31, 2013. By this circular

NSEL informed all members that it had refunded the pay-in received from

the members pertaining to trades done on July 29 and 30, 2013 and had

reversed the trades done on July 30 and 31, 2013.

The Defaulting Members of NSEL and the Management team of NSEL

had a meeting with senior officials of FMC and investing Brokers and

agreed with a settlement plan on 4thAugust, 2013.

In order to allay concerns of stakeholders, on August 6, 2013, 2013

NSEL published a Notification on its website that the stock lying in the

exchange controlled warehouses is worth approximately Rs. 6,032.46

crores, which amount was more than sufficient to settle all outstanding

dues.

On August 14, 2013 NSEL uploaded a circular setting out details in

respect of the revised schedule for settlement of outstanding dues payable

to the members (“Settlement Schedule”).

On August 20, 2013 the FMC directed NSEL to distribute

proportionately the amounts received, including to Indian Bullion Market

Association Ltd. (“IBMA”). However, instead of the scheduled pay-out of Rs.

174 crores as assured by NSEL only Rs. 92 crores was disbursed

proportionately.

On August 21, 2013, the FMC inter alia directed NSEL to auction all

the commodities lying in the accredited warehouses of NSEL and in its

custody as collateral. Accordingly, on August 22, 2013 NSEL uploaded a

list of defaulters on its website.

On August 21, 2013, the FMC inter alia directed NSEL to auction all

the commodities lying in the accredited warehouses of NSEL and in its

custody as collateral. Accordingly, on August 22, 2013 NSEL uploaded a

list of defaulters on its website. Notably, N. K. Proteins Ltd. was one of the

defaulters.

It is pertinent to note, that while approximately Rs. 174 crores were

to be paid to the members by NSEL as per the Settlement Schedule, the

first payment by NSEL on August 20, 2013 was a meagre amount of Rs. 92

Crores as received as pay-in from the defaulters. Thereafter, on the second

payment date of August 27, 2013, NSEL notified the public that the total

funds received for settlement was merely Rs. 12.05 Crores. Most recently,

NSEL reported that the total funds received for the third payment date on

September 3, 2013, was Rs. 15.32 Crores and for the fourth payment date

on September 10, 2013, was Rs.13.45 Crores only. These monies

correspond to what was received as pay-in from the defaulters.

Notification issued on July 26, 2013, provides a detailed commodity

wise breakup of the underlying stock.

In a Circular issued by NSEL on August 31, 2012, NSEL has

categorically stated that no member will indulge in short selling and the

seller must be in possession of commodities or buy position before entering

his sale order.

The FMC was requested to provide information about the business

affairs of the NSEL. The FMC in its reply dated 5th September 2013 clarified

that the NSEL is neither a recognized nor a registered Association under

FCRA, 1952. Section 27 of FCRA, 1952 provides that the Central

Government may, by notification in the official gazette, exempt, subject to

such conditions and in such circumstances and in such areas as may be

specified in the notification, any contract or class of contracts from the

operation of all or any of the provisions of FCRA, 1952. Vide notification

dated the 5th June, 2007, Department of Consumer Affairs, Ministry of

Food, Consumer Affairs and Public Distribution, under power conferred

upon it under section 27 of FCRA, 1952, have exempted one day forward

contract traded at NSEL from the operation of the provisions of FCRA

subject to certain conditions as stipulated under:

i) No short sale by members of the Exchange shall be allowed,

ii) All outstanding positions of the trade at the end of the day shall

result in delivery

iii) The NSEL shall organize spot trading subject to regulation by the

authorities regulating spot trade in the areas where such trading

takes place

iv) All information or returns relating to the trade as and when asked for

shall be provided to the Central Government or its designated

agency

v) The Central Government reserves the right to impose additional

conditions from time to time as it may deem necessary; and

vi) In case of exigencies, the exemption will be withdrawn without

assigning any reason in public interest

Because of this exemption, the trading and other activities of NSEL

were outside / beyond the regulatory powers of FMC and from the

beginning itself, the Commission has no authority over the trading

activities of NSEL.

Ready delivery trades (spot transaction) in commodities are not within

the purview of the FCRA. Therefore, the role of FMC with respect of NSEL

was never that of a regulator unlike in the case of commodity futures

exchanges which are recognized under Section 6 of FCRA.

The FMC further clarified that FMC has been authorised to supervise

settlement of all outstanding one day contracts at NSEL. However, it

doesn’t ipso facto, empower FMC to apply the provisions of FCR Act to the

business affairs of NSEL. As such any failure on the part of NSEL in

compliance of the directives of the FMC and / or non submission of the

information desired by the FMC, may be deemed to be violation of the

conditions stipulated while granting exemption under section 27 of the

FCRA to the trade in one day forward contracts, but may not amount to

violation of any other provisions of FCRA by virtue of the exemption

granted to it vide the notification.

Contents of the letter No.7/3A/2010-MD-I(Pt) Dated the 16th August,

2013 sent by the FMC to the NSEL published on the website of FMC

are reproduced below.

1. Please refer to your letter No. NSEL/FMC/2013-14/1503, dated the 14th

August, 2013, forwarding the settlement plan. In this regard, you may

please refer to this office email dated 14th August,

2013 and 16th August, 2013.

2. Your attention is drawn to the Bye-laws of NSEL (Exchange) which inter-

alia provides as under:

i. Bye-law No.5.26 heading ‘Transaction Where the Exchange to Act as a

Legal Counter Party’: ‘The Relevant Authority of the Exchange may specify

from time to time the types of transactions in specific commodity or

commodities, with regard to which the Exchange shall act as a legal

counter party and the transactions that may be excluded for this purpose.”

ii. Bye-law No.7.9.1:“In respect of commodities, or price indices, as may be

determined by the Exchange from timep to time, and traded and cleared by

the Exchange in the manner specified in these Bye-Laws, the Exchange

shall be deemed to guarantee the net outstanding financial obligations to

clearing members.

iii. Bye-law No.7.9.2: “If any party to such contract defaults in respect of

his financial obligations or fails to deliver goods on maturity of the

contract, the defaulting member shall be liable for appropriate disciplinary

action by the Relevant Authority and his contract will be closed out by the

Relevant Authority in accordance with the Bye-Laws, Rules, Business

Rules and Regulations or notices, or orders issued thereunder.

“The Exchange shall then be entitled to recover dues of any defaulting

member from his security deposit and other funds, if any lying with the

Exchange.”

iv. Bye-law 9.6: “Once a trade is matched and marked to market by the

Clearing House, the Exchange shall be substituted as counter party for all

net financial liabilities of the clearing members in specified commodities in

which the Exchange has decided to

accept the responsibility of guaranteeing the financial obligation”

v. Bye-law No. 12.2.3: “The settlement, as a result of multi lateral netting

followed by it in respect of settlement of transactions, guarantee financial

settlement of the transactions to the extent it has acted as a legal counter

party, as may be provided in the relevant Bye-Laws from time to time”.

3. Your attention is also drawn to the Rules of the National Spot Exchange

Ltd (hereinafter referred as ‘Rules’), wherein under Rule 41 on ‘Default’

provides that “A member of the Exchange shall be declared by the relevant

authority a defaulter, where the monies, commodities, securities and bank

guarantees deposited with the Exchange are not adequate to discharge the

member’s obligations and liabilities. A member of the Exchange being

declared a defaulter, a notice of that effect shall be posted forthwith on the

notice board of the Exchange and defaulter shall hand over all his books,

documents, papers, assets, cheque books and other Page 3 of 6

documents, as may be specified by the Exchange, to the Relevant

Authority”. Rule 41(i) also provides that “Ipso facto on declaration of a

defaulter / deemed defaulter automatically as provided hereinabove, all

monies, commodities, securities, bank guarantees lying with the Exchange

in respect of a defaulter shall vest with the relevant authority for the

benefit and on account of the creditors, who may have a tenable claim and

the relevant authority shall deal with such monies, securities or bank

guarantees and claims, as provided in the relevant Rules herein and

specifically as provided in these Rule”.

4. Further, in the communication to the members, Exchange have

communicated that deliveries of the ‘Warehouse Receipt’ to the Exchange

will be taken as early commodity pay-in against the sell position and

Exchange shall release margin / commodity pay-in obligation of respective

sell transactions. As such what need to be settled on settlement date is net

financial obligation between buyer and seller.

5. During the presentation before the Secretary, Ministry of Consumer

Affairs, Food and Public Distribution, on 10th July, 2013, wherein you

along with Mr. Jignesh Shah, Director, NSEL had presented that the model

followed by NSEL offers highest level of safety for participants as the model

has over 100% stock as collateral (managed by independent collateral

manager), 10-20% as margin money and backed by 100% of post dated

cheques from participants.

6. From the plain reading of the above Bye-laws, Rules and communication

by Exchange, it is very clear that Exchange guarantees the settlement of

net financial obligation. When a client trades on the anonymous order

driven trading system on the Exchange, the buyer does not know the seller

and in the same way the seller does not know the buyer and Exchange

guarantees the settlement of trade executed in compliance with the Bye-

laws.

7. In the settlement plan submitted by NSEL on 14th August, 2013, in Para

12 and 14, it is mentioned that pay-in schedule submitted herewith is

subject to realization of funds from payable members. As such Exchange

appeared to have dis-owned its responsibility of guaranteeing the financial

settlement. Whereas the Exchange has the sole responsibility of settlement

of trade on the Exchange as per the pre-announced settlement schedule

and it cannot simply depend upon the realization of pay-in obligation from

buyers. Page 4 of 6

8. In this office mail dated 14th August, 2013, it was desired that the

Exchange shall make payment to selling members as soon as possible and

in order to have credibility of adhering to the

payment schedule agreed to by buyers, you were advised to submit party

wise details of post dated cheque with date, number and amount, and also

confirm whether you have taken Bank Guarantee from these buyers at

least for the first month commitment which shall roll over to next month.

Your reply vide e-mail, dated 16th August, 2013, did not submit the details

as desired.

9. As per the Rules and Bye-laws of the Exchange where participants have

failed to meet their payin obligations, the Exchange should have

i) closed out their position and

ii) declare them defaulter and initiate default proceedings against them.

In this regard you are directed to submit details of all members who had

failed in meeting their pay-in obligation. The details should include the first

day of pay-in shortages and any other subsequent pay-in shortages on

daily basis. You are called upon to explain in the case of members, who did

not meet their pay-in obligation in time: (a) why their position is not closed

out in auction, (b) Why they were not declared defaulters and (c) why

default proceedings were not initiated against them.

10. During the meeting with the Commission on 13th August, 2013, Mr.

Jignesh Shah, Director, NSEL and Mr. Joseph Massey, Director, NSEL

inter alia raised the concern on the quality and quantity of commodities

lying at the various accredited warehouses of NSEL and they have informed

that they have appointed a collateral management firm, SGS to make

detailed assessment of quality and quantity of stocks of commodities lying

at all the accredited warehouses of NSEL. In this regard you are directed to

submit the terms of appointment along with letter of appointment of SGS

by NSEL and preliminary findings, if any of the SGS.

11. In submission of information asked by Commission, NSEL had given

different information on different occasion, for example while its meeting

with Commission on 1st August, 2013, Shri Anjani Sinha, MD & CEO of

NSEL informed that Exchange had settlement guarantee fund(SGF) of Rs.

860 crores, where as in written reply to the mail dated 1st August, 2013,

submitted that exchange had SGF of Rs.738.55 crores. However, during

interaction with Board of NSEL, buyer, and seller on 4th August, 2013, it

was informed that SGF had only Rs.62 crores. Similarly with regard to the

details on stocks of commodities lying at warehouses, three sets of

information had been given within a span of 7 days against the same

buyer. The credibility of information given and the books of Accounts /

records maintained by NSEL have raised serious doubt on its authenticity.

You are therefore, directed to appoint a reputed forensic Auditor firm to

establish the credibility of Books of accounts, record maintenance by the

Exchange in next 7 days. The appointment of Auditor, however, shall be

with the consent of the Commission.

12. As per the advice of the Commission, NSEL had already opened an

escrow account with Axis Bank wherein the entire amount received on and

after 31.7.2013 against pay-in obligation shall be deposited. You are

advised to inform Commission on daily basis; the party wise amounts

deposited in the escrow account and also disclose the same on daily basis

on your website.

13. The Press Release issued by NSEL on 4th August, 2013 mentioned that

8 buyers have agreed to pay-in obligation as per original schedule which

means that NSEL shall collect 2181 crores from 8 buyers before 13th

September, 2013. The Press Release also mentioned that in respect to 13

buyers, amount due from them was Rs.3107 crores, had agreed to pay 5%

of their total dues every week. During the meeting with these buyers,

sellers and Commission on 4th August, 2013, it was impressed upon the

buyers that they should make the payment as per the original settlement

schedule or otherwise as soon as possible without waiting for 20 weeks

period. As per the settlement schedule submitted by you, no borrower has

agreed to meet its obligation as per the original settlement schedule and

only 12 buyers from whom Rs.1774.01 crores are to be received have

agreed to pay over a period of 20 weeks and other 10 buyers have extended

the payment of Rs.2580.60 crores to 30 weeks. 2 buyers having total pay-

in obligation of Rs.1219.71 crores have not given any payment schedule.

The settlement plan submitted by the

Exchange therefore does not inspire confidence as the Exchange has gone

back on its earlier commitments. This has also raised serious doubts on

credibility of the commitments made by buyers as per settlement schedule.

14. The Exchange has not given the details of the post dated cheques

collected from these participants or the details of any Bank Guarantee

obtained against their financial obligation. In the meeting held with the

Commission on 16th August, 2013 selling participants have raised serious

doubts on the commitment of these buyers to meet their obligations as per

schedule and hands-off approach of the Exchange to meet the obligation

‘subject to realization of funds’ from the buyers. This implies that

settlement will be made ‘if and when’ buyers choose to pay their dues

where as the Exchange is duty bound to complete settlement as per Bye-

laws according to which it stands guarantor for all financial obligations for

trade executed on the Exchange.

15. You may, however, go ahead with your settlement plan for the time

being as the payouts are already seriously delayed which is causing deep

anxiety and resentment among the sellers, However, you are directed to

comply with the directions and observations of the Commission to ensure

that the plan is credible and the Exchange performs its settlement

obligations in the shortest possible time.

From mid August 2013, Economic Offences Wing, Crime Branch,

CID, Mumbai started receiving applications from the investors and also

from NSEL. On 30.09.2013, an offence was registered at PS MRA Marg,

vide their CR No. 216/13 U/Sec. 120 (B), 409, 465,467,468, 471, 474,

477(A) of IPC on the complaint of one of the investors Mr. Pankaj

Ramnaresh Saraf. Investigation of this case was immediately taken over by

the EOW and the case is renumbered as EOW CR No. 89/13.

Mr. Pankaj Saraf lodged complaint against FTIL, NSEL, their board

of directors, Mr. Jignesh Shah, Mr. Jospeh Massey, Mr. Anjani K Sinha,

Mr. Shantilal Guru, Mr. B D Pawar, Mr. Shreekant Javalgekar, Mr. R.

Devarajan, Amit Mukherjee, Jai Bahukhundi, Maneesh Chandra Pandey,

Santosh Mansingh, H. B. Mohanty, Shashidhar Kotian, Nirav Pandya and

the Auditor Mukesh P Shah and 25 borrowing companies/trading members

viz. Mohan India Pvt. Ltd., N. K. Proteins Pvt. Ltd., ARK Imports, LOIL

Health Foods Ltd., LIOL Overseas Foods Ltd., LIOL Continental Ltd., PD

Agro Processors Pvt. Ltd., Lotus Refineries, Jaggurnaut Projects Ltd.,

Top Worth Steel & Power Pvt. Ltd., Metkore Alloys & Industries Ltd.,

White Water Foods Pvt. Ltd., NCS Sugars Ltd., Namdhari Food

International Pvt. Ltd. Shri Radhey Trading Corporation Pvt. Ltd. Spin

Cot Textiles Pvt. Ltd., Vimladevi Agrotech, Namdhari Rice & General

Mills, Swastik Overseas Corporation, Tavishi Enterprises Pvt. Ltd., MSR

Food Processing, Sankhya Investment, Yathuri Associates, Aastha

Minmet India Pvt. Ltd. and Brinda Commodity Pvt. Ltd., along with their

directors and some of the trading members/ brokers for defrauding him

and other 13000 investors to the tune of Rs. 5600/- Crores.

It is alleged in the FIR that during the period from Oct., 2008 to

July, 2013, NSEL allowed 25 Members, named as accused, to trade on

the exchange as sellers. It is alleged that in authenticating these

companies due diligence was not followed. It is further alleged that

during the relevant period these 25 Members (Sellers) in connivance

with NSEL traded fictitious stocks on the exchange for which they raised

fake documents. During the initial contracts between these Member

Companies as sellers & buyers, the companies squared off the contracts

on the date of maturity, but later on when the investments in these

companies grew substantially, they did not honour their commitment

and thereby caused wrongful loss to the tune of Rs. 2.2 Crores to the

complainant and approximately around 5600 Crores to the other

investors numbering more than 13000.

A ) Searches / Seizures :-

Immediately after registering the FIR, this office undertook search

operations at residencies, offices & warehouses of the accused Companies

and their Directors/ Partners/ Proprietors. This office identified 193 spots

(Offices- 27, Residencies- 96 , Warehouses- 68) across 16 States in the

Country, for which 63 teams were formed comprising of 121 Officers and

241 men. Till date searches have been successfully completed at 192

places and have resulted into seizure of more than 24 TB of electronic data

( 8 Laptops, 1 Desktop, 45 Hard Disks, 7 Pen Drives and CDs / DVDs), Commodities i.e. Wool, Castor seeds, Jeera, Sugar, Steel, Nickel,Soyabeen

& Chana, Ferro chrome etc worth of worth more than Rs. 210 Crores as

well as other incrimination documents / articles, which are under

scrutiny.

B) Freezing OF Bank accounts u/s 102 Cr PC In order to secure

siphoned off funds, till date 317 bank accounts of the accused

Companies (4 accounts of NSEL) have been identified and frozen (Amt

frozen Rs. 94.55/- Crores)

C) Details of assets of the accused persons/defaulters identified,

secured for attachment & its valuation: - The EOW has identified

properties of defaulters as under & Process of its attachment is

under progress.

Sr. No. Defaulters Name No. of Properties Properties Situated at

1 Mohan India 10 New Delhi, Rajasthan

2 Tavishi Enterprises 08 New Delhi

3 Laxmi Overseas 03 Punjab

4 Aastha Group of

Companies

08 Karnal, Bangalore,

Orissa, Thane

5 MSR Foods 02 Warangal, AP

6 Loil Continental 04 Chandigarh, Delhi

7 Loil Health Foods 03 Punjab, Chandigarh,

Delhi

8 Loil Overseas Foods 05 Delhi

9 Shree Radhey

Trading

04 Saharanpur, UP

10 Yathuri Associates 07 Haryana, Punjab

11 Vimladevi Agrotech 01 Kota ,Rajasthan

12 Spin Cot Textiles 02 Guntur, AP

13 NCS Sugar 03 Hyderabad

14 Metkore Alloys 03 Hyderabad

15 ARK Imports 84 Pieces of

Land

Karnal, Haryana

16 N.K. Proteins 12 Mumbai, Ahmadabad,

Delhi

17 P.D. Agro 09 Karnal, Punjab

18 White Water Foods 05 Chandigarh, Simla

Total 166

Details of properties are given in the accompanying list.

D) Bogus Companies & Warehouses:-

During the course of investigation, following companies (defaulters)

and also warehouses are found to be not genuine companies/warehouses

and are found to be incorporated for the purpose of utilizing the funds

received from NSEL for purposes other than the intended purposes.

Bogus Companies: 1) Loil Continental Foods Limited (LCFL), 2) Loil Health

Foods Ltd., 3) White Water Foods Pvt. Ltd. (WWFPL), 4) Swastik Overseas

Corporation, 5) Namdhari Food International Pvt. Ltd. 6) TAVISHI

ENTERPRISES PRIVATE LIMITED, 7) Yathuri Associates Ark Imports Pvt.

Ltd. (AIPL) & 8) Aastha Minmet India Pvt. Ltd.

Bogus warehouses: 1) M/s Dunar Food Limited 6 Warehouse ,2) Jai

Hanuman Rice Mill, Kamla Road , Gharaunda, Karnal , Haryana-

132001.,3) Plot No.3, Pwd Lane, Alipur, Delhi, 4)Village Janga, Tal

Palanpur, Dist – Banaskantha, 5) Godown No -1,M/S. Rajena Agro Pvt

Ltd., At. Sedrana, Opp. Gokul Ref. Oil, 6) Palanpur Highway, Siddhpur,

Dist-Banaskantha, 7) Khali Char Rasta, Village- Khali Ta- Siddhpur, Dist-

Patan, 8) Leaf Khamanon, Chandigarh - Ludhiana National Highway,

Khamanon, Dist - Fatehgarh Sahib - 140801 Punjab, 9) White Water,

Barmalipur Road(Adj) C/O V.I.R Foods Ltd, Godown No-1, Payal,

Ludhiana, Punjab -141 001 10) Ark Imports Pvt. Ltd. (Section I) Village

Purba , Tehsil Samrala, Disst. Ludhiana

E) Look Out Notices:- Similarly, Look out Notices have been issued against 73 key officials

of FTIL, NSEL & chair persons of accused Member Companies in order to

ensure that these accused persons do not flee from India and are available

for investigation purpose.

(F ) Assistance of Experts in the Investigation :-

This office has also requested Shri U.S. Gandhi, CA, to act and assist

in the investigation as Forensic Auditor. This office has requested the

State Government for his appointment in the said case.

(G) Invoking Provisions of MPID Act, 1999 :-

The provisions of The Maharashtra Protection of Interest of Depositor

Act, 1999 (MPID Act) are invoked on 18/10/2013 for the

seizure/attachment of Properties of the suspects involved in the case to

recover the loss caused to the Investors.

(H) Arrests: -

In the present case till date 5 accused persons namely 1) Amit Ashok

Kumar Mukharjee, Asst. Vice President/Business Development, NSEL, 2),

Jai Sukhsadan Bahukundi, 43 yrs, A.V.P/Ware House, NSEL, 3) Anjanee

Sinha, Managing Director & CEO/NSEL, 4) Nilesh Patel of N.K. Proteins

Ltd, Ahmedabad ( a defaulter which owes Rs.960 cr to NSEL ) and 5)

Arunkumar Sharma of Lotus Refineries Pvt Ltd ( a defaulter which owes Rs

252.56 cr to NSEL) have been arrested. All of them are in judicial custody

presently.

Accused No.1 - Amit Ashok Kumar Mukherjee, 42 yrs, Asst. Vice

President/ Business Development/NSEL. His key responsibilities area as

provided by NSEL was as under:

This accused was working as Asstt. Vice President/ Business

Development with accd company NSEL for the last 8 years. He was drawing

salary package of Rs 22 lakhs per annum. He was promoted 4 times in his

tenure of 8 years, His key responsibilities areas were 1) to assist in

marketing and promotional activities resulting in Member Growth

Development of Spot Contracts in multiple locations, 2) identify business

opportunities and assist in tie-ups with Regional Mandis and Commodity

Associations, 3) maintain strong relationship with members and work as a

catalyst to increase their participation, 4) introducing members,

ascertaining their net worth, preliminary background verification of

members to trade on Exchange, Timely solutions to members’

Queries/problems.

However, this accused in collusion with other accused deliberately

violated the laws and guidelines of the Exchange for personal benefits. He in

collusion with borrowers and clients 1) created and issued fake warehouse

receipts i.e. receipts without support of adequate physical stock of

commodities, 2) arranged loan facilities in guise of trading facilities which

was against the guidelines issued in this behalf, 3) received kick backs from

the borrowers for arrangement of the above facility. He was key

management person who perpetrated the fraud with the help of his

associates and MD & CEO. They conspired to cheat the investors and

thereby colluded with the borrowers to get money from unsuspecting

persons under the garb of assured returns. They promised the investors

that their money was safe and guaranteed by underlying commodities,

which were not in existence. They devised such a scheme that would

facilitate the borrower accused to utilize investors money without proper

security i.e. commodities. It is estimated that he has received kickbacks to

the tune of more than Rs. 12 Crores from the borrowers to provide them the

loan facility. He was instrumental in introducing borrowing members who

did not fit the criteria laid down in this regard. Following properties of the

accused have been identified and secured under the provisions of MPID Act,

1999.

Properties of accused No. 1-- 1) Flat no.801/ Ivory Heights, 575 sq. ft.,

Rs 21.5 lakh (agreement value), in the name of wife Bonhi 2) Flat

no.902/Ivory Heights, 1000 sq. ft., 41.3 lakh (agreement value), Kanaikiya

Road, Mira Road(E) and 3) Flat no.1202/Royal Samarpan, 1550 sq. ft, Rs

4.5 cr(agreement value), near Rivali Park, Western Express Highway,

Borivali (E) and 4) Range Rover Vogue Car No. – HR-26-BW-9013 vd Rs. 55

lakh approx. (total Rs 5,67,80,000)

Accused No. 2- Jai Sukhsadan Bahukhandi, 43 yrs, Asstt. Vice

President/Ware Housing/NSEL. This accused was working as an Associate Vice President of

Warehousing Department and has been working with the NSEL since

October 2008. He was drawing salary package of Rs. 20 lakhs per

annum.

His key responsibility areas were 1) complying to the norms of

Exchange for Warehousing, 2) Maintaining the legal status of the

warehouses, 3) appointment of the warehouse manager, 4) Maintaining

the profitability in WMS (Warehouse Management Services), 5)

Maintenance of MIS (Management Information System) for the

warehouses, 6) Monitoring the inward & deliveries of corporate and the

retail clients, 7) Streamlining the existing process and make EWDMS

live to ease and automate all the warehouse activities especially avoiding

delays in WH storage charges collection and 8) Warehouse agreements

compliance.

However, he along with his other colleagues, MD & CEO and

borrowers blatantly flouted all the norms and guidelines issued in

respect of delivery based contracts, created a web of false stocks of

commodities by way of bogus warehouse receipts and thereby cheated

the innocent investors. It is estimated that he has received kickbacks to

the tune of Rs. 3/5 crores from the borrowers to provide them the loan

facility. He had information about the wrong deeds committed by him and

others. He in collusion with borrowers and clients 1) created and issued

fake ware housing receipts i. e. receipts without support of adequate

physical stock and 2) arranged loan facilities in guise of trading facilities

which was against guidelines issued in this behalf. Following properties of

the accused have been identified and secured under the provisions of MPID

Act, 1999.

Properties of accused No. 2 – 1) Flat no.703, Ambika Tower,

Panchpakhadi, Thane, 580 sq. ft, 20 lakh (agreement value), 2) Mahindra

XUV 500 vehicle No. HR-26-BW-8030, valued at Rs 14 lakhs. (Total Rs 34

lakh).

Accused No.3 - Anjani Jagdishprasad Sinha, 48 yrs, Ex-Managing

Director & CEO/ NSEL.

The accused was the Managing Director and Chief Executive

Officer of NSEL and was responsible for managing complete business

operations, compliance and company affairs. It is revealed that the accused

received personal gains from the borrowers/accused for granting them

finance facilities. He shaped the idea of long term loan facility to the

borrowers under the guise of underlying stock of commodities. He is the

brain behind this scam of Rs. 5600/- Crores. He is the person who He is the

person who was pioneer in bringing paired contracts system and getting

approval for launch of same from the concerned authorities. He was the sole

approving authority for all the limits granted to the borrowers, subsequently

siphoned off the money. He was responsible for functioning of warehousing,

clearing and settlement, trading and surveillance, membership and

compliance, delivery and finance department apart from business

development departments. He misled and misinformed general public

fraudulently by giving wrong information to FMC and agencies. The accused

has owned up the responsibility for the entire scam in his affidavit.

Following properties of the accused have been identified and secured under

the provisions of MPID Act, 1999.

Properties of accused No. 3 —1) Flat No. 1601/Odyssey-II, 2200 sq. ft., Rs

4.5 Crores (agreement value), Hiranadani Garden, Powai, Mumbai, 2) Flat

No. 1404 & 3) 1405/Panchwati CHS, Powai, Mumbai & 4) Flat No. G1-602,

Bhimashankar Society, Nerul (W), Navi Mumbai. (Total Rs 4.5 Crores).

Accused No.4 - Nilesh Keshavlal Patel, 48 yrs. Promoter Director of N K

Proteins Ltd.

This accused is the Promoter Director of N K Proteins Ltd. a

company having registered office at 7th Floor, Popular House, Ashram

Road, Ahmadabad. The company is in the business of refining of edible

oil and its brand is Tirupati. The accused is also a son-in-law of Mr.

Shankarlal Guru, the Chairman of accused company NSEL His

company started its trading on NSEL since September 2009 and became

Trading Cum Clearing Member of NSEL. The company used to trade in

Castor Seed, Castor Oil and Cotton Seed Wash Oil. The accused gave

false quality and quantity certificates for commodities, issuing fake sale

invoice without having physical delivery and making false statement

about the stock of commodities and diverged funds totally to the tune of

Rs. 964/- Crores in connivance with NSEL officials.

The company of the accused is the first company to start trading in

paired contracts without stocks; other accused borrowers followed the

suit. The accused is son-in-law of Mr. Shankarlal Guru, the Chairman of

NSEL, and it is suspected that he had some underhand dealings with some

officials of the NSEL. The accused has confessed having accepted money

from the NSEL and this fact has also been established from his books of

accounts. Most of the funds have been diverted for making personal

investments such as Mutual Funds, Stock & Securities and also to acquire

properties through its sister concerns viz. N K Industries Ltd and Tirupati

Proteins Ltd. Money Trail prepared from these concerns also established

that above funds have been transferred for making investments and

properties. Summary of money trail for financial years 2009-10, 2010-11

and 2011-12 is appended with the charge sheet.

Details of articles and properties of the accused identified and

secured under the provisions of MPID Act, 1999 are given in the Form 5A of

this report.

Accused No. 5 - Arunkumar Jaiprakash Sharma, 39 yrs. directors of M/s

Lotus Refineries Pvt. Ltd. (LRPL),

This accused is one of the directors of M/s Lotus Refineries Pvt. Ltd.

(LRPL), having registered office at A-204 Boomerang, Chandivali Farm

Road, Andheri (E), Mumbai. The LRPL has been incorporated in 2012 and

promoted by this accused for import, manufacture; distribution and

trading for refine edible oil, vegetable oil and Vanspati Ghee. Lotus Refinery

was introduced to NSEL as a trader of Edible Oil and that they would be

procuring oil seeds and crushing them at multiple locations. The contract

was to be launched for the Edible Oil at Jaipur and at two different

locations. Finally LRPL had warehouse at Sarda Agro Oils Ltd Tank R 4,

Survey No. 287, Near Light House, Tammavaram, Kakinada - 533005

Andhra Pradesh.

It is revealed that the LRPL in connivance with officials of NSEL

issued stock offer letter to NSEL stating that there was stock available for

trade on the basis of which bogus warehouse receipts were generated. As

per the bank statement of LRPL an amount of Rs. 218.88/- was credited to

LRPL out of which an amount of Rs. 60.75/- was returned to the NSEL. An

amount of Rs. 19.22 Crores was adjusted against purchase of Stock by

LRPL and its outstanding is now Rs. 177.34 Crores. However, as per the

balance sheet of the LRPL nothing is mentioned regarding stock of

commodities. As per the ledger account of the company LRPL has given

advances of Crores of rupees to many entities, which clearly indicates

diversion of funds for other purposes. According to NSEL this company has

outstanding of Rs. 252.48 Crores. On the contrary the LRPL claims that

NSEL owes the company and amount of more than 2000 Crores and has

initiated Arbitration proceedings against the NSEL. His ledger account

shows that besides giving advances to many parties he has given advances

to himself and his relatives that include his wife’s account. It clearly

indicates that he has utilized the funds for his own purposes. He has spent

lavishly on decoration of his office premises. He has also spent money in

production of films. A chart of money trail has been prepared. His

admission has made it crystal clear that he made it possible in connivance

with officials of NSEL. The accused has admitted in writing the outstanding

amount of Rs. 241, 36, 26, 831/- payable to NSEL by his company. This is

reflected in a letter dated 16.05.2013 written by the accused company to

the NSEL. The company has made payment of approximate Rs. 70/- Crores

to the promoters and directors for making their personal investments in

properties. There are many instances of heavy cash withdrawal from the

accounts of the company as well as directors. Money trail of the same is

incorporated in the charge sheet.

Details of articles and properties of the accused identified and

secured under the provisions of MPID Act, 1999 are given in the Form 5A

of this report.

During the course of investigation statements of witnesses have been

recorded so also documentary evidence has been collected as per the

attached chart of evidence.

During the investigation carried out so far it is seen there is ample

evidence against the arrested accused to prove that they have committed

offences punishable under sections 409, 465, 467, 468, 471, 474, 477 (A),

120 (B) of Indian Penal Code and sections 3 & 5 of MPID Act, 1999.

Investigation in respect of afore mentioned accused as well as other

accused that have not been charge sheeted viz. M/s Financial Technology

of India Ltd. National Spot Exchange Ltd., its Directors/Key Management

Persons/its Borrowers, some brokers and others is still in progress.

Further final report will be submitted against them under section 173 (8) of

Code of Criminal Procedure.

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