NSEL case: Attachment of defaultersí assets over

Dec 09 2013, 03:25 IST
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SummaryMumbai Police, probing the R5,600- crore NSEL scam, have completed attachment of assets of all 26 defaulters

Mumbai Police, probing the R5,600- crore NSEL scam, have completed attachment of assets of all 26 defaulters in the case even as frozen assets of defaulters, directors and others have been estimated at over R3,000 crore.

"We have attached a total of 212 properties worth R2,679.4 crore of defaulters, directors and senior officials of the NSEL. We have completed the attachment of all the defaulters. So far 325 bank accounts have been frozen, which have a total bank balance of R172.15 crore. We have also attached money in shares and investments worth R252.6 crore of the accused named in the FIR," a senior EOW official said.

Presently busy examining the books of accounts of borrowers-turned-defaulters, the EOW's next focus would be studying brokers' books of accounts, the official said.

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