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Economic offences wing starts probe against commodity exchange

Posted on 20 November 2013

The economic offences wing (EOW) of the Mumbai Police has initiated an inquiry against the National Commodity & Derivatives Exchange (NCDEX) after Betul Oil, one of the members of the bourse, filed a complaint alleging cheating.
According, the complaint has been filed by Vineet Chopra of Betul Oil who is also one of the members of the Kalimirch Vyapari Association in Madhya Pradesh. The complaint alleged his company had been duped of Rs 237 crore. NCDEX refuted the allegations and said that Betul Oil and some of the members of the association are being investigated for price manipulation on the exchange……………………………………Full Article: Source


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