NSEL Investors hand in hand with NSEL Defaulters.

2. • Out of Court Settlement
• The Deceitful Deal
• Investor Hand-in-Hand with Defaulters
• Investors not pointing at Defaulters
• Conclusion
Agenda

3. • Pankaj Saraf is one of the most boisterous investor
• Pankaj Saraf is the investor on whose complain the EOW of Mumbai
police filed an FIR in the NSEL crisis case
• Ram Naresh Saraf father of Pankaj Saraf received Rs. 54.04 lakhs
from Primezone Developers associate company of P. D. Agro
• Ram Naresh Saraf received money with a 10% discount to settle his
outstanding dues with NSEL
Out of Court Settlement

4. • The 5th largest NSEL defaulter PD Agroprocessers Pvt. Ltd. owns
Rs 674.05 crore
• P. D. Agro through its associated company Primezone Developers
entered into a fraudulent deal with Ram Naresh Saraf
• The deal was sealed on 2nd April 2015 to clear out his outstanding at
a 10% discount, amounting to Rs. 54.04 lakhs
The Deceitful Deal

5. • The deal is an obvious explanation that the complainant is in
hand-in-hand with defaulters
• Saraf has kept this deal a secret & not informed the HCC,
MPID Court, FMC & EOW or any other investigating agencies
• This deal is in violation with the Bombay High Court order
• Order conveys that a settlement could only be reached with
prior approval of the FMC
Investor Hand-in-Hand with Defaulters

6. • Investor forums & their leaders are only targeting NSEL & its
promoters
• No investors are concerned in assisting the recovery of money
from the defaulters
• 7 of the defaulters owes 84% of the total outstanding
• EOW has evidently established that money trail was done by
defaulters
Investors not pointing at Defaulters

7. • This leads us to speculate that similar agreements or deals
could have been entered into by the investors
• Identical arrangements or pacts could also have been arrived
at by the leaders of forums with the brokers & defaulters
• This deal indicates their might be a strong connection
between investors & defaulters
Conclusion