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Greedy Online Vandals Misusing Social Media. NSEL Crisis  National Spot Exchange Limited (NSEL) crisis came to light on 31 st July 2013  When the exchange.

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Presentation on theme: "Greedy Online Vandals Misusing Social Media. NSEL Crisis  National Spot Exchange Limited (NSEL) crisis came to light on 31 st July 2013  When the exchange."— Presentation transcript:

1 Greedy Online Vandals Misusing Social Media

2 NSEL Crisis  National Spot Exchange Limited (NSEL) crisis came to light on 31 st July 2013  When the exchange was forced to suspend all of its trading contracts  After the payment crisis Regulatory Body, Investigation Agencies & NSEL had declared 24 members as NSEL Defaulters

3 Whom are Vested Interest Group Targeting ?  Economic Offences Wings (EOW) & Enforcement Directorate (ED) have already established money trail against these 24 defaulters  NSEL, investigating agencies & genuine traders are standing united in pursuing recovery from defaulters  While the vested interest groups are trying to divert attention from the recovery effort  And they are continuously targeting the agencies, media journalist & editors, judiciary & government officials

4 Investors or so-called Trading Clients  These acts of vandalism are led by highly qualified traders  Who actually traded in greed through leading broking firms with best legal & compliance department  They trader under a client-broker agreement  Now these greedy traders are blaming everyone else except their own greed

5 Online Vandals Causing Hindrances  Such acts of vandalism cause procedural hurdles like: In the case of settlement of e-series contracts where more than 40,000 investors suffered, and Seven month delay because of a writ petition filed in Bombay High Court by these vandals  The same vested interest groups are now obstructing the investigation agencies such as EOW, ED & CBI from taking action on defaulters

6 Judge for yourself the character and credibility of Greedy Online Vandals

7 Trading Groups  Such malicious campaign led by individuals who are self proclaimed leaders of trading groups such as: NSEL Investors Forum (NIF) NSEL Aggrieved And Recovery Association (NAARA) NSEL Investor Action Group (NIAG)  They think they are above all

8 Greedy Traders should be investigated  These greedy traders are not disclosing their source of funding  They are not concealing their KYC details  Such non-transparency screams for an investigation  Are these individuals & associations funded by NSEL Defaulters or Brokers with mala fide intentions?

9 Conclusion It is time to question the credibility & character of greedy online vandals who are misusing social media to obstruct and derail the path to justice for their selfish end


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