Crisis-ridden NSEl’s ex-chief Anjani Sinha has blamed the entire former senior management including himself for the `5,600-crore payment crisis that has engulfed the bourse.
Sinha is suspecting that some of the former senior management might have entered into dealings with buying members for their personal benefits and demanded a judicial inquiry against them, according to an affidavit filed before a local court in Mumbai.
National Spot Exchange ltd (NSEl), promoted by Jignesh Shah-led Financial Technologies (India) ltd, is facing the problem of settling `5,600-crore dues to 148 members/brokers, representing 13,000 investor clients, after it suspended trade on July 31 on government’s direction.
Sinha has found fault with business development team for introducing buyers with bad credentials into the NSEl system.He also blamed the warehousing team for not having adequate control on physical stock and also for making “false stock statement”.