 "EOW arrests another NSEL defaulter")
The Economic Offences Wing (EOW) of the Mumbai Police has arrested Ramesh Nagpal, Proprietor of Shree Radhey Trading Co, in Rs 4600 crore payment crisis at National Spot Exchange Ltd (NSEL).
Informed sources said that Saharanpur (Uttar Pradesh) – based Nagpal surrendered before the EOW on Monday following his inability to pay his dues of Rs 34 crore.
His anticipatory bail application was first rejected by the MPID court in Mumbai. Later he withdrew his anticipatory bail application from the
He is an accused of misleading High Court Committee and now allowing EOW to inspect the stocks lying in his Saharanpur warehouse.