EOW to investigate books of AWN Agro

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BS Reporters Mumbai/ Ahmedabad
Last Updated : Nov 23 2013 | 12:27 AM IST
Under the scanner of the Mumbai police's Economic Offences Wing (EOW), Adani Wilmar on Friday submitted the books of account of AWN Agro (AWN), a 50:50 joint venture between Adani Wilmar and N K Proteins (NKP), for investigation.

Earlier, EOW had sought the books of AWN. The matter pertained to AWN's ties with NKP, the largest defaulter in the Rs 5,600-crore National Spot Exchange Ltd (NSEL) payment crisis. A senior EOW official said the department would start probing financial irregularities in the matter, if any, from Monday.

Meanwhile, NSEL investors have appealed to the Bombay High Court to extend the remand of Arun Kumar Sharma, chairman and managing director of Lotus Refiners, which owes NSEL Rs 252.56 crore.


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First Published: Nov 23 2013 | 12:25 AM IST

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