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NSEL contests forensic audit findings on IBMA, ET Bureau News

NSEL-contests-forensic-audit-findings-on-IBMA,-ET-Bureau-News

NSEL said that the presence of IBMA, which provided buy and sell quotes, enabled investors to exit as an opposite party is needed to purchase units sold.

The forensic audit report findings that Indian Bullion Market Association (IBMA), a subsidiary of NSEL, perforated intra-day operations accounted for 95% of total turnover series e-traded during its lifetime, has been disputed by NSEL.

Read more news here at ET Bureau >>>>

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