Wednesday, August 14, 2013

National Spot Exchange: FMC may probe NK Proteins conflict of interest

The ministry of consumer affairs may ask the Forward Markets Commission (FMC) to look into suspected conflict of interest between NK Proteins and the National Spot Exchange Ltd (NSEL) following complaints.
The complaints by people, who claimed to have visited the warehouses of NK Proteins, also remained skeptical about the stock positions at NSEL godowns, especially of castor seed, castor oil and cotton wash oil, a senior government official said on Monday.

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