Investigation by multiple agencies in the same issue

Though investigations are not complete and the promoters(Jignesh Shah) not held guilty, they are subjected to excessive harassment

Rumours about Jignesh Shah that have no basis and far from reality

Relief and recovery measures of FTIL are not recognised

Continuous threats in terms of change of management of FTIL which are adversely affecting the recovery process and crisis resolution

Loss of Exchanges and ecosystem ventures at distress that FTIL has pioneered and so passionately developed

Closure/Sale of companies

Loss of business growth

Job losses in group companies affecting hundreds of families

Decline in the commodity exchange business after the exit of the promoters

Loss to scores of small businesses that depended on the FTIL group for various support services

NSEL has been needlessly punished and so has the Financial Technologies Group. Assets of the defaulters worth Rs 5000 crore have been seized for attachment by EOW, which is close to the Rs 5690 crore settlement due. The Government should take all the measures possible to dispose of these assets in order to bring an early resolution to the problem.

FTIL and the managerial professionals be absolved from the not ‘Fit and Proper’ declaration by the FMC, which was made without proper examination and investigation of all the factors concerned and without considering the judicial process currently in progress.