A high-level panel, headed by Economic Affairs Secretary Arvind Mayaram, submitted to Finance Minister P. Chidambaram its report on the alleged irregularities at the National Spot Exchange Ltd (NSEL).
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The NSEL scam is a systematic and premeditated fraud perpetrated in the commodity market by National Spot Exchange Ltd based in Mumbai, India.
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About 15000 investors along with public sector units like MMTC and PEC are also affected.
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