Sucheta Dalal :NSEL: Unearthing or Protecting?
Sucheta Dalal

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NSEL: Unearthing or Protecting?  

October 1, 2013

Too many committees and official statements, but little real action

Sucheta Dalal

In all the 66 years after independence, whenever a scam was unearthed, government actions have followed a certain pattern. There is a prima facie investigation; the case is quickly handed over to the Central Bureau of Investigation (CBI) and, after a big show of searches, raids and arrests, it dwindles into never-ending litigation. As the case drags on, key documents go missing; the CBI is unable to prove any of the tall claims that were made to back their initial arrests; and the evidence that is put out at trial is weak and inadequate. But the Rs5,300-crore National Spot Exchange Limited (NSEL) scam seems to be following a new pattern of inaction.

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-- Sucheta Dalal