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ED rejects Motilal Oswal plea in NSEL case; issues fresh summons

Motilal Oswal had requested the probe agency to allow him to be represented by one of his company's directors

Shrimi Choudhary  |  Mumbai 

The Enforcement Directorate (ED) has issued another summon to Motilal Oswal, chairman and managing director of Motilal Oswal Financial Services, rejecting his request to be represented by one of the directors of the company.

The move came after enforcement sleuths asked him to appear before it on August 8. “There is no exemption granted for the individual,” an ED official told Business Standard. “We are examining the broker’s role in the entire scam and need to cross-verify the evidences,” he added. When contacted, a Motilal Oswal Fin services spokesperson ...

First Published: Tue, August 09 2016. 22:41 IST

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