Ex-NSEL CEO Sinha does a U-turn, now blames board for mess

In a dramatic, but expected move, National Spot Exchange Limited's former chief executive officer and managing director Anjani Sinha reversed the stance taken earlier and blamed the board for the mess.

In a fresh affidavit filed before the magistrate, Sinha said he had signed the earlier affidavit under pressure from the NSEL board members.

The affidavit further goes to say that neither did Sinha take any personal benefits from borrowers nor was he delegated the authority to take crucial decisions.

Meanwhile, Mumbai police said it has frozen four NSEL bank accounts and 76 borrower accounts.

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