Anjani Sinha's U-turn puts NSEL board in the dock

In a surprising U-turn, Anjani Sinha, former managing director and CEO of the National Spot Exchange Ltd (NSEL), has blamed the entire board of the exchange for the Rs 5,600-crore payment crisis. In a fresh affidavit filed on Friday, Sinha said his August 14 affidavit, in which he had taken the entire blame on himself and his management team, was “filed under duress” and he was forced to do so by the NSEL board, which knew everything. The affidavit, Sinha said, was “authorised at the office of the exchange” and he alone should not be held responsible for the scam.

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