The Enforcement Directorate (ED), in its status report submitted to the Finance Ministry on alleged financial law violations by National Spot Exchange, on Thursday indicated that the crisis-ridden bourse might have violated money laundering laws and a few foreign exchange procedures. The ED was one of the two working groups that was looking into the payment crisis on the commodity exchange.
“The report speaks about detected violations in a few instances and necessary regulations that possibly were not complied with,” a source privy to the development said.
