Court Orders Release of Flat in NSEL Scam Case

A court has decided that a flat belonging to a former director of NSEL, a company involved in a financial scandal, should be released.

The court found no evidence linking the director or the flat to the illegal activities.

The property was bought before the fraud began.

The judge pointed out that the authorities did not prove any connection between the flat and the missing money from the NSEL scam.

The court's decision means the property can be returned to its owner because the authorities failed to establish a financial link or shortfall justifying the attachment of the property.

The director held no decision-making power.