New Delhi: Commodity bourse NMCE has suspended two members and expelled eight members for fraudulent trading, the government said on Tuesday.
“National Multi Commodity Exchange (NMCE) has suspended two members and expelled eight members for fraudulent trading,” food and consumer affairs minister K V Thomas said in a written reply to Rajya Sabha.
A complaint regarding fraudulent transactions in the NMCE has been received, he said.
“Whenever any complaint is received, action is being taken,” the minister noted.
NMCE, which is the country’s fourth largest commodity bourse, was set up in 2003 and offers futures trading largely in rubber, base metals and some agricultural items.