Mumbai :  Former bureaucrat Venkat R Chary, who served as non-executive chairman of commodity bourse MCX till August 2013, has put the blame for NSEL crisis at the former CEO and certain other employees of the spot exchange.

Chary, who has also served as chairman of commodities market regulator FMC (Forward Markets Commission) in the past, also said he fears a conspiracy behind his name being talked about by vested interests with regard to the NSEL crisis.

 “There is a conspiracy against me … I will take legal action against those responsible for tarnishing my image over the NSEL controversy, with which I have nothing to do,” Chary told PTI here.

 Chary, who was on MCX’s board for about a decade, also debunked the media reports that said CBI may look into his role in the NSEL matter. Chary claimed that he has discussed the matter with officials of CBI as well as the Economic Offence Wing of Mumbai Police and they have also denied any probe against him.

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