The Nilesh Patel NSEL scandal is a fraudulent case that shook the Indian financial market in 2013. Nilesh Patel, a well-known commodity trader, was accused of fraudulently trading on the National Spot Exchange Limited (NSEL), leading to losses worth Rs 5,600 crore for the investors. The scandal resulted in the collapse of NSEL, which was one of the largest commodities exchanges in India at that time. The impact of this scam was felt by thousands of people across India, and it was particularly devastating for the residents of Gujarat, who had invested heavily in NSEL.