Madras HC issues notice to SEBI, MCA, ED in NSE co-location case
5 years, 2 months ago

Madras HC issues notice to SEBI, MCA, ED in NSE co-location case

India TV News  

The Madras High Court has admitted a Public Interest Litigation filed by the Chennai Financial Markets and Accountability in the National Stock Exchange co-location case and issued notices to the SEBI, the Ministry of Corporate Affairs, the CBI, Enforcement Directorate and the NSE. The order copy dated September 27 also said that the PIL brought to the knowledge of the court that the third respondent, the Central Bureau of Investigation filed the first investigation report bearing "No.RC AC1 2018 A0011" on 28.05.2018, in relation to NSE co-location Scam and there appears to be a slow progress in the said investigation. The PIL further said: "It is shocking that the 1st Respondent had absolved the 7th respondent NSE and its officials of all allegations under the SEBI Regulations, 2003 in the relevant SCNs." The whistleblower had alleged that some trading member of NSE in collusion of employees or management of the exchange including preferential treatment to certain trading members to obtain faster access to market trade data.

Trade Market Access Cbi Pil Sebi Mca Tor Nse  access  investigation  issues  nse  colocation  trade  trading  hc  case  madras  notice  sebi  market  pil  mca  respondent  ed

History of this topic

HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case
3 days, 23 hours ago

HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case

Hindustan Times  

Mumbai: The Bombay High Court on Friday issued a notice to the Central Board of Investigation in a plea related to an alleged multi crore mutual fund scam case against Viresh Joshi, a former manager at Axis Mutual Fund, and others, in connection with the multi-crore ‘front-running’ fraud. A bench of justice Revati Mohite-Dere and justice Dr. Neela Gokhale was …

Former Nesco ind director pays ₹21.45 lakh to settle disclosure violation case with Sebi
1 week, 1 day ago

Former Nesco ind director pays ₹21.45 lakh to settle disclosure violation case with Sebi

Live Mint  

New Delhi, Jan 1 Manu M Parpia, a former independent director of Nesco Ltd, on Wednesday settled with Sebi a case on alleged violation of disclosure and other regulatory norms after paying ₹21.4 lakh towards settlement charges. "In exercise of the powers.of the settlement regulations, it is hereby ordered that the instant proceedings initiated against the applicant vide show cause …

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?
2 weeks, 2 days ago

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?

Live Mint  

Securities and Exchange board of India on Monday suspended trading in shares of Bharat Global Developers Ltd., the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures. Stocks Rallied Over 10,000% In 1 Year Shares of the Gujarat-headquartered company surged over 10,000% in the 12-month period ending November as it announced …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
2 weeks, 2 days ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
2 weeks, 3 days ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
2 weeks, 3 days ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi
2 weeks, 6 days ago

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi

The Hindu  

Six entities, including Samir Kothari and Jitendra N. Kewalramani, has settled with Sebi in a case pertaining to the suspected front-running of trades by paying ₹3.49 crore towards settlement charges. These included disgorgement of unlawful gain totalling ₹2.06 crore along with 12 per cent interest per annum from the date of the impugned transaction to the date of filing of …

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India
3 weeks, 1 day ago

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India

Live Law  

A Public Interest Litigation had been filed in the Bombay High Court seeking directions to the Securities and Exchange Board of India to withdraw the permission granted to the Association of Mutual Funds in India in relation to The PIL filed by a chartered accountant alleges that the AMFI has misused the permission/liberty granted by SEBI for the commercial benefit …

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia
3 weeks, 2 days ago

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia

Live Mint  

Mumbai, Dec 17 Capital markets regulator Sebi wants to prevent exuberance, price manipulations and fraudulent trading practices on the Small and Medium Enterprises exchange, a senior official said on Tuesday. Addressing the India SME Banking Summit here, Whole Time Member Ashwani Bhatia said the regulator's board will be taking up the issue at its forthcoming meeting. "We are cognisant of …

CBI arrests advocate of bank for demanding bribe of ₹1.70 lakh
4 weeks ago

CBI arrests advocate of bank for demanding bribe of ₹1.70 lakh

Hindustan Times  

Central Bureau of Investigation has arrested an advocate who is a member of the panel of Indian Bank, Kolhapur for demanding and accepting a bribe of ₹1.70 lakh from the complainant, the probe agency said on Tuesday. CBI conducted searches at the residential and official premises of the accused at Ichalkaranji which led to recovery of incriminating documents, said officials. …

Cyber crime case: CBI conducts searches in Delhi-NCR in connection with ₹117 crore fraud
1 month ago

Cyber crime case: CBI conducts searches in Delhi-NCR in connection with ₹117 crore fraud

Live Mint  

The Central Bureau of Investigation conducted searches in 10 locations in Delhi and nearby areas on Wednesday related to transnational cyber fraud cases of around ₹117 crore, reported PTI, citing CBI officials. The CBI conducted the searches while investigating a case based on a complaint from the Union Home Ministry’s Cyber Crime Coordination Centre. In the searches conducted on Wednesday, …

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C
Trending News
1 month ago

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C

New Indian Express  

NEW DELHI: The Central Bureau of Investigation on Wednesday conducted searches at 10 locations across Delhi and its adjoining areas in connection with its probe into a case linked to cyber fraud involving embezzlement of Rs 117 crore, officials said. A senior CBI official said, “The investigation so far has revealed that fraudsters operating from overseas use digital platforms such …

CBI conducts searches in Delhi-NCR in connection with Rs 117 crore cyber fraud case
Trending News
1 month ago

CBI conducts searches in Delhi-NCR in connection with Rs 117 crore cyber fraud case

India TV News  

Cyber Fraud Case: The Central Bureau of Investigation conducted searches at 10 locations in Delhi and surrounding areas today in connection with an ongoing investigation of transnational cyber-enabled financial frauds involving Rs 117 crore, said officials. According to the CBI, the searches were conducted in an ongoing investigation into a case registered under Sections 403, 420 of the Indian Penal …

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
1 month, 1 week ago

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, November 29, penalized Reliance Securities with ₹9 lakh for flouting market norms and stock broker rules. The order came after the regulator and exchanges, NSE and BSE, conducted a thematic onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd, a …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
1 month, 1 week ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

CBI Conducts Searches at 6 Locations in Tamil Nadu in Bribe Case
1 month, 1 week ago

CBI Conducts Searches at 6 Locations in Tamil Nadu in Bribe Case

Deccan Chronicle  

New Delhi: The Central Bureau of Investigation conducted searches on the residential premises of an accused at Chennai, Tiruvallur, Thanjavur and Kanyakumari in Tamil Nadu in an on-going investigation of a case of bribery leading to recovery of Rs. The CBI had registered a case on October 25, 2024 against half a dozen persons including the then Senior Deputy Director …

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case
Trending News
1 month, 2 weeks ago

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case

New Indian Express  

NEW DELHI: The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, to appear before it as soon as possible in connection with the Rs 6,600-crore Gain Bitcoin ponzi scam case, officials said. The Central Bureau of Investigation, which is probing the Gain Bitcoin ponzi "scam" on the directions of the Supreme Court, swung into action hours after the …

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur
1 month, 2 weeks ago

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur

India TV News  

Maharashtra bitcoin scam: The Central Bureau of Investigation on Wednesday filed a case against Amit Bhardwaj and Ajay Bhardwaj - accused in the Bitcoin Sam case. The matter took centerstage after former IPS officer from Pune Ravindranath Patil made an allegation against Sule and Patole over their alleged role in misappropriately using bitcoins from a 2018 cryptocurrency fraud case to …

Assam online trading scam: CBI conducts raids in 5 states; 1 key accused arrested
1 month, 3 weeks ago

Assam online trading scam: CBI conducts raids in 5 states; 1 key accused arrested

Hindustan Times  

The Central Bureau of Investigation has arrested one of the prime accused persons from West Bengal in connection with 41 cases of online trading fraud in Assam. In a statement issued on Friday, the CBI stated that one Gopal Paul, who is the primary accused in the one of the cases, was arrested from his hideout in Siliguri in West …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 4 weeks ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam
2 months, 3 weeks ago

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam

The Hindu  

Central Bureau of Investigation (CBI) has booked an IPS officer named Bhagyashree Navtake for forgery and criminal conspiracy in a ₹1,200 crore scam probe. The CBI investigation found instances of forgery, including registering three cases under one crime in a single day and obtaining complainants’ signatures without their presence. The case was filed based on a CID report highlighting procedural …

Have FPIs implicated in Adani matter revealed details of their owners: Congress
3 months, 4 weeks ago

Have FPIs implicated in Adani matter revealed details of their owners: Congress

New Indian Express  

NEW DELHI: Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh …

Congress alleges SEBI chief received ₹16.8 Cr from ICICI Bank
4 months, 1 week ago

Congress alleges SEBI chief received ₹16.8 Cr from ICICI Bank

Hindustan Times  

The Congress on Monday accused Securities and Exchange Board of India chairperson Madhabi Puri Buch of holding an office of profit at the ICICI Bank and receiving ₹16.8 Cr in substantial benefits from the bank and its subsidiaries. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Addressing a press conference in Delhi, Congress leader Pawan Khera alleged that between 2017 and 2024, Buch received …

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors
4 months, 2 weeks ago

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors

Live Law  

The Securities and Exchange Board of India has imposed a one-year ban on Siddharth Pandey of Snigdha Equity Advisory following violations of regulatory standards concerning investment advisory services. SEBI's examination of Pandey's Know-Your-Customer documents, bank statements, and communication records uncovered that he was offering investment advisory services without the required registration. Further Pandey's online presence revealed a Facebook profile under …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
4 months, 2 weeks ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

ED conducts search operations in Nagpur, Kolkata, Vishakhapatnam in ₹4,000 crore bank loan fraud case
4 months, 3 weeks ago

ED conducts search operations in Nagpur, Kolkata, Vishakhapatnam in ₹4,000 crore bank loan fraud case

The Hindu  

The Enforcement Directorate’s Nagpur sub-zonal office carried out three days of search operations from August 12 to August 14 at 14 official and residential premises in Nagpur, Kolkata, and Vishakhapatnam as part of a money laundering investigation. ED officials said on Wednesday they are investigating a bank loan fraud by M/s Corporate Power Limited and its promoters and directors: Manoj …

​Step down: On upholding the integrity of SEBI
4 months, 3 weeks ago

​Step down: On upholding the integrity of SEBI

The Hindu  

Not since the Harshad Mehta scam of 1992 has India’s securities regulations and oversight come under such scrutiny. However, the accusations of a conflict of interest levelled by New York-based short-seller Hindenburg Research against SEBI chairperson Madhabi Puri Buch in the conduct of the ongoing investigations against the Adani Group, the Ahmedabad-based global infrastructure to FMCG major, for alleged stock …

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’
4 months, 4 weeks ago

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’

Live Mint  

Hours after US short-seller Hindenburg Research levelled allegations against Sebi chairperson Madhabi Buch, the Congress on Saturday asked the Central government to immediately eliminate all conflicts of interest in the regulator's investigation of the Adani Group. Congress general secretary Jairam Ramesh, in an official statement, said the Sebi's “strange reluctance” to investigate the “Adani mega scam” has been long noted, …

SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data
5 months, 1 week ago

SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

Live Law  

The Securities and Exchange Board of India has imposed a fine of ₹3 lakh on IIFL Securities for failing to maintain due diligence and care in its role as market intermediaries. This penalty arose from the mishandling of client data related to domicile information which impacted stamp duty obligations. Between July 2020 and June 2022, IIFL Securities registered 12,101 instances …

Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr
6 months, 1 week ago

Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr

Business Standard  

The order came after Raselle Capital proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions" of the law. | Photo: Bloomberg Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as …

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%
6 months, 1 week ago

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%

Live Mint  

Shares of domestic brokerage IIFL Securities turned bearish soon after capital markets regulator Securities and Exchange Board of India initiated a probe into Sanjiv Bhasin's role in stock market manipulation. Bhasin, who regularly provides stock trading suggestions on various business news channels, was associated with IIFL Securities as a consultant on a contractual basis. The report quoted IIFL Securities in …

SEBI Can Now Impose Fine On Market Infrastructure Institutions (MIIs) For Surveillance-Related Lapses
7 months ago

SEBI Can Now Impose Fine On Market Infrastructure Institutions (MIIs) For Surveillance-Related Lapses

Live Law  

The Securities and Exchange Board of India has issued a circular to address surveillance-related lapses at market infrastructure institutions. Financial disincentives or fines imposed by SEBI vary depending on the annual revenue of the MII and the recurrence of surveillance-related lapses. Subsequent instances incur higher disincentives, with the third instance onwards potentially resulting in a penalty of up to Rs …

Pazee Forex scam: Madras HC discharges TN IPS officer from extortion case
7 months ago

Pazee Forex scam: Madras HC discharges TN IPS officer from extortion case

New Indian Express  

CHENNAI: In a big reprieve to Tamil Nadu cadre IPS officer, Pramod Kumar, the Madras High Court discharged him from the cases relating to extortion of money from the Pazee Forex India Trading Limited and set aside the orders of a special court for CBI cases and framing of charges against the officer. Justice Vivek Kumar Singh, passing orders on …

SEBI warns ICICI Bank for ‘influencing’ shareholders
7 months ago

SEBI warns ICICI Bank for ‘influencing’ shareholders

New Indian Express  

NEW DELHI: The Securities and Exchange Board of India has snubbed ICICI Bank for coaxing shareholders of ICICI Securities and trying to influence them to vote in favour of delisting of the latter. The regulator undertook an investigation based on complaints of some shareholders of I-Sec, who alleged the bank in the pretext of an outreach programme advised them to …

SEBI issues warning to ICICI bank for trying to influence shareholders to vote for delisting ICICI Securities
7 months ago

SEBI issues warning to ICICI bank for trying to influence shareholders to vote for delisting ICICI Securities

Hindustan Times  

The Securities Exchange Board of India issued an administrative warning to ICICI Bank for trying to influence shareholders to vote in favour of delisting ICICI securities, ANI reported. A bird flies past the facade of the ICICI bank head office in Mumbai The market regulator, in a letter to the bank dated June 6, noted that it received several complaints …

CBI takes up probe into Valmiki corporation’s financial fraud: Parameshwara
7 months ago

CBI takes up probe into Valmiki corporation’s financial fraud: Parameshwara

The Hindu  

Home Minister G. Parameshwara has said that the Central Bureau of Investigation has taken up a probe into the alleged multi-crore illegal diversion of money involving State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. Mumbai-headquartered Union Bank of India last week filed a complaint with the CBI in connection with the embezzlement of public money of the corporation involving …

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation
7 months, 3 weeks ago

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation

India TV News  

The Central Bureau of Investigation made a significant breakthrough on Tuesday as it apprehended Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud probe. SEBI's actions In February of this year, the Securities Exchange Board of India took action by ordering the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj …

SEBI should not become another SBI, 'too scared to touch the sacred': Congress
9 months ago

SEBI should not become another SBI, 'too scared to touch the sacred': Congress

The Hindu  

The Congress on April 3 hoped that the Securities and Exchange Board of India, tasked with probing charges of alleged stock manipulation by the Adani Group, would not seek further extension for presenting its report in the Supreme Court to push the deadline past the election date. Congress general secretary Jairam Ramesh said the SEBI should not become another State …

Trustees of CIG Realty Fund move SAT against Sebi order
9 months, 3 weeks ago

Trustees of CIG Realty Fund move SAT against Sebi order

Live Mint  

Mumbai: The Trustees of CIG Realty Fund on Tuesday moved the Securities Appellate Tribunal challenging an order by the Securities and Exchange Board of India in December that barred them from accessing the capital markets. These complaints pertained to three schemes – CIG Realty Fund Type I, II, and IV. The complaints pertained to various issues including the extension of …

CBI raids over 67 locations in connection with Rs 820-crore suspicious IMPS transactions in UCO Bank
10 months ago

CBI raids over 67 locations in connection with Rs 820-crore suspicious IMPS transactions in UCO Bank

India TV News  

The Central Bureau of Investigation is conducting searches at over 67 locations in connection with Rs 820-crore IMPS scam in the UCO Bank, officials informed on Thursday. It was alleged that between 10.11.2023 to 13.11.2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully posted in the accounts of over 41,000 UCO Bank account …

Sebi to question Zee top bosses Subhash Chandra and Punit Goenka: Report
10 months, 2 weeks ago

Sebi to question Zee top bosses Subhash Chandra and Punit Goenka: Report

Hindustan Times  

The Securities and Exchange Board of India is set to question Zee Entertainment Enterprises' top management- founder Subhash Chandra an chief executive and managing director Punit Goenka- on the alleged fund diversion at the media firm, Economic Times reported citing two people in the know. In June last year, Sebi said that ₹200 crore from Zee were diverted through related …

Misappropriation tantamount to exchequer loot: Registrar of Companies Kerala
10 months, 3 weeks ago

Misappropriation tantamount to exchequer loot: Registrar of Companies Kerala

New Indian Express  

KOCHI: The office of the Registrar of Companies Kerala on Monday informed the High Court that misappropriation of funds in Cochin Minerals and Rutile Ltd is tantamount to looting of public exchequer and it will have an impact on the general industrial development of the state. Citing the complaint filed by Shone George, the ROC pointed out that as a …

CBI takes over probe into ₹1.86 cr fraud by investment firm
11 months ago

CBI takes over probe into ₹1.86 cr fraud by investment firm

Hindustan Times  

MUMBAI: The Central Bureau of Investigation has taken over investigation in two cases of alleged fraud worth ₹1.86 crore by High Brow Market Research Investment Adviser Pvt Ltd, an Indore-based market research consultancy and investment firm. The complainant alleged that from January 2018 to July 2018, he transferred funds worth ₹1.61 crore to the bank account of High Brow Market …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

CBI court in Coimbatore frames charges against IG Pramod Kumar, four others in 2012 extortion case
1 year, 1 month ago

CBI court in Coimbatore frames charges against IG Pramod Kumar, four others in 2012 extortion case

The Hindu  

The special court for the trial of cases investigated by the Central Bureau of Investigation in Coimbatore on Tuesday framed charges against Inspector General of Police Pramod Kumar and four others in a 2012 extortion case, linked to the multi-crore Paazee forex scam. Judge S. Govindharajan read out the charges against Mr. Kumar, who is the first accused, and four …

Anti-money laundering: Sebi releases fresh set of guidelines. Details here
1 year, 2 months ago

Anti-money laundering: Sebi releases fresh set of guidelines. Details here

Live Mint  

The capital markets regulator Securities Exchange Board of India on Friday released a set of amendents on anti-money laundering standards and combating the financing of terrorism. Client is a company: The beneficial owner is the natural persons whether acting alone or together, or through one or more juridical person, has a controlling ownership interest or who exercises control through other …

CBI searches premises of firm in ₹3,847.58-crore cheating case
1 year, 3 months ago

CBI searches premises of firm in ₹3,847.58-crore cheating case

Hindustan Times  

The Central Bureau of Investigation on Saturday carried out searches at four premises linked to a city-based firm and four of its promoters, who are accused of cheating a consortium of banks, led by State Bank of India, of ₹3,847.58 crore. The bank has alleged that the firm, Unity Infraprojects Limited, allegedly diverted the loan money it had obtained from …

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court
1 year, 3 months ago

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court

Live Law  

In the Adani-Hindenburg matter, the petitioner seeking a Court monitored investigation against the Adani group companies has filed a new affidavit in the Supreme Court in the light of the recent investigative reports published by certain media houses against the conglomerate. The affidavit also provided details of alleged suppression of facts by SEBI before the Supreme Court and incriminating findings …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 4 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

Discover Related