Porinju Veliyath has alleged that a chor promoter played fraud with investors & caused them colossal losses. He has vowed to bring the promoters to book and make them pay
Posts in category scam
SEBI Busts Circular Trading Scam By Operators In Dubious Multibagger Stock
SEBI has busted a nefarious ‘circular trading’ plan hatched by operators in a dubious multibagger stock. Several hapless novice investors are entrapped in the stock
SEBI To Nail PMS Fund Managers For Duping Public With Bogus Buy Recommendations
SEBI has launched an offensive against unscrupulous PMS fund managers who issue buy recommendations to the public while surreptitiously selling their holdings. SEBI has vowed to bring these managers to book
Raghav Bahl Rakes In Tax-Free Gain Of Rs. 115 Cr From Multibagger Penny Stock But Tax Sleuths Cry Foul
Raghav Bahl, the distinguished editor of BloombergQuint, has raked in massive tax-free multibagger gains of Rs. 115 crores in just 24 months from an unknown penny stock. However, the tax sleuths have claimed that his modus operandi is bogus and that he has to pay tax on the gains
Investors Shocked After Promoter Of “Next Page Industries” Absconds & Stock Tanks
Eminent luminaries like Ajay Relan, Prakash Diwan, Lashit Sanghavi, Nikhil Vora etc had backed a stock touted to be the “next Page Industries”. Unfortunately, the promoter has gone missing and investors are now in the lurch
Intelligent Fanatic Ka Stock Nahin Dubega: Investors Stay In Denial Despite Colossal Losses
A stock which is headed by a so-called “intelligent fanatic” attracted the crème-de-la-crème of investors. They ignored the warnings that were writ large and are now wailing inconsolably at the colossal losses
Mohnish Pabrai Escapes Loss Of Rs. 150 Crore As Fav Stock Tanks In Bribery Scam
Mohnish Pabrai has the luck of the Devil. He has providentially escaped a crippling loss of Rs. 150 crore because his purchase of a truck load of a tainted stock was cancelled. However, punters who cloned his purchase are stranded in the deep sea with no shore in sight
Fear Grips Investors In “Next L&T” & “Next Page Industries” Stocks After Manpasand Fiasco
Investors merrily tucked into stocks with dubious credentials on the premise that they would blossom into “next L&T” and “next Page Industries” and shower multibagger gains. However, reality is now dawning upon investors that these may be junkyard stocks. Unfortunately, the exit doors are blocked and there is nowhere to run or hide
High Court Busts Penny Stocks Scam & Ends Claim Of Bogus Long-Term Capital Gains
Penny stocks have long been abused by unscrupulous taxpayers to launder their unaccounted money by showing them to be tax-free long-term capital gains. The Bombay High Court has thankfully put an end to the menace and brought the tax evaders to book
SEBI Fines Stock Adviser Rs. 25 Lakhs For Recommending Stocks On Twitter
SEBI has sent the chilling warning that it regards the use of twitter to issue buy and sell recommendations as a “manipulative technique using social media” and that it will crack down on it. A stock adviser who used twitter to promote his subscription service has been fined a massive sum of Rs. 25 lakhs
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