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Apr 16, 2015
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SEBI bars 9 companies for fraudulent trading in shares of Kinetic Capital Services, Shubh International
Sebi has barred nine entities from the capital markets for up to three years for indulging in fraudulent trading in shares of Kinetic Capital Services and Shubh International, back in 1999. The Securities and Exchange Board of India probe found that Gagan Securities, Unique Securities, GK Investments, Ajay Jain, Deepak Batra, Parveen Bansal, Rajesh Kumar, Asim Jain and Sunil Gupta were acting in concert to manipulate the share prices of the two firms.
Source -
http://economictimes.indiatimes.com
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