SEBI busts ₹144-crore stock fraud using travel and food order data
The Securities and Exchange Board of India (SEBI) has exposed a pump-and-dump scheme worth ₹143.79 crore, leading to a ban on 221 entities involved in manipulating five small-cap stocks from 2017 to 2020. To dismantle the operation, regulators analyzed digital evidence including food delivery records, hotel reservations, flight bookings, and WhatsApp conversations. These findings were instrumental in proving the connections between the suspects and uncovering their synchronized methods.
by shortkt.com✓