Capital markets regulator Sebi has imposed a penalty of Rs 50 lakh on four individuals for indulging in fraudulent practices involving the manipulation of the shares of G G Engineering Ltd.
The four individuals, Manish Mishra, Sunil Bhandari, Rekha Bhandari and Anshu Mishra, will have to pay the penalty jointly and severally.
“I observe that Manish Mishra, in collusion with Anshu Mishra, Rekha Bhandari, Sunil Bhandari, engaged in a coordinated scheme to induce investors to acquire securities of GGENG (GG Engineering) through uploading false and misleading videos on the YouTube Channels.
“As a part of the scheme, they created artificial volumes in the scrip of GGENGG. Further… Rekha Bhandari and Sunil Bhandari indulged in order spoofing, thereby leading to creation of misleading appearance of trading in the shares of GGENG,” Sebi’s Adjudicating officer Amit Kapoor said in the order on Friday.
Accordingly, Manish, Anshu, Rekha and Sunil Bhandari have flouted the provisions of the .​Capital markets regulator Sebi has imposed a penalty of Rs 50 lakh on four individuals for indulging in fraudulent practices involving the manipulation of the shares of G G Engineering Ltd.
The four individuals, Manish Mishra, Sunil Bhandari, Rekha Bhandari and Anshu Mishra, will have to pay the penalty jointly and severally.
“I observe that Manish Mishra, in collusion with Anshu Mishra, Rekha Bhandari, Sunil Bhandari, engaged in a coordinated scheme to induce investors to acquire securities of GGENG (GG Engineering) through uploading false and misleading videos on the YouTube Channels.
“As a part of the scheme, they created artificial volumes in the scrip of GGENGG. Further… Rekha Bhandari and Sunil Bhandari indulged in order spoofing, thereby leading to creation of misleading appearance of trading in the shares of GGENG,” Sebi’s Adjudicating officer Amit Kapoor said in the order on Friday.
Accordingly, Manish, Anshu, Rekha and Sunil Bhandari have flouted the provisions of the . ​Latest News [ SOBAN NEWS: International and National ]
