Rs 24 crore from hot air? How to buy shares with land you don't have and sell a business that isn't one
A Sebi investigation has revealed an ingenious pump-and-dump scheme, one that required cunning and chutzpah
Source: moneycontrol.com
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Stock Manipulation: SEBI Imposes Rs93 Lakh Penalty on 8, Including CMD, Promoters, Directors and KMPs of Vikas Proppant and Granite
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs93 lakh on eight, including promoters, chairperson and managing director (CMD) and directors, while directing three of them to disgorge Rs22.80 crore, the unlawful gains earned by manipulating the share price of Vikas Proppant and Granite Ltd (VPGL), with an interest of 12% pa (per annum).
Source: moneylife.in