A final order finds Debock Industries inflated its books with fake sales, fake preferential shares and forged bank statements to climb onto NSE’s main board, then diverted ₹49 crore of rights issue money. Twenty nine people and entities were investigated. Eleven were held responsible. How this case started Debock Industries Limited began life as Debock […]
Trafiksol’s shares were about to list on BSE’s SME platform after its IPO was oversubscribed 345 times. Then a complaint exposed that its ₹17.70 crore software vendor was a shell company. SEBI’s final order now finds the promoters knew, and fines them for inflated sales too. An IPO that was oversubscribed 345 times, then frozen
He showed Yuvraj a SEBI notice as proof his money was “safe”, right after Yuvraj had deposited Rs 25,00,000. The notice was never handed over. The refund never came either. That’s how a fund style pitch can look regulated right up until the moment it isn’t. AIFs move real crores on trust, so verify the
Fake contract notes. A false claim of NSE Investor Protection Fund cover. A partnership that supposedly didn’t need SEBI registration at all. That’s the exact defence one operator gave SEBI, right before being fined. He was managing money the same way plenty of “account handlers” still pitch today, for far less than the legal Rs
India has over 18 crore demat accounts and roughly 1,042 SEBI registered investment advisers. Do that math, and you’ll see why every finfluencer suddenly calls themselves an advisor. Most of them are simply filling a gap that real, accountable RIAs can’t reach. Pay the wrong one and there’s no regulator standing behind a single rupee
“Made Rs 9,000 today. Out of 4 calls of Kunal, he earned profit in 3.” That’s exactly how one college student got pulled in, right before he lost Rs 1,50,000. The analyst’s registration number even checked out on paper. It was the entity behind it that didn’t. Five companies were later found sharing the same
SEBI investigated a decade of share deals between Max Financial and Axis Bank’s group, worth thousands of crores. Its final order says none of it was fraud, and closes the case with zero penalty. What this case was actually about Back in 2010, Max Life Insurance (then called Max New York Life) needed a strong
A broker vanished with Rs 7,000 crore of 23,000 investors’ money, and every single one of them had a working trading account until the day it wasn’t. Nobody opens an account expecting that to be their story. Yet almost none of them had checked the one number that would have warned them. Run this SEBI
Most SEBI orders read like dry compliance paperwork. This one has actual call transcripts in it, and they’re worth reading closely, because they show exactly what a “guaranteed returns” pitch sounds like in practice. What SEBI’s Inspection Found SEBI conducted a surprise inspection of Trade Nexa Research in March 2024, covering the period from April
If you had money or shares parked with a broker and things went quiet for years while a case dragged through SEBI and the courts, this is roughly what that process looks like from the inside. Modex International Securities Limited, a stock broker registered with SEBI, first came under the scanner back in 2020. The
If you follow India’s startup ecosystem even loosely, Exfinity Venture Partners is a name you might recognise, not from an investor complaint, but from funding announcements. So finding it on a SEBI enforcement list is the kind of thing that makes you pause. Here’s what actually happened, and why it’s a good example of how
If you traded through Karvy at any point before 2019, you probably already know how that story ended. If you don’t, here’s the short version, and why this new order is really just the final page of a much bigger file. What Actually Happened to Karvy Karvy Stock Broking was once one of India’s largest
