Reader and friend Haresh Nagpal writes on twitter about the proliferation of fake SMS’s that are pump and dump schemes. He mentions an SMS like this: And ...
In a property called Shiv Kala Charms, buyers are hardly charmed as it turns out the builder has sold the property to multiple people and many of them have ...
Gujarat NRE Coke is in an accounting mess. Businessworld writes that the company’s Australian subsidiary, Gujarat NRE Coking Coal, listed on the Australian ...
Avinash Celestine is on roll. In a long but very readable piece, he talks about how money is converted from Black to White using stocks. At the helm is the ...
NSEL had supposedly given an interview to Moneylife where they explain their operations. Now it appears some of this are a little awry. Here’s my take on ...
The Crisis of NSEL that has brought Financial Technologies crashing 80% is all because of a product that seems to have been actively advertised as a “safe” ...
The NSEL problem gets more complicated. It’s now a case of borderline fraud, it seems. Remember the owner of the NSEL (National Spot Exchange), Financial ...
SEBI has found Zylog management potentially guilty of massive fraud, says SEBI, in an interim ex-parte order (party not present) that disallows them from ...
One more sad story that emerged last week was a chit fund that went bust: The Saradha Group. Taking money from depositors all over the eastern states of Assam ...
SEBI has ordered the Saraf family of Zenith Infotech to produce bank guarantees of $33 million without using any funds of the company. SEBI has found evidence ...
