Herfer’s ‘Film Story’ in the stock market – Seacost Shipping Services Ltd Shares Fell More Than 70 Percent in a Year Watch Video To Know What Stock Market Manipulation News is related to this company and whatsans have sebi tax
You have hardly heard such a case of manipulation in the stock market. A company raised money from investors, but these money went elsewhere from the company’s account. When the company’s shares started falling and it was investigated, a peculiar cleaning was presented. The company said that its promoter i.e. the company’s son’s son was kidnapping and these money was given to the kidnapper as ransom. The matter is not just that, when SEBI interrogated the company’s independent director, whose job is to stop and alert such manipulative activities, then those independent directors said that the ransom is far away, first the company has collected money from investors, they do not know the same. When the FIR related to kidnapping and the police Complain Report were sought, SEBI came to know that no such report has been filed. Now SEBI has not only banned the company and its officials from the stock market, but has also imposed a fine of crores of rupees on them. What is this whole matter? Let us know it in detail.
