Raiding 47 locations in 17 cities in a year. The prices of anonymous shares are being increased through videos and fake experts. The racket is also active in Lucknow, Kanpur, Noida and Ghaziabad of UP
Then a golden prediction was made for the shares of that company in the TV show. Then as soon as the price went up they sold its shares and exited. Its profits were shared among traders, stock experts and social media channels.
One and a half thousand companies banned so far for fraud
SEBI has so far banned 1500 companies in such frauds and has registered FIR in 338 cases. The court has held the companies guilty in 24 cases. Registration has been canceled in 82 cases. Also, 30 have been suspended and 12 have been warned.
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