@the_news_21
Mumbai: Director Sunil Jain and owner Dhiren Shukla and Anurag Shukla from ‘Artha Vriddhi Securities’, a stock broking firm, have been arrested on July 23, for a massive fraud of cheating number of investors to the tune of more than Rs 10 crore, and one of their business consultant Jairaj Bafna is now on the run.
Funds and stocks of 800 investors are stuck as their trading terminals have been blocked by the National Stock Exchange (NSE). Artha Vriddhi Securities, a stock broking firm operating from Vile Parle, Mumbai has been cheating investors for the last few years. Sunil Giri, partner of Blue Sea International had unearthed and exposed the massive financial fraud by the Stock Broking firm.
The modus operandi of the fraud stock broking firm was multi-layered and well-planned. They used to open Trading Accounts of the relatives of Directors in the same firm and do the reverse trades of clients and transfer profits to their relative’s accounts. Reverse trading has been done in the F & O section mainly.
Unauthorised trading in clients’ accounts, providing falsified, modified, deliberately wrong statements to them and failure to provide personalised, individual Trading platforms which are promised as an allurement at the time of opening the Trading Accounts.
Director Sunil Jain and Business Consultant (an Employee) Jairaj Bafna have siphoned off about 9.6 crores funds to their relative’s accounts through ‘Reversed Trading’ and ‘Unauthorised Trading’ in clients’ accounts and misusing their funds deposited in Artha Vriddhi Securities.
Blue Sea International had received about 300 E-mails with attachments which contained profit and loss statements with complete details of trades date-wise. On verifying the same from the NSE it was found that all these trades were shockingly completely false and in reality, some other trades were executed which were not informed to Blue Sea International.
The NSE Grievance Redressal Committee (GRC) conducted elaborate proceedings and had books of accounts audited, the investigations revealed that client funds were indeed misused and siphoned off in directors’ relative accounts. The NSE GRC admitted, calculated the claim amount for the loss caused to Sunil Giri at Rs. 1,54,00,000. (Order dated 8th November 2021)
Shares held in client Demat accounts were sold without informing the clients and shown as loss to clients. Number of unauthorised trades were carried out in various clients’ accounts. The clients approached Sunil Jain (Director) for clarity and refund, he would abuse and threaten them and arrogantly dared them to take the legal recourse.
According to sources, at present there are about 15 complaints with NSE for fraud against this firm. Their trading terminals have been blocked by NSE and Vile Parle police have filed a First Information Report (FIR) on July 21 against Artha Vriddhi Securities Directors Sunil Jain, Anurag Shukla, Dhiren Shukla and business consultant Jairaj Bafna.
Many investors have lost their life time savings and main culprits Sunil Jain and Jairaj Bafna are now operating through some other broking firm belonging to Sunil Jain relatives. Ritesh Jain, Sunil Jain’s cousin brother and Urvi Milan Shah, Sunil Jain’s relative, Ruchita Bafna Jairaj Bafna’s sister account were used for receiving ill-gotten investors funds.
Upon verification of bank statements there is a crystal-clear sign of round tripping of funds between these director and relatives accounts. Investigations shall reveal how the ill-gotten wealth was laundered and its further layering took place.
how to buy clomiphene tablets clomiphene one fallopian tube where buy cheap clomiphene name brand for clomiphene get generic clomiphene for sale clomid 50mg for sale buying generic clomiphene pill
I couldn’t resist commenting. Warmly written!
This is the compassionate of scribble literary works I in fact appreciate.
azithromycin tablet – floxin price order metronidazole for sale
order semaglutide 14 mg online – buy semaglutide 14 mg brand cyproheptadine 4 mg
motilium 10mg cheap – how to buy flexeril order flexeril pills
nexium 20mg usa – anexa mate order esomeprazole 40mg capsules
coumadin cheap – coumamide purchase losartan
order mobic online cheap – swelling buy meloxicam 15mg pill
buy deltasone 20mg pill – https://apreplson.com/ buy generic prednisone for sale
buy ed pills online usa – https://fastedtotake.com/ herbal ed pills
amoxil oral – https://combamoxi.com/ order amoxil pills
buy fluconazole generic – diflucan for sale online fluconazole canada
tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price – click tadalafil citrate
buy cheap generic zantac – ranitidine order online buy zantac 150mg for sale
cialis and cocaine – this cialis at canadian pharmacy
Greetings! Extremely useful recommendation within this article! It’s the scarcely changes which wish obtain the largest changes. Thanks a a quantity quest of sharing! site
order viagra from mexico – buy viagra kenya sildenafil citrate tablets ip 50 mg
I’ll certainly bring back to read more. buy accutane without prescription
More posts like this would force the blogosphere more useful. https://prohnrg.com/product/orlistat-pills-di/
I couldn’t resist commenting. Well written! https://aranitidine.com/fr/clenbuterol/
More posts like this would prosper the blogosphere more useful.
https://proisotrepl.com/product/propranolol/
I am in point of fact happy to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks for providing such data. http://sols9.com/batheo/Forum/User-Bwqkon
dapagliflozin over the counter – https://janozin.com/ forxiga 10 mg for sale
cost xenical – https://asacostat.com/# orlistat canada
This website absolutely has all of the bumf and facts I needed adjacent to this case and didn’t know who to ask. https://experthax.com/forum/member.php?action=profile&uid=124830
You can shelter yourself and your dearest by way of being wary when buying prescription online. Some pharmacy websites function legally and provide convenience, reclusion, rate savings and safeguards as a replacement for purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/dapoxetine.html dapoxetine
I’ll certainly return to skim more. effets secondaires lasix
This website exceedingly has all of the bumf and facts I needed adjacent to this thesis and didn’t identify who to ask.
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
online casino with fast registration
casino bonus
online casino deposit bonus
betmgm MN betmgm-play casino betmgm
Dive into the atmosphere of real wins. In casino coins, daily promotions and free spins await you. Start your path to success!
The sweetest slot on the planet? Sweet Bonanza! Colorful sweet bonanza 25000x symbols, pay-anywhere wins, and free spins loaded with multipliers. Your candy fix just got rewarding.
Dominate the reels like a true buffalo boss. buffalo gold slot machine bonus packs scatter magic, wild stacks, and payout explosions for ultimate satisfaction. Play for glory!
chumba casino $100 free play: play free, win real — it’s that simple. Claim your Sweeps Coins bonus today and start spinning for cash prizes. Join the winners now!
Dive deep into DraftKings exclusive games Casino fun. New users: $5 wager scores 500 spins and up to $1,000 back in credits. Real excitement, real value!
Prestante preplacet! Generika za super ceny > opravdovalekarna.cz
https://opravdovalekarna.cz
Connect the millions delightful colossal on fanduel casino real money – the #1 real pelf casino app in America.
Reach your $1000 PLAY IT AGAIN honorarium and refashion every spin, hand and somersault into legitimate coin of the realm rewards.
Firm payouts, whopping jackpots, and day in effect – download FanDuel Casino again and start playing like a pro today!
Betano Casino https://betanogame.org/ delivers pure excitement. Sign up for 100% up to €500 plus 150 free spins. Play responsibly and win responsibly with the fastest payouts online. Your adventure begins now.
Play hard Win big Live legendary – https://proclohen.com , Where losing stops and becoming unstoppable begins .