India: SEBI passes Adjudication order against Navin Trikamdas Thakkar
Posted by nileshkokane on 19 August, 2010
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On August 03, 2010 the Securities and Exchange Board of India (SEBI), the capital market regulator passed an Adjudication order against Navin Trikamdas Thakkar. The findings of the investigation led to the allegation that Mr. Thakkar was allegedly connected to the director of EL and transferred 11,27,050 shares to T.H. Vakil and Securities Pvt. Ltd. These shares were offloaded in the market through a web of entities which allegedly created volume in the market.
The complete article can be found at the Securities and Exchange Board of India.
