The special court investigating the 1992 securities scam has cracked down on as many as 11 major stock brokers by attaching their movable and immovable properties. Seven of these brokers are based in Mumbai and the rest in Kolkata.
The Mumbai-based brokers whose properties have been attached include Jaideep Jagdish Pathak, GN Hedge, Kishore Narottamdas Amerchand, Fairgrowth Investments Ltd, Harish K Dalal, Pravin Kantilal Vakil and Dhyan Investments & Trading Co.
The Kolkata brokers appearing in the list are stock exchange heavyweights Shyam Sunder Dalmia, Ajay Kayan, Gaurishankar Kayan and Rahul & Co. Shyam Sunder Dalmia is reputedly one of the biggest badla financiers of the country.
In a notification dated November 20 and issued today, the custodian, which was appointed under the Special Court (trial of Offences relating to Transaction in Securities) Act, 1992, has stated
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app