Hyderabad-based Rupiah Investments booked for illegal trading: FMC

Commodity markets regulator FMC has said that the Hyderabad Police has registered a case against brokerage firm Rupiah Investments for allegedly indulging in illegal futures trading in commodities.

"Hyderabad Police has registered a case against Rupiah Investments on July 27, 2011... Under the Forward Contract (Regulation) Act (FCRA), 1952," the Forward Markets Commission (FMC) said on its website.   

The regulator said it received a complaint against the private firm and the same was forwarded to the Hyderabad Police under Rule 13 of the FCRA.   

Under Rule 13 of the FCRA, the FMC has to communicate information of any offence committed under the Act to the concerned authorities and assist them in scrutinising documentary evidence.