Stock Guru scam: Police likely to approach SEBI
Quotes

Stock Guru scam: Police likely to approach SEBI

Last Updated: Thursday, November 15, 2012, 08:39
 
 Comment 1
 
Stock Guru scam: Police likely to approach SEBI
New Delhi: Delhi Police are likely to approach SEBI in connection with investigations into a multi-crore stock scam in which a couple was arrested.

Nagpur-resident Ulhas Prabhakar Khaire and his wife Raksha J Urs were arrested from Maharashtra's Ratnagiri town on Saturday by sleuths of Delhi Police Economic Offences Wing for duping over two lakh people from Delhi, Uttarakhand, Himachal Pradesh, Sikkim, Rajasthan, Madhya Pradesh and Maharashtra.

They promised investors high returns on their investment through their firm dealing in stock market.

Sources said City Police's Economic Offences Wing is also likely seek the help of Enforcement Directorate for further probe.

Investigators said there could be more arrests in the case while efforts were on to ascertain whether the couple had stashed money abroad.

It also came out during investigations that the couple owned eight flats in Dwarka, one each flat in Bhiwadi (Haryana), Alwar (Rajasthan) and Muradabad in Uttar Pradesh as well as a mansion in Goa.

PTI




First Published: Thursday, November 15, 2012, 08:36


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved