https://www.taxtmi.com/caselaws?id=461257 SEBI confirmed an interim order restraining parties from accessing securities markets for fraudulent trading activities. The parties were preferential allottees who artificially inflated share volumes and misused the securities system to generate fictitious long-term capital gains. SEBI rejected arguments that natural justice principles were violated, finding the parties were ultimate beneficiaries of the manipulative scheme and failed to provide plausible explanations for the charges. The Board determined the parties could not claim ignorance of the arrangement given their direct benefit from the fraudulent activities. en-us Thu, 02 Jun 2016 00:00:00 +0530 Mon, 24 Mar 2025 21:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461257 SEBI confirmed an interim order restraining parties from accessing securities markets for fraudulent trading activities. The parties were preferential allottees who artificially inflated share volumes and misused the securities system to generate fictitious long-term capital gains. SEBI rejected arguments that natural justice principles were violated, finding the parties were ultimate beneficiaries of the manipulative scheme and failed to provide plausible explanations for the charges. The Board determined the parties could not claim ignorance of the arrangement given their direct benefit from the fraudulent activities. Case-Laws SEBI Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461257