https://www.taxtmi.com/news?id=72690 Failure to comply with regulatory summons and furnish transaction records during a market-manipulation investigation was treated as a separate compliance offence, even though the underlying inquiry concerned alleged price manipulation in shares of BPL, Videocon and related securities. The proceedings arose from SEBI's 1998 investigation into abnormal price movements and trading volumes, in which brokers were found to have dealt primarily for a common set of client entities connected with the Damayanti Group. The explanation that the entities were controlled by Harshad Mehta and operated without the directors' knowledge was not accepted as a defence to non-compliance. en-us Thu, 07 May 2026 22:16:04 +0530 Thu, 07 May 2026 22:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72690 Failure to comply with regulatory summons and furnish transaction records during a market-manipulation investigation was treated as a separate compliance offence, even though the underlying inquiry concerned alleged price manipulation in shares of BPL, Videocon and related securities. The proceedings arose from SEBI's 1998 investigation into abnormal price movements and trading volumes, in which brokers were found to have dealt primarily for a common set of client entities connected with the Damayanti Group. The explanation that the entities were controlled by Harshad Mehta and operated without the directors' knowledge was not accepted as a defence to non-compliance. News - Thu, 07 May 2026 22:16:04 +0530 https://www.taxtmi.com/news?id=72690