Board orders interim impoundment, market ban and asset restraints for manipulative expiry trading violating Sec 12A(a)-(c) and PFUTP regs

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....The Board finds that the Respondent engaged in prima facie manipulative and fraudulent trading on index expiry days, contravening section 12A(a),(b),(c) of the SEBI Act and regs 3(a)-(d), 4(1), 4(2)(a) and (e) of the PFUTP Regs, 2003. By disproportionately influencing constituent cash and futures markets to benefit concurrent index option positions, the Respondent effected intra-day index manipulation and "extended marking the close." The Board, exercising interim ex-parte powers, directed joint-and-several impoundment of unlawful gains of INR 4,843,57,70,168 in escrow, prohibited market access and dealing in securities, restrained debits/asset transfers subject to SEBI permission, required inventory disclosure within 15 days, permitted lim.........