sebi:WTM/GM/CFD/87/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Interim restraint imposed on seven noticees from accessing/dealing in securities market; independent forensic audit of Ricoh ordered; noticees called upon to show cause why further directions should not be imposed.
Provisions invoked
- s. 12A
Regulations
- Reg. 11
- Reg. 3(b)
Parties
- Shri T. Takano
- Shri Manoj Kumar
- Shri A.T. Rajan
- Shri Arvind Singhal
- Shri Anil Saini
- Shri Bibek Chowdhury
- Shri Amalendu Mukherjee
Holding
SEBI prima facie found fraud and misstatement in Ricoh India Limited's books and restrained seven noticees from the securities market while ordering a detailed forensic audit from FY 2012-13 onwards and issuing show-cause notice for further action.
Full text
___________________________________________________________________________ Order in the matter of Ricoh India Limited Page 2 of 20
___________________________________________________________________________ Order in the matter of Ricoh India Limited Page 3 of 20
___________________________________________________________________________ Order in the matter of Ricoh India Limited Page 4 of 20
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Source: SecMarx — sebi:WTM/GM/CFD/87/2017-18. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.