sebi:WTM/MB/ISD/13305/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Confirmed directions of interim order dated January 13, 2021 pending investigation
Provisions invoked
- s. 19
- s. 12A
Regulations
- Reg. 3
- Reg. 2
Parties
- Mr. Hemant Ghai
- Ms. Jaya Hemant Ghai
- Ms. Shyam Mohini Ghai
Holding
Pending detailed investigation, the prima facie findings that Mr. Hemant Ghai, Ms. Jaya Hemant Ghai and Ms. Shyam Mohini Ghai indulged in a fraudulent BTST scheme exploiting advance information of buy recommendations on the Stock 20-20 Show stand confirmed. The directions of the interim order dated January 13, 2021 restraining dealing in securities, restraining investment advice by Mr. Hemant Ghai, and impounding Rs. 2,95,18,680 in escrow were confirmed.
Full text
__________________________________________________________________________________ Confirmatory Order in the matter of CNBC Awaaz “Stock 20-20” Show co-hosted by Mr. Hemant Ghai Page 2 of 20
__________________________________________________________________________________ Confirmatory Order in the matter of CNBC Awaaz “Stock 20-20” Show co-hosted by Mr. Hemant Ghai Page 3 of 20
__________________________________________________________________________________ Confirmatory Order in the matter of CNBC Awaaz “Stock 20-20” Show co-hosted by Mr. Hemant Ghai Page 4 of 20
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Source: SecMarx — sebi:WTM/MB/ISD/13305/2021-22. 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.