Adjudication order in respect of 9 entities in the matter of Maa Jagdambe Tradelinks Limited

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Last updated: 12 November 2020
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The Securities and Exchange Board of India (SEBI) has issued an adjudication order against nine entities concerning fraudulent manipulation in the scrip of Maa Jagdambe Tradelinks Limited. The investigation focused on the generation of bogus Long Term Capital Gains during the period of May 1, 2013, to July 31, 2015. The entities are alleged to have violated SEBI's Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations.

Court :
SEBI

Brief :
The Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) initiated investigation in the scrip of Maa Jagdambe Tradelinks Ltd. (hereinafter referred to as “company/ MJTL”) regarding allegations of generation of bogus Long Term Capital Gains (LTCG) in the scrip of MJTL during the period May 1, 2013 to July 31, 2015 (hereinafter referred to as “investigation period”).

Citation :
[ADJUDICATION ORDER NO. Order/AA/JR/2020-21/9542-9550]

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