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TMI Blog2017 (9) TMI 2010X X X X Extracts X X X X X X X X Extracts X X X X ..... old the shares to entities connected/related, directly or indirectly, to Radford Group/Suspected Entities, thereby raking in huge profits. * It was also noted that the price movement of the scrip was not backed by fundamentals of the company and its financials. 3. It was prima facie found that the Radford Group & Suspected Entities and allottees used the securities market system to artificially increase volume and price of the scrip for making illegal gains to and to convert ill-gotten gains into genuine one. The acts and omissions of Radford Group & Suspected Entities and allottees were found to be in violation of SEBI Act, 1992 ("Act") and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 ("PFUTP Regulations"). 4. Accordingly, SEBI passed Ad interim ex-parte orders dated December 19, 2014 and November 9, 2015 ("interim orders") and restrained 108 and 15 entities respectively from accessing the securities market and buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, till further directions. 5. The name of the entities against whom the interim orders were passed are as fol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Amrit Sales Promotion Private Limited AACCA3220D 59 Amrusha Mercantile Private Limited AALCA0340D 60 Anjali Suppliers Private Limited AAJCA1784D 61 Apex Commotrade Private Limited AAJCA4459K 62 Avlokan Dealcom Private Limited AALCA1583G 63 Bazigar Trading Private Limited AABCB3052B 64 Blue Circle Services Limited AAACB2131L 65 Burlington Finance Limited AABCB2575P 66 Devakantha Trading Private Limited AADCD7044B 67 Devatma Distributors Private Limited AADCD7140G 68 Dhanleela Investments & Trading Company Limited AAACR1770P 69 Dhanraksha Vincom Private Limited AADCD6028P 70 Divyadrishti Traders Private Limited AABCD8146J 71 Divyadrishti Merchants Private Limited AABCD8147K 72 Esquire Enclave Private Limited AACCE7065J 73 Katyani Commodities Private Limited AAECK6244R 74 Kingfisher Properties Private Limited AAECK3394G 75 Ladios Trading Private Limited AACCL3868N 76 Limestone Properties Private Limited AACCL0133G 77 Manimudra Vincom Private Limited AADCM4316K 78 Natural Housing Private Limited AADCN6251G 79 Pine Animation Limited AAECM0267A 80 Pyramid Trading and Finance Ltd AAACP2548R 81 Radison Properties Privat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ri Bagri AADHB8488A 4. Mr. Rajesh Pravinkumar Jasani ACWPJ4705B Radford Sellers 5. Mr. Rajeev Garg ACJPG8162C 6. Mr. Anup Manilal Shah (Huf) AAKHA8826N 7. Mr. Bharat Kumar Jayantilal Shah AGSPS5666E 8. Ms. Dina Satishkumar Mehta AAYPM2723J 9. Mr. Harimohan Khandelwal ACLPK9984A 10. Ms. Hasumati G. Mandlia ANIPM9254B 11. Mr. Kanaiyalal Manilal Gandhi ABGPG6544G 12. Ms. Ramila Gandhi AELPG9023L 13. Mr. Mansukhbhai Jagabhai Tanti AALPT9962B 14. Ms. Pragna Patel AGWPP5778Q 15. Ms. Rekhaben Lakhaben Sagparia AFXPS1751C 16. Ms. Veena Mohandas Valbhani AHGPV3775J 7. The directions issued vide interim orders qua the remaining 106 entities were confirmed vide SEBI orders dated October 12, 2015, March 18, 2016 and August 26, 2016. 8. Pursuant to the interim orders, SEBI conducted a detailed investigation of the entire scheme employed in the instant matter, role and connection amongst the concerned entities, funds used for the price manipulation of the scrip of Radford, etc., so as to ascertain the violation of securities laws. 9. Upon completion of investigation by SEBI, investigation did not find any adverse evidence/adverse findin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ivate Limited 45. ACDPT3428N Dalsukh Ujamshi Trevadia 46. AACCL3868N Ladios Trading Private Limited 47. AAGPJ8756J Dilip B. Jiwrajka 48. AACCL0133G Limestone Properties Private Limited 49. AADPM9919M Dilip Chotala lMorzaria 50. AADCM4316K Manimudra Vincom Private Limited 51. AHEPG0025A G. M. Prasanna Kumar 52. AADCN6251G Natural Housing Private Limited 53. ADPPK9874N G.S. Anith Kumar 54. AAFCR2818B Radison Properties Private Limited 55. AAJPV4754H Harikishan Suderlal Vermani 56. AAGCR1715E Rangan Vincom Private Limited 57. AABPJ2835R Hitesh Mangilal Jain 58. AAECR9858C Ridhi Vincom Private Limited 59. AABPR9949J Hukamsingh B. Rajpurohit 60. AAICS6023N Scope Vyapar Private Limited (Presently known as Class Commercial Pvt. Ltd.) 61. ABWPT8000C Jyoti Anil Trevadia 62. AAPCS7850L Shivkhori Construction Private Limited 63. AHPPD4223L Jyotsna Jitendra Desai 64. AADCS5411K Symphony Merchants Pvt Ltd 65. AAAPL9611J Kalpita Luniya Suresh 66. AADCT8403C Topwell Properties Private Limited 67. AFFPP5207G Kamal Punwani Indur 68. AAACJ4848G Jayant Security & Finance Limited 69. AEYPM5850Q G. M. Lingaraju 70. AAACT6383N ..... X X X X Extracts X X X X X X X X Extracts X X X X
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