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Teji-Mandi in Another Avataar Confuses Investors Cheated in Anugrah Debacle

Teji-Mandi in Another Avataar Confuses Investors Cheated in Anugrah Debacle Moneylife Digital Team 30 April 2021   Moneylife received several messages asking if TejiMandi has been allowed to revive. Several people checked with Moneylife to ask if the scamming TejiMandi Analytics has now reincarnated in a new form to scam more gullible people. The regulators and exchange were just as surprised.    But, as the app says, TejiMandi which is now active on twitter is part of the Motilal Oswal group and not the one that decimated the savings of thousands last year. The choice of this brand name at a time when a bitter battle is being fought in the Bombay High Court has flummoxed one and all.

These Made in India organic food brands are on a mission against additives and preservatives

These Made in India organic food brands are on a mission against additives and preservatives COVID-19 led a lot of people to realise the importance of choosing healthier options. According to a report by IMARC, the Indian organic market is projected to witness “strong growth during next five years”. 0 claps Share on The coronavirus pandemic helped a lot of people to realise the importance of choosing healthier options. Organic foods often seen as a healthier option for the body and a kinder one for the environment have seen exponential growth over the past few years.  According to a report by IMARC,

Sebi fines Anugrah Stock Broking Rs 90 lakh for misusing client funds

Sebi fines Anugrah Stock Broking Rs 90 lakh for misusing client funds
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SEBI fines Anugrah Stock Broking ₹90 lakh - The Hindu BusinessLine

SEBI fines Anugrah Stock Broking ₹90 lakh Accused of misusing client funds Market regulator SEBI has imposed a fine of ₹90 lakh on Mumbai-based Anugrah Stock Broking for misusing client funds and making incorrect reporting to stock exchanges. More than 70 investors have approached the Bombay High Court alleging that Anugrah had indulged in “illicit and unauthorised transactions”, causing them heavy financial losses. The regulator has failed to assess the illegal profits made by Anugrah or loss caused to investors. The Securities and Exchange Board of India (SEBI) has said in its order that no quantifiable figures are available to assess the disproportionate gain or unfair advantage made by Anugrah as a result of the defaults. It has concluded that from the material available on record, it may not be possible to ascertain the exact monetary loss to the investors/clients on account of default by Anugrah.

Paresh Kariya of Anugrah Stock and Broking Arrested by EOW

Paresh Kariya of Anugrah Stock and Broking Arrested by EOW Moneylife Digital Team  0 Paresh Kariya, the founder and director of Anugrah Stock and Broking Pvt Ltd (ASBPL), was arrested last night. The brokerage firm is accused of having cheated investors across the country of hundreds of crores of rupees and multiple FIRs have been filed against the owner and the broking firm. Moneylife was the first to report this in August 2020 as the story of a scam brewing up at Anugrah. Confirming the arrest, a senior official told Moneylife that Mr Kariya would be in custody till 22 January 2021.   Anugrah faces litigation by over 500 investors who have moved the Bombay High Court through multiple cases. Several of these have made SEBI (the Securities and Exchange Board of India), NSE (the National Stock Exchange), NSE Clearing Corporation and Edelweiss Custodial Services party to the litigation. Investors had pleaded for a multi-agency probe into what happened with Anugrah.

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