SEBI’s 394‑page order slams a Rs 144 cr pump‑and‑dump scheme, fines 226 entities
SEBI’s 394‑page order details a Rs 143.79‑crore pump‑and‑dump scheme that inflated five small‑cap stocks by creating fake trading volumes and luring retail investors with bulk SMS. The regulator pieced together airline bookings, hotel stays, food‑order and WhatsApp data to pinpoint 226 entities, levying Rs 47.8 crore in penalties and barring most for four to seven years.