How much money has it actually recovered when people who have manipulated markets in crores - may be afew lakhs!
How can people manipulate the market and get away with it? The feeling is that when big and rich parties are involved SEBI has a different yardstick to investigate and passes order of penalty of a meagr sum whereas the money made by the culprit is in huge amount - crores of rupees. This in in regularly traded index or group A or B shares.
Also, most of the T and Z group shares are traded in circular fashion to raise or lower the stock price.
Why can such trades not be declared illegal and trades brought to book with sever penalty.
-Parimal more