https://www.youtube.com/watch?v=-5xja6kfqhq
according to angrez ka aulaad, suhel seth—british made railways in india , so that we savage stinking coolies can travel i style--- not to car away india’s enormous wealth.
VADAKAYIL ON HOW EARLY BIRDS WHO MAKE HEFTY DONNASSANN TO MODI BLED BHARATMATA – POLL
rakesh jhunjhunwala, a partner at rare enterprises, who rose to amass a usd 6 billion fortune and earn the tag of india's biggest individual investor. rags to riches , a pauper who started off with 70 usd.. was he really king midas? or whas he a slimy fruaster, who avoided jail by donating to modi?
rakesh jhunjhunwala has a team of propagandists who cry from the rooftops “ share unlike names like harshad mehta and ketan parekh, whose rise in fortunes was tainted with scam links, the newest 'big bull' in the more-regulated market had lesser baggage on this front.”
rakesh jhunjhunwala was unabashed about wealth creation and strutted his connections flamboyantly, as he was sure that modi would keep him out of jail.. he had main stream media eating out of his palm, we know why and how !
in 2021, he and others settled an insider trading case related to aptech by agreeing to pay rs 37 crore under the consent route, where an individual can close a pending matter without admitting or denying the charges.
a rs 70-crore gain on an investment in zee enterprises in a short time, by investing in the stock days ahead of its board deciding on a merger with rival sony pictures networks in 2021, had also led to chatter around his conduct.
many of his views were closely aligned with that of the ruling nda as well, something which made his 2021 meeting with prime minister narendra modi less surprising.
his newest venture in the heavily-regulated airlines sector, akasa air, also had a smooth take off.
EVEN WIKIPEDIA STATES THAT RAKESH JHUNJHUNWALA WHO HIRES A FLEET OF THE MOST EXPENSIVE LAWYERS DID INSIDER TRADING.. PM MODI KNEW.. RBI GOVERNOR KNEW.. FINANCE MINISTER KNEW.. SEBI KNEW
at the inauguration of akasa air's flight operations at mumbai airport on august 7 2022 , jhunjunwala was sitting in a wheelchair and looked frail, . obviously he lacked rem sleep sprouting from a clear conscience
if a person constantly learns about events before others, this gives him a huge advantage. from the outside it is absolutely dishonest: he is always one step ahead of others and can make humongus money from it. balls rakesh jhunjhunwala was a man with the midas touch..he was a crook. how do you convert 5000 rupees to 48,000 crores ?
the use of insider information for transactions with financial instruments in all countries inluding india is prohibited
no nation tolerates insider abuse and market manipulation except india under modi’s rule.
Defnition of insider trading (according to merriam webster):
the illegal use of information available only to insiders in order to make a profit in financial trading
the securities and exchange board of india (sebi) has moved to settle an ‘insider trading’ case involving ace investor rakesh jhunjhunwala, wife rekha jhunjhunwala and eight others who were accused of unusual dealing in shares of aptech computers.
the parties will have to pay ₹37 crore to settle the case, which includes settlement charges, disgorgement of ill-gotten gains and interest.
jhunjhunwala and others had offered to settle the insider trading charges with sebi. it is one of sebi's largest settlements involving individual traders.
jhunjhunwala settled the case under sebi's consent route where an alleged wrongdoer can close investigations and adjudications into the matter with sebi without admitting or denying guilt and charges against them. CHOO CHWEET APAAAHHH.
jhunjhunwala has management control over aptech and is also on the board of the company. in september 2016, the share price of aptech hit a 10 per cent upper circuit as jhunjhunwala’s brother and sister picked up 2.5 lakh and 5 lakh shares respectively. both these trades combined were worth more than ₹100 crore then. there were trades executed by others as well. in just a few days, aptech announced its entry into the pre-school education segment.
shareholding of promoters led by the jhunjhunwala family has increased to around 48 per cent in aptech since the prominent investor first picked up a 10 per cent stake in the company in 2005. sebi found that there existed unpublished price sensitive information in aptech when the high-profile investors were dealing in the company shares.
apart from jhunjhunwala, others who were probed by sebi include ramesh damani, jhunjhunwala’s brother rajesh kumar, a chartered accountant, wife rekha, mother-in-law sushiladevi gupta, ushma sheth and madhu vadera jayakumar. ushma is the sister of utpal sheth, ceo, rare enterprises — jhunjhunwala’s flagship investment company.
trading in aptech by these investors between february and september 2016 was under sebi scanner
sebi had alleged that jhunjhunwala and others traded in aptech when in possession of unpublished price sensitive information (upsi).
upsi means any information, relating to a company or its securities, directly or indirectly, that is not generally available which upon becoming generally available, is likely to materially affect the price of the securities.
in september 2016, aptech had announced its foray into the preschool segment. as per the sebi order, this was an upsi between march 14, 2016 and september 7, 2016, the date of official announcement.
“price-sensitive information” means any information which relates, directly or indirectly, to a company and which if published is likely to materially affect the price of securities of the company.
“it is alleged that utpal seth and rakesh jhunjhunwala were in possession of the upsi and communicated the same to other applicants. on the basis of the upsi, rakesh jhunjhunwala, rekha jhunjhunwala, rajeshkumar jhunjhunwala, shushila devi gupta, sudha gupta and ushma seth sule are alleged to have traded in the scrip of aptech during the upsi period,” the sebi order said.
trading based on insider information is illegal because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make.
the definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. a person who becomes aware of non-public information and trades on that basis may be guilty of a crime.
dilip pendse served as the managing director of nishkalpa, a wholly-owned subsidiary of tata finance ltd. (tfl). as of march 31st, 2001 nishkalpa made a loss of 79.37 crores. this information was to be made public only a month later on april 30th. this information was price sensitive as it would lead to a fall in prices if leaked.
dilip pendse was in access to this information due to the role he played within the company. during this period dilip leaked this price-sensitive information to his wife. in between this period, 90,000 shares which were held by his wife and a company jointly run by his wife and her father in law in nishkalpa were sold in order to avoid losses.
dilip pendse, his wife, and the company jointly owned by his wife and her father-in-law were found guilty of insider trading. a penalty of rs 500,000 was imposed on each of them and dilip pendse was banned from capital markets for three years.
rakesh jhunjhunwala was probed by the sebi in january 2020 on account of alleged insider trading. these allegations were based on the trades made by him and his family in the it education firm aptech. aptech is the only firm in jhunjhunwala’s portfolio in which he owns managerial control.
sebi also questioned jhunjhunwalas wife, brother, and mother-in-law. this, however, is not the first time that rakesh jhunjhunwala has been embroiled in insider trading controversy.
in 2018 too he was questioned over suspicion of insider trading in the shares of the geometric. rakesh jhunjhunwala settled the case through a consent order mechanism.
in a consent order, sebi and the accused negotiate a settlement in order to avoid a long-drawn litigation process. here an alleged violation can be settled by the accused by paying sebi a fee without the admission or denial of guilt.
I PENNED A 33 PART POST ON SHELL COMPANIES AND MONEY LAUNDERING.. MODI KEPT QUIET ALLOWING HIS “DONATION PARTY” TO STEAL MORE AND SCOOT
http://ajitvadakayil.blogspot.com/2017/03/shell-companies-for-money-laundering_31.html
TO BE CONTINUED
CAPT AJIT VADAKAYIL
..