Promoter fraud of a listed company

Querist : Anonymous (Querist) 28 July 2019 This query is : Resolved
Promoter of a listed company on NSE AND BSE has teamed up with a market operator and they have opened multiple accounts with brokers and bought shares in the brokers by paying part margin money . The promoters have sold the shares which were bought in the trading accounts so opened with the brokers.

The brokers are now stuck with shares which they cannot sell . it is organized criminal racket created by the promoter and operator . We want to take appropriate legal action against the promoter and this accomplice . please advice experts

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Dr J C Vashista (Expert) 29 July 2019
Collect all evidences to prove your statement before lodging a complaint.
It would be better to consult a local prudent lawyer for appreciation of facts, guidance and proceeding.
An anonymous author may not expect obligation of experts as per rule of this platform, disclose your identity, if there is some truth in your story.

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