Sucheta Dalal :A Strange Case of Mis-selling
Sucheta Dalal

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A Strange Case of Mis-selling  

April 15, 2013

 

SEBI’s Miraculous Discovery of ‘Organized Racket’


Sucheta Dalal


On 9th April, the Securities & Exchange Board of India (SEBI) issued a press release claiming to have busted an organised gang trying to cheat targeted individuals with the false promise of riches. In this case, SEBI apparently received a complaint that some ‘agents’ / ‘brokers’ had approached potential victims in Delhi telling them that their deceased son had invested in a mutual fund scheme that was due to mature shortly giving them Rs5 lakh. However, if they made a further investment of Rs2.5 lakh, they could hope to earn Rs12.5 lakh (presumably at a future date)...

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-- Sucheta Dalal



 



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