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Showing posts from September 3, 2021

Fraudulent trading: Sebi confirms directions against ex-CNBC anchor, family

  Markets regulator Sebi has confirmed earlier directions passed against former CNBC Awaaz anchor Hemant Ghai, his wife and mother, that barred them from the capital markets for indulging in fraudulent trading practices. In an order passed late on Thursday, Sebi said the findings in the order are "prima facie" and that a detailed investigation in the matter is in progress. In its interim order passed in January, Sebi had noted that Hemant Ghai had advance information about the recommendations to be made on the ''Stock 20-20'' show, co-hosted by him, and he directly or indirectly used it to his advantage. The show featured recommendations on certain stocks to be bought and sold during the day. His wife Jaya Hemant Ghai and mother Shyam Mohini Ghai had undertaken a large number of buy-today-sell-tomorrow (BTST) trades during January 2019-May 2020, in synchronization with the recommendations made in the show, Sebi observed. They generated the proceeds of Rs 2,95,