The Securities and Exchange Board of India (Sebi) is probing a Mumbai-based stockbroking agency for allegedly violating its April 23 order in the Pyramid Saimira case, where it had barred 230-odd people from trading in securities in any manner.
The agency in question is Anugrah Stock & Broking, charged with having done stock transactions on behalf of Banty Dinesh Shah, one of the 230 people.
Suresh B Menon, chief general manager, Sebi, will probe the alleged collusion. Meanwhile, Anugrah has been prohibited from any dealing in securities in any manner, “till further orders”. Menon will report in two months.
