The Securities and Exchange Board of India (SEBI) has issued a warning in this regard after the founding him guilty of manipulating stock prices.
The SEBI has also banned Murli Industries Ltd., Ackruti City Ltd, Welspun Corp Ltd, India Ltd Brushman negotiation.
The direction was issued under section 11 of the SEBI Act following investigative report by Income Tax department.
The IT department had launched an investigation against Sanjay Dangi and other factors in 2009. In its 57-page report, SEBI said the probe revealed that Sanjay Dangi department along with other factors to manipulate the stock price of Murli Industries.
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