‘Fraud Executed At Industrial Scale’: SEBI Bars 221 Entities In ₹144-Crore Pump-And-Dump Scam
Last Updated:July 01, 2026, 5:28 PM IST According to SEBI, the network artificially inflated share prices and trading volumes in selected stocks through synchronised trades. SEBI said Hanif Shekh and over 200 entities manipulated five stocks, lured retail investors through bulk SMSes and pocketed ₹143.79 crore through an elaborate pump-and-dump scheme. (IMAGE: PTI) Markets regulator…