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R&B Denims

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Markets, IPOs & Wealth 20 Oct 2026, 08:00 AM IST

ED Freezes Trading Accounts in Social Media-Linked Scam Probe

India’s Enforcement Directorate has frozen trading accounts as part of a money-laundering probe tied to a suspected market manipulation and fund diversion scheme involving R M Drip and Sprinklers Systems and R&B Denims. The agency says the case centres on preferential allotments of shares and convertible warrants, with a substantial share of the money allegedly routed through a small network of connected individuals, firms and lenders.

By RDU Global Wire5 min read

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