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.
