31st July, India's Enforcement Directorate raided M/s Iceworth Reality LLP-related locations, seizing ₹38.57 crore worth assets over alleged stock price manipulation.
India's Enforcement Directorate (ED) raided locations related to M/s Iceworth Reality LLP and associated entities in Mumbai, Surat, and Delhi on 31st July. The raids, based on a complaint under the SEBI Act 1992, resulted in the seizure of movable properties worth ₹38.57 crore, including diamonds, bank funds, demat account holdings, and cash. The ED alleges that the company and other accused entities manipulated Sunrise Asian Limited's stock prices, causing losses to genuine investors and generating unlawful profits.
August 02, 2024
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