Prosecution against entities operating unregistered
collective investment schemes

Securities and Exchange Board of India has launched criminal prosecution against the following companies at Chennai for their violations of SEBI (Collective Investment Schemes) Regulations, 1999. The said companies raised several crores of rupees from the investors under various schemes and failed neither to register the said schemes with SEBI nor to wind up the schemes and refund the amounts to the investors, despite several directions of SEBI to do so. The directors of the said companies have also been prosecuted.

1. Mehna Plantation Pvt. Ltd.,

2. Moolchand Exports Ltd., and

3. Maxworth Orchards Ltd.

For full copy of order against A.L.KRISHNAKUMAR, click here.

For full copy of order against E.BHASKARAN, click here.

For full copy of order against JAFARULLAH KHAN, click here.

For full copy of order against MAXWORTH ORCHARDS (INDIA) LTD., click here.

For full copy of order against MOOLCHAND EXPORTS LTD., click here.

For full copy of order against PRADEEP KOTHARI, click here.

For full copy of order against R.GOPU, click here.

For full copy of order against SANTOSH KOTHARI, click here.

For SEBI's list, click here.