December 04, 2014
PR No. 149/2014

Ex-parte ad-interim order in the matter of M/s. Moryo Industries Ltd.

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an order dated December 04, 2014 in the matter of M/s. Moryo Industries Ltd.
 
SEBI had conducted a preliminary examination, upon noticing huge rise in the traded volumes and price of the shares of the company during the period from January 15, 2013 to August 31, 2014. A few individuals/ entities (referred to as 'Moryo Group') have misused the stock exchange system to generate fictitious long term capital gains (LTCG) so as to convert their unaccounted income into accounted one with no payment of taxes as LTCG is tax exempt. The funds were brought in the company through preferential allotment and was invested in the shares of connected companies by way of purported loans to a group of companies connected with Moryo and for purposes other than those disclosed. The preferential allotment route resulted in tax free ill gotten gains to the tune of Rs.141 crore based upon the facts available on record. The whole modus operandi of raising money through preferential allotment, splitting the shares to increase liquidity and then providing exit to preferential allottees (at a prices much higher than that supported by company fundamentals) was a well devised scheme to convert illegitimate money into legitimate money by misusing the stock exchange mechanism.
 
In view of the pending inquiry/investigation and passing of final order in the matter, ninety one (91) suspected entities have been barred from buying, selling or dealing in the securities markets, either directly or indirectly, in any manner, till further directions.

 
Mumbai
 
December 04, 2014

For full copy of order against AMARDEEP KADAM, click here.

For full copy of order against AMIT JALAN, click here.

For full copy of order against AMUL GAGABHAI DESAI, click here.

For full copy of order against ANAND KAMALNAYAN PANDIT, click here.

For full copy of order against ANAND KUMAR AGARWAL, click here.

For full copy of order against ANILKUMAR AGGRAWAL, click here.

For full copy of order against ANISHA NIRAV SHAH, click here.

For full copy of order against BHIKHABHAI H.PRAJAPATI (HUF), click here.

For full copy of order against CHETNA NARESH CHANDAN, click here.

For full copy of order against CHITAN NARENDRA SHAH, click here.

For full copy of order against DEEPAK SARAF (HUF), click here.

For full copy of order against DEEPAK SURYAKANT CHAVAN, click here.

For full copy of order against DEEPIKA MOHAN JAIN, click here.

For full copy of order against DEEPTI LALWANI, click here.

For full copy of order against DEVAL DEVANG SHAH, click here.

For full copy of order against DEVANG BHUPENDRA SHAH, click here.

For full copy of order against DEVENDRA JALAN, click here.

For full copy of order against DHARTI DEVELOPERS & CONSTRUCTIONS PVT.LTD., click here.

For full copy of order against DIPANI CHINTAN SHAH, click here.

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

For full copy of order against GANESH EKNATH CHANDANSHIVE, click here.

For full copy of order against GARTH MERCANTILE PVT.LTD., click here.

For full copy of order against GEETA MANOHARLAL SARAF, click here.

For full copy of order against GEETABEN S.JOSHI, click here.

For full copy of order against GIRIRAJ KISHORE AGARWAL, click here.

For full copy of order against GIRISH RAJKUMAR GOEL, click here.

For full copy of order against GOODPOINT IMPEX PVT.LTD., click here.

For full copy of order against GULMOHAR DEALCOM PVT.LTD., click here.

For full copy of order against HELPFUL INVESTMENT ADVISORY PVT.LTD., click here.

For full copy of order against ISAIRIS TRADING PVT.LTD., click here.

For full copy of order against JAGDISH B.PRAJAPATI (HUF), click here.

For full copy of order against JAIDEV GUPTA (HUF), click here.

For full copy of order against JAYESH POATLAL SHAN, click here.

For full copy of order against JITENDRA DHIRAJLAL VORA, click here.

For full copy of order against JUGAL KISHRE CHIRANIA (HUF), click here.

For full copy of order against KALPANA JAYESH SHAH, click here.

For full copy of order against KAMAL JAJOO, click here.

For full copy of order against KAMALAKSHI FINANCE CORP.LTD., click here.

For full copy of order against KAVITA SHREEEAM SINGHI, click here.

For full copy of order against KRUPA SANJAY SONI, click here.

For full copy of order against KRUPALI MADHUKAR DHOTRE, click here.

For full copy of order against LIMESTONE PROPERTIES PVT.LTD., click here.

For full copy of order against MAHA DEVI AGARWAL, click here.

For full copy of order against MAHASVIN TRADING PVT.LTD., click here.

For full copy of order against MANGESH MADHUKAR DHOTRE, click here.

For full copy of order against MANISH JAGDISH SARAF, click here.

For full copy of order against MANISH S.SHAH (HUF), click here.

For full copy of order against MANOHARLAL SARAF, click here.

For full copy of order against MANTHAN MAHISH VORA, click here.

For full copy of order against MOHAN JAIN, click here.

For full copy of order against MORYO INDUSTRIES LTD., click here.

For full copy of order against NARESH B.KHATAR, click here.

For full copy of order against NARESH S.CHANDAN, click here.

For full copy of order against NEELI AGGRAWAL, click here.

For full copy of order against NIDHI DHANUKA, click here.

For full copy of order against NIKUNJ ARVIND DESAI, click here.

For full copy of order against NIRAV ANIL SHAH, click here.

For full copy of order against OLYMPIA MULTITRADING PVT.LTD., click here.

For full copy of order against PRATAP UTTAM PUROHIT, click here.

For full copy of order against PRITI A.MEHTA, click here.

For full copy of order against RAJEEV KUMAR AGARWAL, click here.

For full copy of order against ROMY REALTY PVT.LTD., click here.

For full copy of order against RUPAK DEVELOPERS PVT.LTD., click here.

For full copy of order against SACHIN GOKULDAS MEHTA, click here.

For full copy of order against SADAKIRTI DEALER PVT.LTD., click here.

For full copy of order against SAGAR GIRISH BHATT, click here.

For full copy of order against SAMPADA CHEMICALS LTD., click here.

For full copy of order against SAMSKARA SALES AGENCY PVT.LTD., click here.

For full copy of order against SANJAY ANCHALIYA, click here.

For full copy of order against SANJAY JETHALAL SONI (HUF), click here.

For full copy of order against SANJEEV CHIRANIA (HUF), click here.

For full copy of order against SANJEEV KUMAR AGARWAL, click here.

For full copy of order against SAPNA RAMDAS JATWAL, click here.

For full copy of order against SAURABH SURENDRA JADHAV, click here.

For full copy of order against SAVITA SONAVANE, click here.

For full copy of order against SHALLOT DEALTRADE PVT.LTD., click here.

For full copy of order against SHASHIKUMAR JATWAL, click here.

For full copy of order against SHIVKUMAR KAUSHIK, click here.

For full copy of order against SHIVSATHI MERCANTILE PVT.LTD., click here.

For full copy of order against SHIVSHANKER C.JOSHI, click here.

For full copy of order against SUCHEK SURESH ANCHALIYA, click here.

For full copy of order against SUDHEER CHIRANIA (HUF), click here.

For full copy of order against SUMIT GUPTA, click here.

For full copy of order against SUMIT JALAN, click here.

For full copy of order against SURFACE FINANCE PVT.LTD., click here.

For full copy of order against SURYAKANT CHANPUR, click here.

For full copy of order against TANU GIRIRAJ KISHORE AGARWAL, click here.

For full copy of order against TISHA TUSHAR RANE (AKA.SHEETAL KADAM), click here.

For full copy of order against TOPWELL PROPERTIES PVT.LTD., click here.

For full copy of order against TUSHAR RAMCHANDRA RANE, click here.

For full copy of order against VARUN YOGESH VORA, click here.

For full copy of order against VASUDEV BHIKAJI PANCHAL, click here.

For full copy of order against VEENU JAIN (HUF), click here.

For full copy of order against VICTORY SALES PVT.LTD., click here.

For full copy of order against VIJAY HASMUKRAI BHAYANI, click here.

For full copy of order against VINOD KUMAR GUPTA (HUF), click here.

For full copy of order against VIVEK KUMAR KEJRIWAL, click here.

For full copy of order against VIVEK KUMAR KEJRIWAL (HUF), click here.

For full copy of order against WAKIL RAJBHAR, click here.

For full copy of order against YASH JALAN, click here.