Anil Ambani group says identified guilty brokers

Reliance ADA Group on Friday said it is seeking a?Securities and Exchange Board of India (SEBI) probe and police action against the stock brokers identified by the group as using smses, voice calls and emails to create panic in the stock market against the company.
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In a statement, the?Reliance ADA Group said:?”Have identified stock brokers sending mass e-mails / SMS / voice calls with baseless sensational charges against ADA Group.”

It said these brokers are guilty of blatant violation of SEBI (FUTP) Regulations.

“Bringing matter to immediate attention of SEBI / cyber crime / police for seizure of electronic and dealing room records,” it said.?

It said the group is seeking full fledged SEBI investigation and punitive interim orders against guilty brokers.

Meanwhile, stocks of ADAG continued to plummet with ?Reliance Communications falling to an all time low of Rs?89.70 on Friday.

Earlier on Thursday ADAG?said it has complained to the market regulatory bodies and other agencies against a bear cartel that has caused a loss of Rs 3 lakh crore to the infrastructure market in past weeks and created panic among the investors. ?

The company said it became a victim of that illegal bear cartel.?

Reports on Wednesday said an official of the Institute of Chartered Accountants of India (ICAI) had questioned some of the accounting practices of Reliance Infra, but the company denied the report as a distorted version that caused panic.?
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ADAG Group CEO Gautam Doshi said ?a?series of completely false and baseless rumours against their Group have been circulated the day before by their corporate rivals and an illegal bear cartel.