Anand Rathi Reports Update on Ongoing Fraud Investigation Involving Off-Market Transfer of Shares
Anand Rathi Share And Stock Brokers Ltd has provided an update regarding the ongoing investigation into fraud involving fraudulent off-market transfers. The company reported that one additional client was defrauded by accused persons, utilizing a modus operandi similar to the case initially filed with authorities. This incident pertains specifically to depository activities and not broking activities of the company.The company confirmed that the additional incident has been reported to EOW, Pune, who is currently conducting the investigation concerning the fraudulent FIR registration. While the client involved in this new incident is not yet aware of the off-market transfer of shares, Anand Rathi stated it will take necessary action and proactively inform the affected client.
The company emphasized that investigations are ongoing regarding the fraud, which involves an Off-Market Transfer of Shares listed as a 'Gift'. Necessary corrective actions have been identified by the firm and are currently being implemented at various stages.
Fraud Event Details
Key details concerning the fraudulent event, including the estimated financial impact and investigative status, are summarized below:| Detail | Information |
|---|---|
| Nature of Fraud/ Default | Off-Market Transfer of Shares mentioned as 'Gift' |
| Estimated Amount Involved | Approx. Rs. 9.35 crores as on date |
| Time of Occurrence / Knowledge | Tuesday, June 09, 2026 at 11:10 am |
| Authorities Notified | Initial complaint filed with Pune Police station and N.M. Joshi Police Station; FIR registered by Deccan Police Station, Pune. |
| Corrective Measures | Investigations are underway, and necessary corrective actions have been identified and are being implemented. |
The company reaffirmed its commitment to provide further updates regarding the matter as new developments arise in connection with the investigation.
ARSSBL Stock Price Movement
Anand Rathi Share and Stock Brokers Limited saw its shares gain today, settling at ₹524.85 after rising 3.70%. The stock traded an active session with 151,638 shares transacted, successfully holding above the day's low of ₹511.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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