The Daily Brief What SEBI found in the Sanjiv Bhasin case
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Jun 23, 2025 Delve into the intriguing investigation by SEBI into a prominent stock market figure accused of manipulating stocks for personal profit. Explore how deceptive media appearances misled retail investors, raising serious concerns about financial advice. Shift gears to India's logistics revolution, focusing on modern advancements in freight systems and the competitive dynamics in rail logistics. Discover the economic challenges and benefits in this growing trade environment, along with insights on significant business developments impacting the economy.
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Media-Driven Market Manipulation
- Sanjeev Basan used his media presence to front-run stock recommendations and profit at the public's expense.
- His facade of legitimacy came from IIFL association, despite not being a registered analyst.
Coordinated Trading Network Exposed
- Basan's network executed coordinated trades through shell companies and brokers to manipulate stock prices.
- They bought shares minutes before recommendations, triggering retail buying and then dumping shares for profits.
Short-Term Trades Disguised as Long-Term
- SEBI identified at least 30 such manipulative stock calls with short-term profit goals.
- The network exited positions quickly, often within hours, despite presenting them as long-term ideas.