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@BeatTheStreet10

SEBI bars IIFL Securities from onboarding clients for 2 years due to the misappropriation of funds

A thread #sebi #investing #iifl #IIFLSecurities #redflag #corporategovernance

During inspections, it came to light that out of the 45 client bank accounts examined, a staggering 26 were not titled as "client accounts." This despite a prior warning from BSE.

Violated provisions of the SEBI 1993 Circular

The inspection team discovered a troubling trend. Funds were regularly transferred from client bank accounts and clients' dividend accounts to IIFL's Pool/Control Accounts. These accounts, managed and controlled by IIFL, functioned as the company's own bank account.

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HURUN INDIA

@HurunReportInd

Parmanand Deepchand Hinduja established a family business which spread swiftly all around the world. His sons, having established a global footprint across 38 countries and employing around 200,000 people, carry forward the legacy.

The Hinduja Group, ranked number four on the IIFL Wealth Hurun India Rich List 2021, is run by SP Hinduja and his brothers.

Srichand P Hinduja Chairman - Hinduja Group, Hinduja Bank of Switzerland and Hinduja Foundations.

Popularly known as 'SP', Srichand P. Hinduja is the eldest son of P. D. Hinduja, the Founder of Hinduja Group. SP is the head of the Hinduja Family and Chairman of Hinduja Group and charitable Foundations. He joined the family business in 1952.

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Trinkerr

@Trinkerr_IN

🤩We had a phenomenal conversation with our experts as they decoded our recent multi-bagger #stocks portfolio!

✨Run through this thread to check out their analysis.

✨Invest in the multi-bagger portfolio now: trin.kr/multibaggersto…

✨Check out the rationale behind the stocks in the multi-bagger portfolio.

#TATAPOWER was suggested by
@Curious_Indian_

Here's why!

➡️It gave more than 200% returns since last year.
➡️They generate, transmit & distribute power: A strong business model.

Know more on why #TATAPOWER would perform well.

🔹The government plans to promote renewable energy.
🔹#TATAPOWER aims to double its renewable energy generating capacity by 2025.
🔹Power demand will increase with the rise of EV.

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