Sebi imposes Rs 1 crore fine on Wasankar Wealth Management, 5 others

Dr.Ashok Lanjewar 796 days ago I had doubt over working and administration of SEBI. Really SEBI acted as per their objective to protect investors . when SEBI final order against accused came out in the matter vide their ref. No WTM /PS /8/IMD /DoF-I /May/2015 on May 18,2015 Mumbai. Order page 10/10, para ''C'' of 14 , states that, " would make a reference to the State Government / Local police to register a civil /Criminal case against the Wasankar Wealth management limited ->... for offences fraud, cheating, Criminal breach of trust and misappropriation of public fund .-> whats prohibited them not makes implementation of registration of crime against them in spite of request from investor to file police complaint. Further Para ''d''of 14 further pronounce would also make a reference to the ministry of corporate affairs ,to initiate the process of winding of the WWML. SEBI could not do it because i) them selves are involved in Rs.4000/-0000000 Parekh Aluminex Limited Mumbai fraud associated with no of different firms''and Directors.The WWML and of above each had 5-8 firms involved in fraud. SEBI excluded firms of Wasankar in inquiry, actually involved in fraudulent management of trading of Rs. 40000000000 in the Securities Market of 2500 D-mat accounts'' of investors by fraudulent fabricated Email IDs of of investors. with intimacy and conspiracy of brokers. If would have made reference,to MCF,SEBI it self would have face serious charges in inquiry. help will be extend in your prob.space problm.