New Delhi : Markets regulator Sebi on Thursday confirmed its interim order banning three entities in a case related to suspected tax evasion and money laundering through stock trading platforms.
The entities — Comfort Fincap, Comfort Securities and Comfort Intech — are alleged beneficiaries of preferential allotment scheme, which was created to provide bogus long term capital gains (LTCG) benefits to the allottees.
The Securities and Exchange Board of India (Sebi), through an interim order dated December 19, 2014 had restrained 151entities including Comfort Fincap, Comfort Securities and Comfort Intech from accessing the securities market till further directions in the matter of First Financial Services. In an order passed today, Sebi Whole-Time Member Rajeev Kumar Agarwal said these three entities have not been able to make out a prima facie case or show any balance of convenience in their favour for revocation of the interim order passed in December 2014.
