These entities “have executed trades which had been fraudulent and meant to control the scrip value of LWRHL, and have due to this fact, violated …PFUTP (Prohibition of Fraudulent and Unfair Commerce Practices) Rules.” This comes after SEBI performed investigation within the matter of Le Waterina Resorts and Inns for the interval October 2010 to March 2012, inspecting the buying and selling exercise within the firm’s scrip.
