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Brokers used ₹5 note to verify members of ₹1.3-cr front-running scam
short by Ashley Paul / on Saturday, 27 April, 2024
Brokers who were found guilty of running a ₹1.3-crore front-running scam used a ₹5 note to verify members while splitting profits, according to one of the brokers' statement given to SEBI. The front-runner sent the note's pic to his partner before he sent profits via cash courier. The courier handed over the profits after the note's serial number was verified.
read more at Moneycontrol