Hes been caught once before
By an order dated sept 28 2005 mr annantnarayan had barred B Parikh, Shrikant J Parikh, J V Joshi, Amul J Patel, Vikram J Parikh, Malay Karbhari and Kamlesh Khandhor from trading in the shares of the company for 3 years
the parikks are promoters of the company
for full order see
http://www.sebi.gov.in/cmorder/MinalOrder.html
After the 3 year period he comes back again with exactly the same con job
the price was ramped from 16 to 120
the price rise started in may 2010 but gathered steam only in july august 2010
in june 2010 parikh pledged some shares to take a 5 crore loan
see http://www.bseindia.com/qresann/news.asp?newsid={B94D4D0A-EBB0-4BF5-8799-D057EDE67016}
what he used those 5 crores for is o[pen for speculation
from then on the stock has just zoomed up almost vertically
there were a series of 'exciting' bse announcements
http://www.bseindia.com/stockinfo/anncomp.aspx?scripcode=522235%20&type1=1
And he will get some more retail investors
And sebi will not do anything
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