Share

cover art for Growpital Scam: Will SEBI Refund Investor Money?

Moneylife News Bites

Growpital Scam: Will SEBI Refund Investor Money?

Ep. 145

Sucheta Dalal examines SEBI's interim order against Growpital, a firm that lured over 5,200 investors with promises of high, tax-free returns in agriculture. Despite SEBI's action to block Rs184 crore in funds, investors remain frustrated by delays in recovering their money. Sucheta explores the legal loopholes Growpital exploited, the role of SEBI in protecting investors, and the pressing need for a quicker refund process. Watch to learn why refunding investors is the only real protection they need.

More episodes

View all episodes

  • 144. Have the FIIs Lost their Way?

    08:54||Ep. 144
    Debashis Basu examines the surprising missteps of Foreign Institutional Investors (FIIs) in the Indian stock market. Despite a massive bull run, FIIs were net sellers, missing key opportunities that domestic investors seized upon. Why did FIIs underperform, and what does it mean for the future of their strategies? Watch this video to understand how FIIs lost their way and what may lie ahead as market dynamics shift.
  • 143. Co-location Scandal: SEBI’s Orders Lead to More Questions Than Answers

    18:28||Ep. 143
    Sucheta Dalal delves into SEBI's recent orders on the 2015 co-location scandal involving the National Stock Exchange (NSE). Despite claims of exoneration, the orders leave many unanswered questions, particularly concerning SEBI’s investigations and its failure to establish collusion or fraud. The video covers key aspects of the scam, the roles of NSE’s former officials, and the intriguing outcomes of various legal battles. Watch to understand how these developments impact India’s capital market and the future of NSE’s listing.
  • 142. Unlawful Demat Freezes – What Next?

    13:38||Ep. 142
    This audio delves into a major legal battle where the Bombay High Court imposed an Rs 80 lakh penalty on SEBI and major stock exchanges for arbitrarily freezing the demat accounts of Dr. Pradeep Mehta and his son. Though the Supreme Court has stayed the penalty, the case is far from over as it returns to the High Court for a fresh hearing. Sucheta Dalal discusses the broader implications of this case for investors and the regulatory overreach concerning demat and bank account freezes. Can regulators really freeze your assets without due process? Watch to find out.
  • 141. Do Fed Rate Cuts Fire Up Stock Prices?

    08:24||Ep. 141
    Debashis Basu challenges the conventional wisdom that stock prices automatically rise when the US Federal Reserve cuts interest rates. Drawing on historical data and real-world examples, Basu reveals that the correlation between Fed rate cuts and market performance is weaker than many believe. He explores how other factors, like economic growth and corporate profits, play a far more significant role in determining stock prices, emphasizing that the Fed often follows the economy rather than leading it.
  • 140. Transparency on Trial: SEBI Chairperson's Ongoing ICICI Earnings Raise Conflict-of-Interest Alarms

    18:48||Ep. 140
    Sucheta Dalal explores the serious allegations leveled against Madhabi Puri Buch, the Chairperson of SEBI, by the Congress party, which have sent shockwaves through India's financial sector. The video delves into the potential conflicts of interest, lack of disclosure norms, and the broader implications for transparency and integrity in regulatory bodies. With references to global standards and past controversies, this video raises important questions about SEBI's internal policies and the need for stricter conflict of interest rules for its top officials.
  • 139. Why Rs 2 Lakh Crore of Your Money is Trapped!

    15:14||Ep. 139
    Over Rs 2 lakh crore of unclaimed wealth, belonging to ordinary Indians, is trapped with the government and various financial institutions. This Podcast delves into the challenges of reclaiming these funds, the systemic hurdles faced by rightful claimants, and the urgent need for a comprehensive solution. Discover how your hard-earned money might be locked away and what can be done to reclaim it.
  • 138. Bank FD Sahi Hai

    10:53||Ep. 138
    With Finance Minister Nirmala Sitharaman urging public sector banks to boost deposit growth, a shift from debt mutual funds to bank fixed deposits (FDs) is becoming increasingly attractive. In this video, Debashis Basu explains why bank FDs are now more appealing than ever, thanks to recent tax changes and the inherent safety they offer. Discover how these factors could lead to a significant inflow of funds into bank deposits and what needs to be done to encourage this trend.
  • 137. SEBI's Credibility Crisis & the Applicability of the Pinochet’s Case

    12:38||Ep. 137
    Sucheta Dalal draws a powerful parallel between the landmark Pinochet case and the current crisis engulfing SEBI (Securities and Exchange Board of India). What does a Chilean dictator have to do with a financial regulator in India? More than you'd think. The principles of judicial propriety from the Pinochet case highlight the ethical lapses in SEBI's handling of the Adani investigation, particularly the serious allegations of conflict of interest against SEBI's chairperson, Madhabi Puri Buch. Watch as Sucheta Dalal delves into this critical issue, examining the implications for India’s financial markets and the importance of transparency and ethics in regulatory bodies.