Why Sammaan Capital shares are falling sharply over 4% today: Explained
Sammaan Capital shares came under sharp selling pressure on Thursday, falling over 4% after a series of allegations were reported by Zee Business. The decline followed news that a First Information Report (FIR) has reportedly been registered against the company, triggering heightened investor concern and volatility in the stock.
According to a Zee Business report, the FIR pertains to allegations of deliberate fraud involving Sammaan Capital and its promoter Sameer Gehlot.
Zee Business also reported that the Enforcement Directorate (ED), during the course of its investigation, has allegedly found evidence pointing towards misappropriation of funds.
SAMMAAN CAPITAL: FIR LAUNCHED AGAINST CO – ZEE BUSINESS
SAMMAAN CAPITAL: SAMEER GEHLOT AND HIS CO COMMITTED DELIBERATE FRAUD – ZEE BUSINESS
SAMMAAN CAPITAL: ED INVESTIGATION REVEALS EVIDENCE OF MISAPPROPRIATION OF FUNDS – ZEE BUSINESS
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