SEBI suspends CSFB on rigging charges
Mumbai: For the second time, SEBI has suspended stock broker Credit Suisse First Boston (CSFB) for one month after it found that the company had rigged the shares of South East Asia Marine Engineering (Seamecl).

In its investigation, the Securities and Exchange Board of India found that the scrip of Seamecl, earlier known as Peerless Shipping, jumped from Rs15 to Rs389 within eight months.

SEBI investigations revealed that CSFB entered into several trades and deals which influenced the price and volume of the scrip of Seamecl in violation of its Prohibition of Fraudulent and Unfair Trade Practices Regulations.
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SEBI slams Indusind's DP unit
Mumbai: The SEBI has suspended Indusind Bank and Integrated Entreprises as a depository participant for 15 days after it found that both the entities failed to maintain proper checks and balances while verifying records of its client DSQ Software which had defrauded investors to the tune of millions. Following investigations into the DSQ Software, SEBI says it found irregularities in the allotment of shares by the company, in the demat of the shares allotted and in the sale of the shares allotted by several brokers and entities associated with the promoters of the company. SEBI investigations further found irregularities in opening the demat account in the name of 'Dr. Suryanil Ghosh, Trustee Softech Corporation'. Of the 13 million unlisted shares DSQS floated in the secondary market, 4 million shares came through the beneficiary account opened with IBL. SEBI found that verifications were not been carried out by both the depositories while accepting the crucial documents without minimum scrutiny as mandated from DSQ.
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