Stockal investors allege ₹100 crore trading fraud
In short
Nearly 30 investors say their US stock portfolios were sold without permission. The report says the money was then used to buy illiquid shares, and losses may be more than ₹100 crore.
This matters because investors say they lost control of their holdings and may face big losses. The report does not say who approved the trades or whether the claims have been verified.
What the reporting says
Nearly 30 investors allege their US stock portfolios were liquidated without authorisation, and the proceeds were used to buy illiquid shares. CNBC TV18 Market's summary says the potential losses could exceed ₹100 crore, based on a Moneycontrol report. The reporting does not establish who authorised the trades or whether the allegations have been proven.
Why it matters
Nearly 30 investors allege that their US stock portfolios were liquidated without authorisation and that the proceeds were used to buy illiquid shares. The reported losses could exceed ₹100 crore, according to the syndicated summary. The immediate consequence is a dispute over possible trading fraud, but the reporting does not confirm responsibility, recovery prospects or any regulatory action.