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Monday, Nov 02, 2009
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Market manipulation

This is with reference to the news item “Shankar Sharma’s plea against ban dismissed” (Business Line, October 29).

In February 2001, the stock market crashed and even at that time, it was widely believed that Shankar Sharma and his company were behind the crash. They successfully manipulated the market, dealing a deadly blow to many investors.

SAT needs to be congratulated for its findings, and especially for asking the pertinent question: “How can a person buy from himself and sell to himself?.. It disturbs the market equilibrium.”

K. Balaji Chennai

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