Kathmandu. Share entrepreneur Dipendra Agrawal has been found to have been spreading false information to the investors with the intention of inciting them to buy and sell shares.

According to a preliminary study conducted by the board, Agarwal has used social media to deceive investors.

After Agrawal’s fraud business, Sebon studied the case and sent it to the Central Investigation Bureau (CIB) of Nepal Police for further action. The CIB arrested him last Friday and is investigating the matter.

According to the preliminary study of the board, Agrawal may have been involved in disseminating false or misleading information and making forecasts with the intention of inciting him to buy shares of Joshi Hydropower Development Company. Therefore, it has been suggested to investigate the offence related to the act contrary to the provision of clause (c) of Section 97 of the Securities Act, 2063.

Dipendra Agrawal’s illegal share trading by taking the law into their hands, who helped to mislead the investors by spreading confusion?

Similarly, Dipendra Agrawal had filed a complaint at the Board seeking action against Dipendra Agrawal for not paying the dues due to share trading.

According to Section 96 of the Securities Act, 2063, the commission has suggested an investigation into the offence affecting the stock market as well as the violation of the provisions requiring the identification of customers as per clauses (d) and (e) of sub-section (4) of Section 7A of the Money Laundering Prevention Act, 2064.