| @@@@ Shoking -----> Reliance Industries (RIL) Mukesh Ambani behind stock market Cccrrrrrraaaaassssshh CRASH After a well planned racket to trip the Reliance IPO using a combination of court cases filed on the behalf of Investor grievances for a "media attacks" and investment banks questioning valuations of the issue, Reliance Industries(led by Mukesh Ambani) through its many arms "used" the stock market to derail the prelisting and the post listing price of the Reliance Power issue. Using the cover of a global meltdown, starting January 14, Reliance market management operation. Run personally by top Reliance Industries Ltd. top Excutive Manoj Modi, two treasury hotshots were sent to coordinate the bear hammering on Reliance ADAG scrips in the run up to the listing. Both Sanjay Punkhia ADAG and Gagan Chaturvedi acting in concert with two other executives chief investment officer Ashish Kumar Chauhan and Balakrishnan, vice president in the treasury department have wrecked havoc on Some of them, actually operating out of beautiful Mauritius, ran the operation along with some favourably inclined hedge funds, even as Manoj Modi's daughetr was being wedded to Anand Jain's(JAICORP) http://www.jaicorpindia.com/ (a very close associate of Mukesh Ambani) nephew in Mumbai on January 24. They had to miss the wedding, since the synchronized market operation got top priority within the group, Reliance Industries. The core of the operation was to destabilize the Reliance Power listing on February 11. Brokers like Shankar Sharma and his associates and CNBC TV 18 Stocks Editor Udayan Mikherjee were pressed into service to execute the entire gameplan. With Udayan Mukherjee talking down the market in tandem with Shankar Sharma (who has Once earlier been guilty of doing exactly the same during the infamous Tehelka First Global scam) the bears ran riot to scupper not just the listing, but the entire market in totality. Since mid January, when the Sensex was hovering around 21,000, it has been beaten down to 17,000, seeing a massive erosion in shareholder wealth. But the most drastically hit are Reliance ADAG scrips - Reliance Communications, Reliance Energy, Reliance Capital, Reliance Natural Resources and Adlabs. While Reliance Communications has seen a 30 per cent hit, the other four have practically been poleaxed, halved as they are from their mid January tops. What is perhaps even more surprising is that when the world's biggest investment banks, domestic and even some stockmarket reporters in Economic Times were involved in hammering the markets and Reliance Power in particular. Even as listing was to get underway, a vicious campaign orchrestrated by Ashish Kumar Chauhan and Samir Saran, another Reliance Industries(Mukesh Ambani) executive was in play using the internet as a domain. Saran, ostensibly based in London for the last six months is the handler of media 'friendlies' and has been acting in connivance with Chauhan in this operation. |
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