SEBI issues interim order against Dhenu Buildcon Infra and 8 others for alleged ₹1000 crore round-tripping scheme and fraudulent preferential allotment.
Examination reveals layered fund movements through 46 transactions across 28 routing patterns, with funds originating from and returning to DBIL.
Approximately ₹840 crore of purported loans converted into equity, giving six entities 99.70% ownership of DBIL through preferential allotment.
Key individuals Surendra Jain and Virendra Jain identified as central conspirators controlling the network of entities involved in the scheme.