ITV

Tag: camera

  • Dabba Trading: A multi-crore Stock Exchanges fraud captured on Channel7’s camera

    A daily illegal transaction of Rs 40,000 crores in Gujarat alone!!
    Specialised software that can penetrate BSE Index!!
    Proven underworld links – for the first time – in Indian stock markets!!

    For the first time on Indian television, the Channel 7 investigation team records on camera the sensational story of dabba trading that has had both the Securities and Exchange Board of India (Sebi) and the Bombay Stock Exchange (BSE) on the tenterhooks with its illegal dealings touching a whopping Rs 40,000 in the state of Gujarat alone.

     

    In a daring weeklong operation, braving all odds, Channel 7’s special investigating team spent time with the brokers and shot their entire operations all over Gujarat. The total amount of daily transaction in dabba trading is half of the country’s Rs. 83,000 crore defence budget. All in a single day of transaction. All in a single state. The team records the live drama for the Indian viewer – for whom the stock markets are an ideal investment destination – and highlights the actual scale operations of dabba trading.

     

    The special investigation team of Channel 7 brings to the forefront the skillful use of technology, which has the capability of causing grave price distortions and volatility in the capital market. Operating from non-descript addresses, the brokers – their office packed with sophisticated equipment and gadgetry – act as hubs for nationwide operations of dabba. Available at a high price of Rs 200,000, these sophisticated software helps them penetrate the bourse and manipulate stocks.

     

    The show also illustrates the gullibility of investors who become party to dabba trading and make some initial money from what they perceive as a casino-like bank of the dabba-operator. But soon they become victims of circumstances and lose precious investments. The team has captured their views for the first time on Indian television.

     

    The in-depth investigation of the team also reveals how the dabba traders have developed their links with the underworld and how the D-company and its associates are penetrating – unlike movies and real estates – a relatively new area. It recorded on camera top officials of the stock markets and investigating agencies confirming the existence of a trade they cannot comprehend or control.

     

    “We know it exists and is very, very dangerous but then, we cannot do anything unless SEBI asks us. SEBI needs to act… and act fast,” laments V V Rao, executive director of Ahmedabad Stock Exchange. Agrees Arun Kejriwal, one of India’s topmost brokers: “This is an evil operation and unless we check it, it will one day cause serious tensions for the stock market.”

     

    It’s a scam that can put even a million Harshad Mehtas and Ketan Parekhs to shame. Its just the tip of the iceberg though. After all, if this is the case with Gujarat, what is the true picture of the nation?

    For further information, please contact:

    For further information please contact:
    Parul Bhasin/ Namrata Bhalla PR Pundit, New Delhi
    Tel: 2656 0415, 2651 3075, 93502 65351,9873313613

     

     

    What is Dabba Trading?

    Dabba is a trade where brokers and speculators illegally bet in stocks in the grip of the Bull Run for quick bucks. A practice mushrooming in several tier II towns like Rajkot, Vadodara, Jaipur, Jalgaon, Ludhiana along with metros like Kolkata, Mumbai and Delhi. It is a trade where daily transactions touch a whopping Rs 40,000 crores. A trade that is no holds barred and could double if it continues its free run.

     

    The Indian dabba trade is a variation of the American bucket shop operations of the 1920s, which were known to have mafia links. In India, a sizeable number of brokers and sub-agents were found to have links with the underworld.

     

    The last SEBI raid on a major dabba trader was way back in 2003 when it raided Pradeep Kumar Bansal of Mumbai and Sunil Kumar Kalyan of Kolkata. Both have been banned from trading in securities.

     

    How does dabba operate? An investor wanting to buy 100 shares of say stock X, will have a one-share transaction on the official bourse while the remaining 99 will be written in the cash sauda (transaction) book.

     

    The multiple stock exchange memberships allow dabba operators to log that single trade on the official exchange creating an appearance of authenticity.

     

    But will these illegal trades continue to flourish? And as long as there is large amounts of black money sloshing around in the economy and the political class encourages large scale loot of the system, there will always be a dabba market in some corner of the country, with operators finding ingenious ways to camouflage their activities

    Parul Bhasin
    PR PUNDIT
    P 2 Haus Khas, New Delhi 110 016
    Tel: +91 11-26560415, 26513075; Fax: +91 11-26961835
    Mobile: +91 9350265351

  • Radio Mirchi to fete Kaan award winners

    Radio Mirchi to fete Kaan award winners

    MUMBAI: Lights, camera, music…. Entertainment Network India Limited’s radio station is all set to celebrate and honour the best of Indian radio advertising at the first ever Radio Mirchi Kaan Awards. The event is to be held today, 23 April 2004 at Mumbai’s Grand Hyatt hotel.

    Hosted by Javed Jaffery and Bollywood actor Neha Dhupia, the event is based on the theme Voices. Besides an line up of live performances, the event will also have eminent personalities’ talking about the event and the present and the future of radio.

    Being first of its kind in India, the main problem that the organisers faced was about the promotions and establishing its identity. But Radio Mirchi national marketing head Gautam Gulati dismisses the issue stating that, “Compared to movies and music awards, the ones on advertising are never advertised very heavily. When it comes to movies and music, the audience is much larger. But ad awards are restricted to a small but highly creative set of people.”

    As for the suitability of timing, Gulati offered, “I personally feel that we have made the right amount of noise with the right kind of people. And it was the right time, not too late and not too soon.”

    With 39 agencies across India entering the fray, the contest received a total of 245 entries. While the participation may seem a trifle thin, it can be attributed to the initial inertia. When asked, Gulati said, “Creative quality and not quantity plays a very important role. We have personally instilled the ‘wow’ factor, a pinch of humour, in our entire approach, right from the ads, to the entry docket, to the second round of creative and even the invites.”

    The advertising awards are instituted in 15 categories including foods, beverages, toileteries, household care, business products and services. In addition to the 15 categories, there will also be special awards for the radio writer of the year, radio voice of the year, excellence in sound design, client and agency of the year 2003. Each of the 15 categories have gold, silver and bronze awards. Also, a crystal award for the best work across the categories has been instituted.

    The awards for the radio writer, voice of the year and sound design took into account the execution skills and the diversity displayed, while the client and agency of the year is based on the various works that have come in across categories from the agencies.

    Commenting on the selection process Gulati offered, “The jury has been very fair and has stuck to creative quality. All the jury members have been on the jury of other awards also and so, in all fairness, they have stuck to the benchmarks of TV/press judgement.”

    Speaking about the difficulties faced by the organisers Gulati said, “Difficulties have been very few. Interestingly, when I first started calling people in early November 2003, I was very surprised that it did not take long to convince the jury members on this initiative. They were more than keen and an overwhelming response has been maintained throughout.”

    As for the actual events, the organisers have invited about 800 from the advertising fraternity and a seizeable number from Bollywood.

  • BBC triumphs at Grierson documentary awards

    BBC triumphs at Grierson documentary awards

    LONDON: A couple of days ago the BBC romped home at awards ceremonies. It took home a host of accolades at both the Royal Television Society Craft and Design Awards and the Grierson Awards.

    The RTS Craft and Design Awards celebrate the work of professionals behind the scenes in programme production. 16 out of 27 awards went to BBC programmes – for best sound, production design, music, lighting, photography, camera, costume design, visual effects, make up, graphic design and innovation.

    The Abyss – Live which was produced by the BBC Natural History Unit for the BBC won for its multicamera work. The Walking With Dinosaurs Special won for the visual effects. BBC programmes also won six out of 11 awards at Grierson 2003. This is the British Documentary Awards, which recognise the best in the genre in the UK.

    Crackhouse won in the category of documentary based on a contemporary issue: The best historical documentary citation went to SAS Embassy Siege.