₹200 cr in trading accounts frozen in WhatsApp scam

The Enforcement Directorate has frozen trading accounts holding shares worth approximately ₹200 crore in an alleged WhatsApp-driven stock manipulation case involving R M Drip and Sprinklers Systems Ltd and R&B Denims Ltd. Searches were conducted at 29 premises across six cities. Investigators suspect that preferential share allotments were followed by promotional campaigns.