Ricoh India – New Term – Circular Sales.

Over the years we have heard how Circular Trading was done for manipulation of stock prices.

Ricoh India took it a step ahead with Circular Sales itself to inflate Revenues.

You can read the full order here –

https://www.sebi.gov.in/enforcement/orders/feb-2018/order-in-respect-of-ricohindia-limited_37834.html