![]() Trading is permitted only in India, so we probed it. However, when we were scanning outside web traffic we found MCX trading data coming from Netherlands. Then it appointed around 65 sub-brokers in united AP. This stock market tutorial explains the Dabba trading and its mechanism.Subscribe To Our Convey Pitchers Newsletter. Sri Arihant Commodities took MCX membership by paying around a crore. Mr Ravi Sasank said, “MCX is the legal platform for future trading in commodities. Our rivals are trying to throw mud on us. “There is no cheating by me or my company. Mr Kailash Kumar, the owner of Sri Arihanth, denied the allegations. He alleged clients also lost crores as they never got price appreciation as the illegal platform has only a few thousand traders. The complainant alleged that due to dabba trading the government suffered huge tax losses as trading is done in cash bypassing banks. The Tenali based Sri Arihant Commodities is accused of trading on a virtual machine outside the recognised platform MCX (Multi Commodities Exchange) by reverse engineering the software. trading software whereby, the operator executes a transaction on the trading. Ravi Sasank, who is also the complainant, claims to have stumbled upon a duplicate server with MCX traffic coming from Nether-lands. A Dabba Trading also known as Bucketing is the process used by brokers. The fraud allegedly involving thousands of crores took place in Tenali and Hyderabad. Hyderabad: The AP CID has launched a preliminary probe into the alleged multi-crore ‘dabba trading’ fraud in commodities future trading. ![]()
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