This SEBI RA has been arrested and sits in jail with his bail denied.
Here are the details of this person:
- Name: Bhupal Nanavath Naik
- SEBI RA License: INH200010001
- Firm: Shares Bazaar Pvt Ltd - Founder
- Location: Hyderabad
- FIR: 35/2026, Cyber Crime Police Station, Surat
An FIR was filed by some of his clients, he was arrested and a few days back, Surat court denied him bail - treating him as a flight risk.
Interestingly, he had a history of fraudulent activites, BSE expelled his firm 4 years, NSE filed a cease and desist but no due diligence was done while granting him a SEBI RA license which is still active to the day.
@NanavathBhupal They're not farming, they took money from investors by mentioning guaranteed monthly returns and stopped paying since October 2025 by lying to investors, now they're trying to loot money and abscond
#justiceforharsha
My questions:
1. How are the accused released when it's a non bailable offence?
2. Why isn't Amrita University revoking their support to the accused?
Students start asking these questions.
#justiceforharsha
My questions:
1. How are the accused released when it's a non bailable offence?
2. Why isn't Amrita University revoking their support to the accused?
Students start asking these questions.
#justiceforharsha
My questions:
1. How are the accused released when it's a non bailable offence?
2. Why isn't Amrita University revoking their support to the accused?
Students start asking these questions.