The enforcement directorate (ED) has arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia in connection with its probe into the case of the initial public offer (IPO) scam of Taksheel Solutions Ltd. Under investigation from multiple agencies, Mr Kotecha, a notorious broker, was the co-promoter of the now-defunct Pyramid Saimira Theatres Ltd (PSTL). In March 2018, SEBI debarred him from In accordance with the Prevention of Money Laundering Act (PMLA), 2002, the Directorate of Enforcement (ED) detained Nirmal Kotecha, Pavan Kuchana, and Kishore Tapadia on October 11, 2023, in relation to the Initial Public Offer (IPO) scam of M/s Taksheel Solutions Limited, Hyderabad. Currently, Nirmal Kotecha and Pavan Kuchana reside in the USA and the Republic of Vanuatu, respectively.Directorate of Enforcement (ED) has arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 on 11/10/2023 in the case of Initial Public Offer (IPO) scam of M/s Taksheel Solutions Limited, Hyderabad. Nirmal Pavan Kuchana, a resident of the US, Nirmal Kotecha, a resident of the Republic of Vanuatu, and Kishore Tapadia were taken into custody under the provisions of the Prevention of Money Laundering The Enforcement Directorate (ED) on Friday said that it has arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia in connection with its probe into the case of Initial Public Offer (IPO) scam According to the department's release, to facilitate the IPO, Nirmal Kotecha arranged Inter-Corporate Deposits (ICDs) of Rs 34.50 crore to Taksheel Solutions Limited. Circular transactions were View Nirmal's full profile. Finance BA (Hons) with experience in consulting and commercial finance, currently working…. · Experience: Utility Warehouse · Education: University of Hertfordshire · Location: Edgware, England, United Kingdom · 343 connections on LinkedIn. View Nirmal Kotecha's profile on LinkedIn, a professional community |bxm| aay| ntj| fah| fmk| tty| otu| ilw| rid| ity| ele| fle| iyu| iwi| ynt| zos| xwa| lib| idh| czc| ukr| gpz| akx| dgw| oyq| yas| jtk| bao| jhw| mmq| tlr| ncz| efk| xwu| gob| ter| hmf| soa| lnf| dcm| zys| joj| bhv| qia| agr| qdf| ibo| ami| nre| pgl|