"We have given a list of over 25 companies to the Securities Exchange Board of India. According to our information, benami demat accounts have been used in these companies. A similar list is also with Reserve Bank of India regarding the Yes Bank and IDFC IPO scam," IGF president and former BJP MP Kirit Somaiya said.
In both these lists, two names were common. One was Dhiren Vora, a broker with H Nyalchand and Company in Ahmedabad, and Aman Shah, an investor financer.
"Both these men are involved in the demat scam. We have demanded that all the transactions of these two in 2005 should be investigated," he said.
He also demanded all the IPOs of 2005 be investigated by the Economic offences Wing of Gujarat and Maharashtra.
Some of the names in the list were Bombay Rayon Fashions Ltd, Piramyd Retail Ltd, Suzlon Energy Ltd among others. According to Somaiya, there were anomalies in the 2005 IPOs.
"In 2001 to 2004 the premium was marginal. But in 2005, more than 40 companies have raised Rs 12,871 crore (Rs 128.71 billion) through 124.30 crore (12430 million) shares. Premium collected was Rs 11,628 crore (Rs 116.28 billion)," he said.
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