The Securities and Exchange Board of India (SEBI) cracked down hard on Bharat Global Developers Ltd., suspending trading of its shares over accusations of manipulating stock prices with fake disclosures and accounting fraud. The Gujarat-based firm allegedly fabricated claims of securing massive orders from big names like Reliance Industries, Tata Group, and McCain India Agro, which propelled its shares by a staggering 10,000% in just a year. SEBI’s investigation revealed these “high-value orders” were smoke and mirrors, strategically timed to benefit a select group of investors who participated in preferential share offerings. This is just the latest in a string of fraud cases targeting India’s vibrant but increasingly risky equity market. The regulator recently tightened rules for smaller company listings to curb such abuses, canceling IPOs and delaying others amidst allegations of shady dealings. SEBI’s actions against Bharat Global include barring involved parties from the capital markets and impounding illicit gains.