ADAG identifies rogue brokers, seeks Sebi action

New Delhi: The Anil Ambani group on Friday said it has identified the stockbrokers behind the spread of malicious rumours and "baseless sensational charges" against it and sought immediate action by Sebi against the perpetrators.

The group said these brokers were sending out mass emails and SMSs and were also making large-scale voice calls with baseless and sensational charges against its firms.

Stocks of various companies belonging to the Reliance Anil Dhirubhai Ambani Group have fallen sharply in the past few weeks and the group has blamed corporate rivals, a cartel of stock market manipulators and `rumour mongering` for this heavy sell-off.

While the group has already sought an investigation by Sebi, the stock exchanges and investigation agencies into the matter, it said in a fresh statement today that it has "identified stockbrokers sending mass e-mails/SMS/voice calls with baseless sensational charges against ADA Group.