I used to work with Helios & Matheson and left the Company after I saw numerous information on the Public Domain about their unethical and criminal activities.
I am so surprised that not a single Regulatory Authority has ever taken any action against Helios & Matheson Information Technology Ltd Chennai a listed Company on Bombay Stock Exchange and National Stock Exchange (India)
They are also listed on Nasdaq in the Name of Helios & Matheson North America Inc
Just today while browsing through the net i came across the following article in Business line on Helios & Matheson Information Technology Ltd - Chennai.
There are many other unethical acts that this company is involved in itseems which are all on the Public Domain.
There is one I saw where there is a court order / judgement by the Bombay High Court against them for cheating, conspiracy, fraud and forgery in regards to an acquisition.
http://indiankanoon.org/doc/309173/
SEBI slaps Rs 50-lakh fine on Helios and Matheson
Our Bureau
Chennai, Feb. 15:
The SEBI has imposed a Rs 50-lakh fine on Chennai-based Helios and Matheson Information Technology for ‘alleged irregularity' in trading of the company's shares.
SEBI conducted an investigation into the alleged irregularity for the period February to September.
Officials of the company could not be reached for a comment.
Also there is an order by the Enforcement Directorate for violation of FEMA a Rs 5 Lacs penalty has been filed on the Company.
Mr Anna Hazare is fighting for corruption in the Country and this shows how such an unethical Company can still operate and list itself on stock exchanges and mislead share holders and no one is there to stop them.
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