According to information from stockbrokers, many wealthy individuals are now reconsidering their rush to invest in special allocations, especially after seeing a sudden drop in the prices of certain small company stocks. This drop is linked to the selling of shares by Hari Shankar Tibrewala, who is suspected of being involved in illegal money transfers, through various front companies based in Dubai.
Although Tibrewala-linked groups own small portions of these companies through foreign and domestic investment structures, people's opinions about these stocks have recently become unfavorable. Tibrewala-associated entities frequently take part in preferential share allocations as well.
