Q And he was sharing the profit, the customer?
A Uh, there was no entry for sharing the profit. So what the guy was very smartly doing was, let's say now, from the 20 rupees to 50 rupees, he's on five crores in the customer account. Now there should be a transfer from the customer account to the stockbroker's own account, that's only when he's benefited, right? And there was no such entry. What he was very smartly doing was taking intraday positions in Reliance and HDFCs of the world of five crores and 10 crores and charging insane brokers on these Trades. So let's say it's buy reliance for five crores, and within a minute, place a sell trade of five crores, and he's charging brokerage on both the sides, and that's how he's moving the money out of scratch.
AI assessment note: “there was no entry for sharing the profit. So what the guy was very smartly doing”