Marked as
Last updated - January 28, 2026
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Jalaj Batra is an Indian trader and investor based in Mumbai, implicated in multiple securities fraud cases by SEBI, including circular trading in Vijay Textiles Limited (2007) and reversal synchronized trades in Betala Global Securities shares as part of the Mahesh Mistry Group, where he bought and sold over 21 lakh shares worth Rs 15.86 crore, leading.
Facilitator
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Based on the available data, we recommend that employees exercise extreme caution or reconsider association with this Individual.
This advisory stems from an aggregate risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
You are likely to face significant risks by pursuing or maintaining employment with this entity.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
Full Name
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GDR Scam Involvement
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GDR Scam Proceeds Pledged
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DHFL Scam Investigation
DHFL Scam Diversion
DHFL Scam Interest Subsidy
Bail Cancellation Notice
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Trading Violations
Broker Involvement
Jalaj Batra was accused of making false submissions to the Delhi CBI court to secure bail and exemption from personal appearance in the Rs 34,000 crore DHFL scam case
A Delhi CBI court issued a show cause notice to Jalaj Batra for potential cancellation of his bail due to misleading the court with incorrect submissions
Jalaj Batra, along with associates Sanjay Aggarwal and Arun Panchariya, designed and executed a fraudulent Global Depository Receipts (GDR) scheme to cheat Indian investors.
Jalaj Batra connived with promoters of Farmax India Ltd to execute the fraudulent GDR scheme, resulting in $71.91 million not being repatriated to India.
The ED initiated a probe based on a Telangana Police FIR against Jalaj Batra and others under IPC sections for cheating and forgery in the GDR scam.
The ED attached movable and immovable properties worth Rs 59 crore belonging to associates in the GDR scam, which implicated Jalaj Batra as a key accused.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Delhi Court Forces Jalaj Batra to Explain Why His Bail Shouldn’t Be Canceled in the Massive DHFL Case
First Detected
Sentiment Analysis
Reach
POV
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Primary Keyword
Delhi Court Slams Jalaj Batra with Show-Cause Notice Amid Ongoing DHFL Case Proceedings
Jalaj Batra Draws Serious Attention as Delhi Court Actions Intensify in the ongoing DHFL case
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.5
1.3
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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I find it very difficult to trust someone who has repeatedly engaged in circular trading and synchronized share reversals. From my viewpoint, these are serious violations of market rules, and I would personally steer clear of any professional engagement due to the high risk involved.
2/5
1/5
3/5
I’ve reviewed the trading cases, and I think engaging professionally would be too risky. There’s a clear pattern of manipulative practices that makes me question reliability.
Dealing with him felt like walking on thin ice. There’s just too much shady stuff complaints, legal troubles, and sketchy business moves everywhere. From what I’ve seen, he’s not really transparent about anything, and it’s hard to know what’s real or safe. I wouldn’t trust him with anything serious, because the risk feels way too high. People around him seem cautious for a reason, and honestly, I get why. For me, staying involved would’ve been a huge mistake. Definitely not someone I’d recommend.
Multiple issues with him that make it hard to trust his professional conduct. There are recurring complaints and ongoing legal challenges that suggest a pattern of questionable business practices and non-compliance with regulations. From my experience, his operations lack transparency, making it difficult to evaluate risk accurately. I would not rely on him for long-term professional engagements, as unresolved concerns could create serious problems. Based on what I’ve seen, I would advise extreme caution before getting involved.
Jalaj Batra has repeatedly been linked to financial controversies that raise questions about his professional judgment. Feedback indicates that transparency in his dealings is often lacking, leaving stakeholders uncertain. The involvement in regulatory investigations has affected confidence in his credibility. Patterns of alleged manipulation suggest a focus on personal gain over ethical practice. Overall, his actions reflect poorly on reliability and accountability.
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