Brushman India

This is a one man con job and heres the man Kapil Kumar

heres a link to a bash kapil kumar threw for the launching of Toni and guy

http://ww.smashits.com/brushman-india-launch/event-1587-picture-1.html

He managed to be assocated with world class brands like Denman International, UKKeune Haircosmetics, HollandNvey (Make-up), Australia
Wahl Clipper Corporation, USA Moser, Wahl GroupLigo Electric SA (Valera Dryers)'Jaguar' Stahlwarenfabrik GmbH & Co. KG
Denman and Keune actually have astake in brushman

Kapil Kumar is involved in

Money laundering WITH MADHU KODA (REMEMBER HIM?) many people seem to have forgotten

Price rigging

Accounting fraud

Unfortunately for the minority shareholders of Brushman Kapil kumar seems to have dragged the company in everything he does

1 Money laundering

www.dailypioneer.com/270197/Koda-money-rode-on-hawala.html
Koda money rode on hawala

Navin Upadhyay | New Delhi

The economic investigation agencies probing the Madhu Koda scam have unearthed huge pay-off remitted from abroad to agents and facilitators for grabbing mining lease in Jharkhand when Koda was the Chief Minister.

Sources said that Koda’s close aide Binod Sinha helped a major steel company grab mining lease in the State. The company agreed to pay part of the payment in cash for the contract of extracting iron ore from Jharkhand mines and remaining by remitting it to two separate companies linked to Sinha and his aides.

Sources said probe agencies have learnt that Koda and his associates used hawala channels in a big way to receive pay-offs for awarding mining lease to different companies. The bribes were routed to a spate of companies and then passed off to Koda and his aides.

In the present case, the probe agencies have learnt that as per the understanding reached between the steel company and Koda’s aides, the former allegedly routed the money through Global Absolute Research Private Ltd and Brushman India Ltd. The two separate companies are headed by one person, whose role is already under scanner in the scam.

Sources said there is evidence to establish that Tony Dildar Singh, a senior official of the Global Research, visited Ranchi in 2007 to finalise the mining lease and cut off the ‘deal’ with Koda’s aides. Dildar Singh is believed to be the main person involved in transferring funds from Dubai, Delhi, London, India, and Singapore.

The probe agencies have found evidence to establish that Koda’s APS Arun Kumar Srivastava had written to Dildar Singh and one Anil Adi Nath Bastabade in 2007, inviting them to explore business possibilities in Jharkhand on the instruction of Koda and Binod Sinha. Anil Bastabade is a key player in the scam.

Probe agencies are investigating a series of suspected transactions reflected in the accounts of Global Absolute Research Pvt Limited and Brushman India Ltd. Sources said that on March 14, 2007, Global Research received payment of Rs 3.5 lakh from London and again received Rs 11 crore in the third week of October from New York.

On March 10, 2008, the company again received Rs 46 lakh from the same source in New York. On April 4, Global Research received foreign remittance of US$ 1,99,972.50 by Vishes Infotechnic from New York. On June 6, another London-based company remitted US$ 1,41,14.02 to it.

Also under scanner is a remittance of $11,710,507.00 that flowed into the account of Brushman India from London on August 1, and then re-routed to Singapore, Hong Kong, and Dubai.

Bastabade is well connected in Delhi, London, Dubai and had visited Ranchi several times between 2006 and 2008 when Koda was the CM...


2 Price rigging

PRESS RELEASE - SEBI
August 18, 2010
PR No. 196/2010
Consent Order on the application submitted by M/s Brushman (India) Limited & its Managing Director Shri Kapil Kumar in the matter of

M/s Brushman (India) Limited
A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed consent order dated August 13, 2010 on an application submitted by Brushman (India) Limited & its Managing Director Shri Kapil Kumar in the matter of Brushman (India) Limited, in accordance with SEBI circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 10,00,000/- (Rupees Ten lakh only) towards settlement charges as terms of consent in the matter. SEBI has accepted the said terms of settlement and this consent order disposes of the proceedings initiated against them under Section 11B of the SEBI Act, 1992 read with Regulation 11 & 12 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 1995 and Regulation 11 of SEBI (Prohibition of Unfair Trade Practices relating to Securities Market) Regulations, 2003.

The order has come into force with immediate effect.

Mumbai

August 18, 2010

in december 2010 he was AGAIN CAUGHT for rigging with sanjay dangui see page 29 onwards of this link

http://www.watchoutinvestors.com/Press_Release/sebi/SanjayDangi.PDF?cntrl_no=COMP5333

3 Accounting fraud