International Law

ICICI accuses Websites of causing recent bear run on its script

By admin

The recent liquidity crunch has resulted in a uniform bear run on the stocks of Indian Banks. Though ICICI bank has particularly been the victim of rumors as to its alleged liquidity crunch. In a FIR filed by the bank it has accused several people acting in a criminal conspiracy to exaggerate the bear run with a intent to profit. It has accused websites which provide trading information and national sms services through the internet. This will invariably raise questions of intermediary liability in the future. For more details on the FIR which has been filed by ICICI click here

Full post as published by India Law & Tech on October 16, 2008 (boomark / email).