Unclaimed shares scam

Unclaimed Shares ScamAfter a three  week hiatus due to unavoidable personal commitments, I woke up to a couple of news relating to our business. First is this news item in the Times of India on 23rd October, 2017. News item states that unclaimed shares are being misused by a few unscrupulous operators in connivance with Registrars and Transfer agents and perhaps banks. This unholy nexus is quite disturbing.