Sebi issues demand notices to 5 entities in Fortis Healthcare fund diversion case
Five entities, including Saubhagya Buildcon and Zolton Properties, have been issued notices by the Securities and Exchange Board of India (Sebi), asking them to pay Rs 5.7 crore ($755,000) in funds relating to Fortis Healthcare's case of fraud. The five entities received demand notices as they failed to pay the fine imposed by the regulator in May 2020 regarding the alleged diversion of funds and misrepresentations made to conceal it.
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