Sebi slaps Rs 33.81 crore fine on senior officials of Sharepro Services, others
The Securities and Exchange Board of India (SEBI) has imposed fines totaling INR 33.81 crore ($4.6 million) on 13 individuals, including senior officials of Sharepro Services, for violating regulatory norms. The fines were imposed for misappropriation of securities and dividends belonging to genuine shareholders. SEBI's investigation revealed fraudulent transfer of shares and falsification of records at Sharepro. However, due to limited records and fund trails, the exact amount of ill-gained profits made by each individual could not be determined.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
