SEBI bans Zee founder and CEO from markets for a year, levies ₹1.48 crore fine
The Securities and Exchange Board of India (SEBI) has prohibited Zee Entertainment's CEO Punit Goenka and founder Subhash Chandra from participating in the securities market for a period of one year due to breaches of securities regulations. Additionally, the market regulator has slapped a fine of ₹1.48 crore on the firm and both executives. An investigation revealed that company assets were used as collateral for loans benefiting entities connected to shareholders, all without obtaining the necessary authorizations.
by shortkt.com✓