Financial Misconduct News - Latest Updates & Headlines
SEBI cracks down on firms diverting funds for personal use
Mumbai, March 21: The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints from whistleblowers.
We continue to pursue case against him as required under law, says MEA on Lalit Modi
New Delhi March 7: Responding to a question on reports of former IPL boss Lalit Modi's acquisition of citizenship of Vanuatu, the Ministry of External Affairs spokesperson Randhir Jaiswal stated that they are aware of his application for surrendering his passport in the High Commission of India in London and they are continuing to pursue all cases against him as per the law.