Anil Ambani and capital market regualtor SEBI

SEBI is the watchdog of capital market. Rules are very stringent after a couple of stock market scams and SEBI comes up with new ideas and innovative ways to ensure fair trade. Capital market is vulnerable to financial frauds as there are ways to make them happen. SEBI is a regulator and it has the supreme power in the financial market. Can SEBI catch hold of big shots with name, fame, money and power in India. Yes I am talking about Anil Ambani who recently paid penalty of 50 crore to SEBI as a settlement charge without accepting or denying the charges levied on him. When asked about the impact of such an event on his business RNRL, Reliance Infra he Anil said it will have a zero impact on his business. But as time goes by the general people especially the shareholders and investors or the retail traders will be more interested to know about the 50 crore penalty. As a result of this penalty Anil Ambani can not participate in the capital market for a year and so. SEBI has found prima facie evidence on the violation of regulations over FIIs.
By Dipti Prasad Padhi

By : | Category : Business and Economy| Date : November 10,2011

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