Sebi bars Vijay Mallya from Indian markets for 3 years for fraudulent FPI investments.
Sebi bans fugitive businessman Vijay Mallya from Indian markets for 3 years for using FPI route to invest in his own group entities between 2006-2008, concealing his identity. Mallya also barred from associating with listed companies for 3 years, and Sebi has directed freezing of all securities holdings. Mallya's actions deemed fraudulent, deceptive, and a threat to the securities market's integrity.
July 26, 2024
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