India's SEBI suspends Aravind Maiya as CEO of Embassy Office Parks due to professional misconduct.

India's securities regulator, SEBI, has suspended Aravind Maiya as CEO of Embassy Office Parks Management Services due to prior professional misconduct linked to an audit of Coffee Day Enterprises. Following a National Financial Reporting Authority (NFRA) ban that prohibits him from auditing for ten years, SEBI deemed Maiya unfit for his role, citing concerns over integrity and compliance. An interim CEO will be appointed as the company addresses these compliance issues.

November 04, 2024
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