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SEBI bans 22 entities, including Ketan Parekh, over ₹65.77 crore front-running scam.
India's market regulator, SEBI, has banned Ketan Parekh, Rohit Salgaocar, and 20 other entities from the securities market for their alleged involvement in a front-running scam.
The scam involved exploiting non-public information from a US-based fund house and generated around ₹65.77 crore in illegal gains.
SEBI has ordered the impounding of these funds and issued show cause notices to the accused, giving them 21 days to respond.
This scheme was discovered through SEBI's investigation from January 2021 to June 2023.
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La SEBI prohíbe 22 entidades, entre ellas Ketan Parekh, más de 65,77 crores de fraude en el frente.