Manpasand Beverages Scam: The capital markets regulator Securities and Exchange Board of India (SEBI) has barred Manpasand Beverages Ltd (MBL) and its three top officials from the securities markets for three years imposed a penalty totalling ₹74 lakh on them for manipulating and mis-stating the company’s financial statements.
Apart from MBL, those who restrained by SEBI are — the promoter, chairman, managing director (CMD) Dhirendra Singh, promoter and executive director Abhishek Singh and chief financial officer (CFO) Paresh Thakkar. Also, these four entities have been fined ₹17 lakh each, which needs to be paid within a period of 45 days, SEBI said in its recently released 55-page order.
more to come
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Published: 02 May 2024, 07:58 PM IST
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