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Sebi levies Rs 11-crore fine on eight entities in algo software case

Business Standard LogoBusiness Standard1 mo ago

Sebi levies Rs 11-crore fine on eight entities in algo software case

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The regulator had passed an order in 2019 in the same matter where it had imposed market bans on the concerned entities.

The Sebi examination also found several instances of conflict of interest with respect to family connections between Shah, Lala, and Thomas.

The case dates back to a period between 2009 and 2016 when the exchange engaged with academician Ajay Shah and Infotech Financial Services (where Sunita Thomas and Krishna Dagli were directors).


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Article Details

Author / Journalist: BS Reporter

Category: EconomyFinance

Topics: Content Infotech Interest Standard Business Thomas Software Sebi Crore Shah Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 00:49:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 3 minutes read

Article Length: 515 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 23559

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Official Website: business-standard.com

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Coverage Areas: India

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