SEBI Confirms Ban On 5 Persons In Zee Entertainment Insider Trading Case
NDTV
SEBI has confirmed its earlier directive passed against five persons where they were barred from securities market for indulging in insider trading
Market Regulator Securities and Exchange Board of India (SEBI) on Monday confirmed its earlier directive passed against five persons wherein they were barred from the securities market for indulging in insider trading in the scrip of Zee Entertainment Enterprises Limited.
"Bijal Shah, Gopal Ritolia, Jatin Chawla, Gomti Devi Ritolia and Daljit Chawla are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders," SEBI said in its 43-page confirmatory order.
However, they have been allowed to buy and sell units of mutual funds.
The regulator said a detailed investigation in the matter is in progress which may bring out additional roles of omission or commission, of these five persons, if any, in detail.
