SEBI imposes Rs 2.6 crore fine on former CNBC Awaaz anchor
By Staff Writer in Media News on Thursday, 13th June 2024 at 7:19pmThe Securities and Exchange Board of India (SEBI) has levied a substantial penalty of Rs 2.6 crore on Pradeep Baijnath Pandya, a former anchor at CNBC Awaaz, along with six other entities, for their alleged involvement in fraudulent trading activities, Influencing India has confirmed.
Pradeep Baijnath Pandya, along with Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment, and Toshee Trade, has been barred from participating in the securities market directly or indirectly for a duration of five years.
In a circular released by the statutory regulatory body on June 11, SEBI condemned acts of 'selective information dissemination' which might lead to 'erosion of trust' and significant loss of confidence among investors. The exchange...
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