SEBI bars Malvinder, Shivinder Singh from markets for three years
Confirmatory order by SEBI imposed a monetary penalty of Rs 5 crore each on Malvinder Singh and Shivinder Singh in Fortis Healthcare matter
Source: businesstoday.in
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Fortis Funds Diversion Case: SEBI Imposes Penalty on Singh brothers; Bars Them From Markets for 3 Years
Market regulator Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of Rs 5 crore each on brothers Malvinder Singh and Shivinder Singh in the Fortis Healthcare matter while also barring the Singh brothers from the securities market for a period of three years.
Source: moneylife.in