SEBI Slaps ₹2.5 Crore Fine On TIL, Former Officials Over 'Fictitious' Transactions
Markets regulator Sebi has imposed a penalty of Rs 2.5 crore on TIL Ltd and three former officials for indulging in fictitious purchase and sales leading to over-statement of sales and revenue for 2019-20 and 2020-21. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
Source: freepressjournal.in