<\/strong>
MUMBAI: India's markets watchdog fined Reliance Industries<\/a> 250 million rupees ($3.42 million) and its chairman Mukesh Ambani<\/a> 150 million rupees on Friday for what it said were fraudulent trades while selling a stake in a subsidiary in 2007.
The Securities and Exchange Board of India<\/a> (SEBI) alleged that the oil-to-telecoms conglomerate took derivative short positions in shares of separately listed Reliance Petroleum in 2007 through third parties before it sold a 5% stake in the business.
Reliance did not immediately respond to requests for company comment and comment from Chairman Ambani.
The latest ruling follows a 2017 order https:\/\/www.reuters.com\/article\/us-reliance-sebi-idUSKBN16V2I0 for Reliance Industries to surrender about 4.5 billion rupees plus 12% annual interest for what the regulator said were unlawful gains from that deal. It also barred Reliance and some third parties from trading in derivatives for one year.
At the time, Reliance Industries said the trades examined by SEBI were \"genuine and bona fide transactions\" and that SEBI had \"misconstrued the true nature of the transactions and imposed unjustifiable sanctions\".
The group is awaiting a Supreme Court appeal hearing against the 2017 ruling.
\"By this penalty, SEBI is showing its teeth,\" Shriram Subramanian, a corporate governance expert and founder of proxy advisory firm InGovern, said of Friday's ruling.
\"The said scheme of manipulation was deceptive and against the interest of the securities markets,\" SEBI said in Friday's 95-page order, adding that Ambani was responsible for the company's activities.
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印度信实工业董事长穆凯什•安巴尼罚款在股票交易
印度证券交易委员会(SEBI)声称oil-to-telecoms集团衍生品单独上市的股票空头头寸信实石油在2007年之前通过第三方业务5%的股份出售。
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孟买:印度的市场监管机构罚款信实工业公司2.5亿卢比(342万美元)和主席穆凯什•安巴尼1.5亿卢比周五所谓欺诈性交易,而在2007年出售股权的子公司。
的印度证券交易委员会(SEBI)声称oil-to-telecoms集团衍生品单独上市的股票空头头寸信实石油在2007年之前通过第三方业务5%的股份出售。
依赖公司没有立即回复要求评论从主席巴尼和评论。
的最新裁决之前2017订单https://www.reuters.com/article/us-reliance-sebi-idUSKBN16V2I0信实工业投降大约45亿卢比加上每年12%的利息为监管机构称,非法交易的收益。它还禁止依赖和一些第三方交易衍生品为一年。
当时,信实工业表示,印度证券交易委员会提出的交易是“真正的和真正的交易”,印度证券交易委员会”误解事务的本质和实施不合理的制裁”。
该集团正在等待最高法院上诉听证会反对2017年裁决。
“这个点球,印度证券交易委员会正显示出其牙齿,“Shriram萨勃拉曼尼亚,代理咨询公司的创始人和公司治理专家InGovern,说周五的判决。
“操纵的表示方案是欺骗性和对证券市场的利益,”印度证券交易委员会说,在周五的95页的订单,添加,安巴尼是负责公司的活动。
孟买:印度的市场监管机构罚款信实工业公司2.5亿卢比(342万美元)和主席穆凯什•安巴尼1.5亿卢比周五所谓欺诈性交易,而在2007年出售股权的子公司。
的印度证券交易委员会(SEBI)声称oil-to-telecoms集团衍生品单独上市的股票空头头寸信实石油在2007年之前通过第三方业务5%的股份出售。
依赖公司没有立即回复要求评论从主席巴尼和评论。
的最新裁决之前2017订单https://www.reuters.com/article/us-reliance-sebi-idUSKBN16V2I0信实工业投降大约45亿卢比加上每年12%的利息为监管机构称,非法交易的收益。它还禁止依赖和一些第三方交易衍生品为一年。
当时,信实工业表示,印度证券交易委员会提出的交易是“真正的和真正的交易”,印度证券交易委员会”误解事务的本质和实施不合理的制裁”。
该集团正在等待最高法院上诉听证会反对2017年裁决。
“这个点球,印度证券交易委员会正显示出其牙齿,“Shriram萨勃拉曼尼亚,代理咨询公司的创始人和公司治理专家InGovern,说周五的判决。
“操纵的表示方案是欺骗性和对证券市场的利益,”印度证券交易委员会说,在周五的95页的订单,添加,安巴尼是负责公司的活动。
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