Wednesday, December 31, 2014

SEBI FINES CALS PROMOTER OF RS 750 CR

SEBI has fined Gagan Rastogi and Asiatexx Enterprises Limited amounting to Rs 750 crores. Rastogi was one of the promoter of Cals Refineries. SEBI investigation has found that the GDR amount the company raised was illegally credited to the accounts of Rastogi / his associate companies.

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