Sebi expands investigation into financial dealings of Vijay Mallya's listed companies

Market regulator Sebi has extended investigation into possible siphoning of funds by the promoters of various listed companies of Vijay Mallya-led UB Group.

Sebi expands investigation into financial dealings of Vijay Mallya's listed companies

Zee Media Bureau

New Delhi: In the latest, market regulator Sebi has extended investigation into possible siphoning of funds by the promoters of various listed companies of Vijay Mallya-led UB Group.

The matter is also being flagged to other agencies and government departments, including the Corporate Affairs Ministry and its probe agency for white-collar crimes, SFIO (Serious Fraud Investigation Office), a senior official said.

The Securities and Exchange Board of India (Sebi) is also suspecting 'insider dealings' with the promoters and related parties.

Besides, Sebi is also probing any possible violation of norms aimed at checking fraudulent and unfair trades and comprising the interest of minority shareholders.

With PTI inputs

 

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