The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 3 lakh on actor Shilpa Shetty, her husband and businessman Raj Kundra and his company Viaan Industries for violation of Insider Trading rules. Shetty, Kundra and Viaan Industries were slapped with the hefty fine for a three-year delay in disclosing an allocation of preferential shares, according to a report by Moneycontrol. Viaan Industries had in 2015 made a preferential allotment of 500,000 equity shares, of which, 128,800 equity shares each were allotted to Kundra and Shetty, who were the promoters of the company.
#ShilpaShetty #RajKundra #SEBI #InsiderTrading #MamataBanerjee #SoniaGandhi #Congress #TMC
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