Private firm’s 3 directors convicted for not following SEBI rules, defrauding investors

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A court here has convicted a private company and its three directors in an over 23-year-old case under the SEBI Act and Collective Investment Scheme (CIS) regulations, saying they trapped innocent people by promising them unrealistic returns.

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Private firm’s 3 directors convicted for not following SEBI rules, defrauding investors

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