Sebi bars DCHL promoters, others
The Sebi has barred the promoters of Deccan Chronicle Holdings Ltd (DCHL) from the securities market, for a interval various from 1-2 years, and levied fines totalling Rs 8.20 crore for varied violations.
The instructions, handed by means of an order on Tuesday, are for fraudulent actions, understatement of loans by DCHL in its monetary statements for the fiscal yr 2008-09 to 2011-12 and violations of laws.
The Sebi imposed a positive of Rs 4 crore on DCHL, Rs 1.30 crore every on T Venkattram Reddy, T Vinayak Ravi Reddy, Rs 20 lakh on N Krishnan and Rs 10 lakh on V Shankar. WITH PTI
