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Sebi bars Zee’s Chandra, Goenka from market for 1 year
MUMBAI: Markets regulator Sebi has banned Zee group’s Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging Zee Entertainment Enterprises (ZEEL)’s land parcels in Hyderabad as a security for personal loans. Chandra has also been fined Rs 60 lakh, Goenka Rs 58 lakh and the company Rs 30 lakh for the fraudulent acts that were carried out in 2018.
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economictimes.indiatimes.com
Sebi imposes penalty of Rs 1.48 crore on Zee Entertainment
SEBI also said it barred the company's CEO Punit Goenka and founder Subhash Chandra from the securities market for one year for violating the securities law.
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thehindubusinessline.com
SEBI bars Zee Entertainment's Punit Goenka and Subhash Chandra for one year; imposes ₹1.48 crore penalty
SEBI imposes ₹1.48 crore penalty on Zee Entertainment, Punit Goenka and Subhash Chandra, citing governance lapses and undisclosed loan security arrangements.
