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Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses
Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max Financial founder Analjit Singh and executives. Sebi investigated transactions between Max Financial, Max Life, and Axis entities. The regulator found no evidence of a fraudulent scheme benefiting Axis.
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economictimes.indiatimes.com
Sebi drops proceedings against Max Financial, Axis Bank in Max Life deal case
Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved…
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Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses
Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max…
