SEBI fines Shilpa Shetty, Raj Kundra Rs 3 lakh for violating insider trading rules

MumbaiIn another setback to Raj Kundra, arrested in an alleged pornography case, the Securities and Exchange Board of India has imposed a fine of Rs 3 lakh on his wife Shilpa Shetty, him and his company Viaan Industries for violating insider norms. Business. According to an ANI report, the businesswoman and actress delayed the mandatory disclosure to the stock exchanges by over 3 years.

Earlier in the day, a magisterial court in Mumbai rejected Raj Kundra’s bail plea in the alleged adult film racket case. He will be in judicial custody till 10 August 2021.

The Crime Branch cell of Mumbai Police had arrested Raj Kundra for creating and circulating obscene material on the mobile app. He was booked under relevant sections of IPC and IT Act. He had filed a petition in the Bombay High Court challenging his arrest and terming it as ‘illegal’.

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