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Sebi slaps Rs. 3 lakh fine on Raj Kundra, Shilpa Shetty, Viaan Industries for disclosure lapses and violation of insider trading norms | SEBI fines Rs 3 lakh on Raj Kundra, Shilpa Shetty and their company Viaan Industries for violating insider trading rules – Bollywood News in Hindi

By Bollywood Hungama News Network, Jul 29, 2021 – 11:38 hrs IS

While Raj Kundra, who was arrested in a case related to the alleged production of pornographic films and airing them through some paid online apps, is not getting bail, on the other hand the stock market regulatory body SEBI has booked Shilpa Shetty and Raj Kundra. 3 lakh has been imposed with a fine of Rs. SEBI has imposed this penalty for the period from 1st September 2013 to 23rd December 2015.

Another blow to Raj Kundra and Shilpa Shetty

In fact, SEBI has imposed a fine of Rs 3 lakh on Raj and Shilpa’s company Viaan Industries for violating insider trading rules in share trading. Viaan Industries is on the radar of crime branch even in the case of porn film racket. Police say that Raj Kundra was doing all the business of porn films on the basis of his own company. In the past, the police had also raided the company’s office.

According to reports, the Securities and Exchange Board of India (SEBI) on Wednesday imposed a fine of Rs 3 lakh on actress Shilpa Shetty, her husband Raj Kundra (Ripu Sudan) and Viaan Industries. Markets regulator SEBI said that it has conducted a probe into the trading of the shares of Vian Industries Ltd. Earlier the name of this company was Hindustan Safety Glass Industries Limited.

Raj, Shilpa and Viaan Industries violated SEBI provisions

In the investigation of SEBI, it was found that between 1st September, 2013 and 23rd December 2015, Raj, Shilpa and Viaan Industries had entered into Regulation No. 7(2)(a) and 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. (b) violated the provisions of. The shares of Vian Industries (VIL) were listed on the Bombay Stock Exchange and were promoted by Raj Kundra and Shilpa Shetty.

The SEBI order states that on October 29, 2015, Vian Industries Limited had allotted 5 lakh shares to four persons and one lakh 28 thousand eight hundred shares were allotted to Raj and Shilpa. After preferential allotment of shares, as per SEBI rules, both were to inform the company as the transaction was more than Rs.10 lakh. The company also had to give this information to the stock exchange within two days. SEBI found in the investigation that both had not completed this process within the stipulated time.

Let us tell you, Raj was arrested by the Crime Branch of Mumbai Police on July 19 for making obscene films. They were booked under relevant sections of the Indian Penal Code (IPC) and Information Technology Act. Raj Kundra has been sent to judicial custody for 14 days in the pornography case.



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