Mallya barred from markets for three more years: Sebi

Jun 02, 2018, 19:08 IST | IANS

According to a Sebi order in "the matter of fund diversions and or improper transactions in United Spirits", Mallya has also been restrained from holding position "as Director or Key Managerial Person of a listed company for a period of five years"

Vijay Mallya
Vijay Mallya

Market regulator Securities and Exchange Board of India (Sebi) on Friday ordered that absconding business tycoon Vijay Mallya shall continue to be restrained from accessing the securities market for a further three years.

According to a Sebi order in "the matter of fund diversions and or improper transactions in United Spirits", Mallya has also been restrained from holding position "as Director or Key Managerial Person of a listed company for a period of five years".

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Woman loses control of her car, runs over people in Mumbai