SEBI fines PACL Rs 7,269 crore for illegal raising of funds
In its biggest ever fine, regulator Sebi on Tuesday imposed a penalty of Rs 7,269.5 crore on PACL Ltd and its four directors for illegal and fraudulent mobilisation of funds from the public, saying the company deserves "maximum penalty" for such large-scale duping of the common man.
Sep 22, 2015, 19:21 PM IST