Sebi bars Kore Digital, three top execs from capital markets over alleged fraud
New Delhi, Sept. 17 -- The Securities and Exchange Board of India (Sebi) has barred passive telecommunication infrastructure provider Kore Digital Ltd and three senior executives from raising funds through public securities offerings, citing prima facie evidence of financial manipulation and misleading disclosures. The three executives have also been restrained from buying, selling or otherwise dealing in Kore Digital securities, directly or indirectly, until further orders.
The interim ex-parte order, issued on Thursday, named Kore Digital alongside managing director Ravindra Doshi, chief executive officer Chaitanya Doshi, and chief financial officer Kashmira Doshi. Kore and the other noticees have 21 days from receiving the order to fi...
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