SEBI imposes penalty of Rs 3 lakh on Shilpa Shetty and Raj Kundra
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 3 lakh on Bollywood actor Shilpa Shetty, her husband and businessman Raj Kundra, and his company Viaan Industries for flouting Insider Trading rules. The probe alleged that transactions above Rs 10 lakh were not disclosed to the SEBI within two trading days.
There is no respite to Raj Kundra as Mumbai Magistrate Court had denied bail in porn racket case as the Mumbai police have informed the court that the probe is underway. On July 27, Raj Kundra was sent to 14-day judicial custody.