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Sebi to probe disclosure lapses by banks, jewellery firms
Team Udayavani, Feb 15, 2018, 2:27 PM IST
New Delhi: Sebi is likely to probe possible disclosure lapses by banks and other listed companies, including several jewellery firms, that have come under the scanner in connection with the whopping Rs 11,000 crore fraud detected at state-owned PNB.
Besides, the watchdog and the stock exchanges would analyse trading data of these companies and their top officials, some of whom are already under the scanner for insider trade and other violations, officials said.
The latest development, experts believe, is expected to give further push for the regulator’s proposal to mandate listed companies to disclose loan defaults within a day of happening. The proposal has been put off apparently due to reservations expressed by the banking industry.
Officials said that Sebi would be looking at possible lapses by banks and various listed companies, including many jewellery firms.
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