As the sordid saga of events at IndusInd Bank unfolds, it is possible the coming days will see more skeletons tumble out of its closet. Within days of a forensic audit by Grant Thornton having found—as reported by Mint—that senior bank officials were aware of lapses in its accounting of derivative trades (that led to…
Gensol Engineering, tied to BluSmart through its common promoter Anmol Jaggi, has seen its stock crash nearly 80% from its peak amid allegations of falsified debt records. Now, questions about corporate governance are in the spotlight. In February, months before rating agencies raised red flags, Gensol’s promoter offloaded â‚ą11.4 crore worth of stock. Spotting the…
The Securities and Exchange Board of India (Sebi) has barred former CNBC Awaaz news anchor Hemant Ghai, his wife Jaya Hemant Ghai, and his mother Shyam Mohini Ghai from participating in the securities market for five years, effective immediately, for engaging in fraudulent trading practices. The regulatory body has also ordered Hemant and Jaya Ghai…
