MUMBAI: In an uncommon transfer, a Sebi committee on Thursday rejected a proposal for settlement of investigation proceedings in opposition to Zee Entertainment, its former chairman Subhash Chandra and former MD Punit Goenka. The panel has as a substitute requested Sebi’s adjudicating officer to include the brand new findings that the regulator had unearthed throughout its investigations within the matter and ship a recent present trigger discover to the three entities.
In impact, this order of the committee additional expanded the scope of Sebi’s ongoing investigations into the matter.
Sebi investigations had been associated to itemizing norm violations by the media firm and two of its former high executives. An preliminary present trigger discover was issued to the three entities in July 2022, the order famous.
