I am actually curious about the accounting goof-up. Was this a case of fraud or just negligent accounting, as in, how do regulators draw the line?
Otherwise, a great read. It does seem that whenever a set of folks are found guily of insider-trading and are sent a ban on trading stocks and their profits seized, they try to put some money down the SEBI's throat without the admission of guilt. These guys are trying to do the same here. But how come 5cr come close to 19cr which is was what SEBI has found to be what they have made through insider trading?
Great article as usual
Great article.
I am actually curious about the accounting goof-up. Was this a case of fraud or just negligent accounting, as in, how do regulators draw the line?
Otherwise, a great read. It does seem that whenever a set of folks are found guily of insider-trading and are sent a ban on trading stocks and their profits seized, they try to put some money down the SEBI's throat without the admission of guilt. These guys are trying to do the same here. But how come 5cr come close to 19cr which is was what SEBI has found to be what they have made through insider trading?