<strong>New Delhi: </strong>Market regulator Securities and Exchange Board of India (Sebi) on Friday ordered that absconding business tycoon Vijay Mallya shall continue to be restrained from accessing the securities market for a further three years. <p id="content"> According to a Sebi order in "the matter of fund diversions and or improper transactions in United Spirits", Mallya has also been restrained from holding position "as Director or Key Managerial Person of a listed company for a period of five years".</p> "Vijay Mallya shall continue to be restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly/ indirectly for a further period of 3 years from the date of this order, holding position as director or key managerial person of a listed company for a period of five years from the date of this order,” SEBI order said.
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Sunday, June 3, 2018
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