fund diversion News

SEBI Slaps Rs 58.5 Crore Fine on Seya Industries' Executives for Massive Financial Fraud and Fund Diversion

SEBI has imposed a Rs 58.5 crore penalty on Seya Industries' top executives for financial fraud and fund diversion, uncovering Rs 81.26 crore siphoned off to promoter-linked compan...

Adani Energy Solutions Diverts Smart Meter Funds to Transmission Projects: A Closer Look

Adani Energy Solutions has come under scrutiny for diverting funds from smart meter installations to transmission projects, as reported by CARE. The move, while within legal limits...

Gensol Engineering Faces 5% Share Drop After Sebi's Market Ban Over Governance Issues

Gensol Engineering shares fell 5% after Sebi barred the company from the securities market due to governance issues and fund diversion allegations. Promoters are accused of misusin...