Sebi fines Rs 1-cr for massive IPO fraud

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Sebi fines Rs 1-cr for massive IPO fraud

Market Regulator Securities and Exchange Board of India (Sebi) has imposed a fine of Rs one crore on Varsha Trivedi, director of Vision Organics Ltd (VOL) for actively participating in wrongful listing of VOL initial public offering (IPO) in november 2000 and manipulative trading thereafter.

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