Sebi slaps ¤90 lakh fine in Pyra­mid Saimira case

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

The Se­cu­ri­ties and Ex­change Board of In­dia im­posed a fine of ¤90 lakh on two direc­tors of Pyra­mid Saimira Theatre (PSTL), N Narayanan and V Natara­jan, for in­dulging in fraud­u­lent and un­fair trade prac­tices. The case re­lates to PSTL’s in­volve­ment in com­mit­ting ir­reg­u­lar­i­ties in its books of ac­counts and show­ing in­flated prof­its and rev­enues in fi­nan­cial state­ments for 2007-08.

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