![]() The regulator investigated the affairs of Yes Bank during February 2019 to ascertain the possible violation of provisions of the Sebi Act and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices). In a settlement order on Tuesday, Sebi said,'' the instant adjudication proceedings initiated against applicants vide SCN (show-cause notice) dated October 26, 2020, are disposed of''. The order comes after the entities approached Sebi to settle the proceedings initiated against them ''without admitting or denying the findings of fact and conclusions of law'', through a settlement order. Apart from the bank, the six persons who settled the case are - Ashish Agrawal, Niranjan Banodkar, Sanjay Nambiar, Devamalya Dey, Rajat Monga, and Shivanand Shettigar. Private sector lender Yes Bank and six persons on Tuesday settled with Sebi a case about alleged selective disclosure of asset quality, after paying Rs 1.65 crore towards the settlement amount. PTI | New Delhi | Updated: 14-09-2021 17:43 IST | Created: 14-09-2021 17:31 IST Representative Image Image Credit: Wikipedia ![]()
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