PACL to move Tribunal against Sebi order
Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, PACL Ltd on Friday said that it will approach the Securities Appellate Tribunal against the directive of the capital markets regulator.
Aug 22, 2014, 23:09 PM IST
Sebi clamps down on Rs 50,000 crore money-pooling scheme run by PACL
In its biggest-ever crackdown on a large-scale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months.
Aug 22, 2014, 18:36 PM IST
