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United Spirits case: Sebi relaxes curbs on 5 individuals

Press Trust of India  |  New Delhi 

Sebi today granted "limited relief" to five former officials of Ltd (USL) who were slapped with curbs for illegal fund diversions.

The officials are Paramjeet Singh Gill, Sowmiyanarayanan, S N Prasad, Ainapur S R and P A Murali.

In an order, the (Sebi) said the five individuals "may sell/ redeem/ liquidate the securities held by them as on date, and utilize the proceeds thereof to mitigate their financial constraints".

However, they would continue to remain restrained from "buying or dealing" in securities in any other manner whatsoever, either directly or indirectly, except selling or redeeming.

Through an interim order dated January 25, 2017, Sebi had restrained the five individuals as well as and former senior USL official from "buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly" till further directions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 23:16 IST
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