Sebi bars 129 entities; suspects money laundering, tax evasion

The entities are estimated to have shown fictitious capital gains to the tune of Rs 254 cr

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Press Trust Of India
Last Updated : Apr 17 2015 | 11:09 PM IST
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, The Securities and Exchange Board of India (Sebi) on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.

While the total amount involved could not be ascertained, these entities are estimated to have shown fictitious capital gains to the tune of Rs 254 crore and just 29 of them made unlawful gains to the tune of Rs 92 crore on an investment of just Rs 2 crore.
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First Published: Apr 17 2015 | 10:22 PM IST

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