January
09, 2009
PR No. 013/2009
Consent Order against Rupesh V shah in matter of
IPO Irregularities
A Panel consisting of Whole Time Members, SEBI, Shri M.S.Sahoo and Dr. K.M.Abraham, has passed Consent Order on January 06, 2009 in the matter of �irregularities relating to Initial Public Offerings (IPOs) � on an application submitted by Rupesh V Shah.
Rupesh V Shah was identified as financier to corner the shares in the IPO of Jet Airways (India) Ltd. and based on the findings, SEBI had passed ad interim ex parte order dated April 27, 2006 directing applicant not to buy, sell or deal in securities market, including IPO�s, directly or indirectly till further directions.
The applicant without admitting or denying charges has remitted a sum of Rs.59,900/- towards consent.
Mumbai
January 09, 2009
|