Sebi relies on SC’s Sahara order to nail fraudsters in R1,500-cr ‘StockGuru’ case
Press Trust of India: New Delhi, Jan 18 2013, 02:34 IST
subscribers were promised dividend of R1.80 on investment of R1,510 (which translates into 0.119% real dividend). Further, there was no reference of redemption premium to be paid to the subscribers,” Sebi said. “There was no economic justification of payment of so high premium with minuscule dividend...”it added.
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