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SEBI to strengthen investigative efforts over issues of corporate governance

SEBI to strengthen investigative efforts over issues of corporate governance

Mumbai, Feb 13 (IANS) In the backdrop of rising cases of corporate malpractice, which is followed by heavy volatility in specific stocks like Sun Pharma, DHFL, Zee and IL&FS, market regulator Security and Exchange Board of India (SEBI) has planned to ramp up its efforts to investigate such cases.

Sources said SEBI has planned to deploy and hire more people to look into matters of stock market fraud and cases relating to manipulation and corporate governance.

Earlier in January, news website Cobrapost had alleged that DHFL was involved in a fraud. This triggered a heavy sell-off in DHFL stock.

 

The pharma major, Sun Pharmaceuticals saw a similar fate when a whistleblower alleged the promoters were involved in corporate malpractice.

Analysts have attributed such cases being one reason for retail investors to shy away from participating in the markets.

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SEBI to strengthen investigative efforts over issues of corporate governance

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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