Sebi bars Global Infratech, its directors, 12 others from securities market
Markets regulator Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in the firm’s shares.
The company and its directors — Pravin Sawant and Jagdish Chander Sharma — have been banned from the securities market for two years, while others have been restrained for six months, as per an order passed by Sebi on July 16.
During their respective period of restraint, they are also restrained from associating themselves with any listed public company and any public company which intends to raise money from the public or any intermediary registered with Sebi.
The investigation was conducted between June 2012 – September 2014.
