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SEBI bans 5 entities in LIC frontrunning case impounds 2 crore

Admin - 2 years ago
Business
The Securities and Exchange Board of India (SEBI) has barred five entities, including an employee of Life Insurance Corporation of India, from dealing in the securities market over front-running the trades of the insurer. SEBI has also confiscated illegal gains of ₹2.44 crore made by them. All five of them were found to be connected through family relations, SEBI said.
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