Edition:
India

India Regulator Restrains Former CG Power Chairman From Accessing Securities Market


Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Securities and Exchange Board of India::FORMER CG POWER <<>> CHAIRMAN GAUTAM THAPAR RESTRAINED FROM ACCESSING SECURITIES MARKET UNTIL FURTHER ORDERS.BSE TO APPOINT INDEPENDENT AUDITOR FOR FORENSIC AUDIT OF CG POWER'S BOOKS OF ACCOUNTS FROM FY 2015-16 TO DATE.CG POWER PROBE REPORT INDICATES 'SERIOUS MISSTATEMENT OF ACCOUNTS AND DIVERSION OF FUNDS'.ACTIONS OF THAPAR, OTHERS HAVE LED TO CG POWER SHAREHOLDERS LOSING VALUE, WHICH AMOUNTS TO 'FRAUD' ON PUBLIC INVESTORS. 

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