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The Securities and Exchange Board of India (SEBI) has restrained Vivek and Rupa Kudva from accessing securities market for one year. The regulatory body has directed them to transfer Rs 30.70 crore of redeemed FT units to escrow account within 45 days.Vivek Kudva has also been asked to pay a monetary penalty of Rs 4 crore, whereas, a fine of Rs 3 crore has been slapped on Rupa Kudva.
(This is a breaking story. Please check back for more updates)
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