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SEBI bars Gautam Thapar from securities market for CG Power fraud
short by Anushka Dixit / on Wednesday, 18 September, 2019
Markets regulator SEBI barred ousted CG Power and Industrial Solutions Chairman Gautam Thapar and three ex-officials from securities market. Thapar, ex-CFO VR Venkatesh, ex-Director of finance Madhav Acharya and ex-Director B Hariharan were found guilty of misusing company's assets for illegal transactions. SEBI directed BSE to appoint a sole auditor to audit CG Power's books from FY16 to date.
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