Lagatar Desk: The troubles of Shilpa Shetty and her husband Raj Kundra are not decreasing. Shilpa and Raj are now accused of insider trading. SEBI has imposed a fine of 3 lakhs on Raj-Shilpa and her company Viaan. SEBI has imposed this penalty for violation of insider trading rules. According to the order issued by SEBI, a total fine of Rs 3 lakh has been imposed on him. They have to pay it jointly. Shilpa and Raj are directors of Viaan Industries. SEBI has given this order after the investigation conducted during September 2013 to December 2015. SEBI had probed the violation of insider trading ban norms by these entities.
Alleged violation of insider trading rules
Let us tell you that in October 2015, Vian Industries had allotted 5 lakh shares to four people. Apart from this, 1,28,800 shares worth Rs 2.57 crore were allotted to Raj and Shilpa. In this regard, he had to make necessary disclosures to the company as there was a transaction of more than Rs 10 lakh.
Raj Kundra in judicial custody for 14 days
Let us tell you that the court rejected the bail application of Raj Kundra. The Fort Court of Mumbai heard the bail plea of ??Raj Kundra. The court was not satisfied with the arguments of Raj’s lawyers. After which his bail application was rejected. The court has sent Raj Kundra to judicial custody for 14 days in the pornography case.
Shilpa Shetty hasn’t got clean chit yet
Raj Kundra was arrested by the Mumbai Crime Branch on 19 July. Raj is in police custody since his arrest. Police say that they have strong evidence against Raj. So far, Shilpa has not been given a clean chit in this case. Forensic expert is investigating the bank account of Raj Kundra’s company. Shilpa Shetty was also a director in Raj’s company. Shilpa Shetty was also using the account in which money was coming from the pornography business. Because of this, Shilpa hasn’t got a clean chit yet.
