Capital market regulator Sebi has imposed penalty totalling Rs 70 lakh on three senior executives of Jaiprakash Associates Ltd (JAL), including Executive Chairman Manoj Gaur, and their relatives for involvement in insider trading. 
Besides Gaur, his wife and brother, the Securities and Exchange Board of India has named JAL Senior Vice President (Corporate Affairs) and Company Secretary Harish K Vaid and his Hindu Undivided Family, as well as the company's Wholetime DirectorS D Nailwal.
Sebi conducted investigation into the trading in scrips of JAL during the period of September 29-October 27, 2008.
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Besides Gaur, his wife and brother, the Securities and Exchange Board of India has named JAL Senior Vice President (Corporate Affairs) and Company Secretary Harish K Vaid and his Hindu Undivided Family, as well as the company's Wholetime DirectorS D Nailwal.
Sebi conducted investigation into the trading in scrips of JAL during the period of September 29-October 27, 2008.
read more...
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