A study by SEBI highlights how several companies have increasingly been using royalty payments to related parties and scrounging on dividends to investors.
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With his back to the wall, the founder is exploring options that could benefit him much more than others. Even at the expense of the customers, investors, vendors and employees.
SEBI’s interim order details how the green energy poster boy built a paper empire with investor money while living a billionaire lifestyle.
While paying heed to the growing concerns of mutual funds around how mandatory investment norms are affecting junior employees, the market regulator has ensured the industry remains accountable to investors.