SEBI sets highest ever fine of â¹2400 cr on PACL, 4 directors
Markets regulator SEBI on Thursday imposed a â¹2,423 crore fine on PACL and its four directors for illegal mobilisation of funds from the public. This is the highest penalty ever imposed by SEBI on any alleged capital market defaulter. PACL had collected â¹49,100 crore in the name of real estate projects and other schemes over a 15-year period.