Indian-origin ex-boss of firm in US to pay â¹1.8 cr for fraud
Adesh Kumar Tyagi, an Indian-origin former CEO of a penny stock company in US has been ordered to pay a fine of over â¹1.8 crore. He allegedly made false claims in press releases and engaged in manipulative trading. The complaint alleged that Tyagi falsely claimed the company had hundreds of customers while it only had two main clients.