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SEBI Interimly Bars Essel Group s Amit Goenka, Others for Diverting Shirpur Gold Refinery Funds

Market regulator Securities and Exchange Board of India (SEBI), in an interim order cum show cause notice, has barred Essel group company, Shirpur Gold Refinery Ltd, its promoter Amit Goenka, who is the son of the group chairman Subhash Chandra Goenka and six others, from selling, disposing of or diluting their shareholding in the Company, for misrepresenting the Company s financial statements and diverting its funds.

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