The Corporate Affairs ministry ordered the probe after it was "satisfied" that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.
While investigations are ongoing, SEBI says that prima facie it seems that the production company cooked the books and signed agreements with bogus content makers, distributors
Best Media Info: Apart from Eros International and its two senior executives, the two promoter entities Eros Worldwide FZ and Eros Digital Private have also been restrained by the market regulator| Television News