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eros: Eros International case: How an alleged fund diversion of overINR2,000 crore took place

Sebis fresh order in Eros Internationals fund diversion case has outlined how two specific transactions were the reason why Sebi had to take action against the company. The company indulged in round-tripping of funds, using multiple entities, and funded 18 entities which in turn paid back the amount to Eros. The media and entertainment firm, however, denies any wrongdoing. ....

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Eros International: SEBI Confirms Restrictions against 5, including MD Sunil Lulla, CEO Pradeep Dwivedi

Rejecting a prayer to modify an interim order issued against five, market regulator Securities and Exchange Board of India (SEBI) decided to continue restrictions upon Eros International Media Ltd, Eros Worldwide FZ LLC (now known as Eros Worldwide FZE), Eros Digital Pvt Ltd, Sunil Arjan Lulla, executive vice chairman and managing director (MD) of Eros International and Pradeep Dwivedi, the company s chief executive officer (CEO). ....

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Sebi refuses to stay securities market ban on Eros International Media

Sebi refuses to stay securities market ban on Eros International Media
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