Sebi had found irregularities in 21 IPOs between 2003 and 2005. Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed, finds N Sundaresha Subramanian. Last month, the Supreme Court passed a judgment quashing a tribunal order against the Securities and Exchange Board of India (Sebi) in the matter of Opee Stock Link, an Ahmedabad-based operator. Over the next few weeks, the regulator would take steps to recover the ... Rediff.com, 4 weeks ago
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