What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more. Market regulator Securities and Exchange Board of India (Sebi) on Friday passed an order against Reliance Industries, the country's second most valuable firm, asking it to disgorge Rs 447 crore (rs 4.47 billion) made illegally, along with interest of 12 per cent per annum since November 2007. We explain the various aspects of the case: What is the alleged fraud by ... Rediff.com, 1 month ago
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