November 7, 2017 11:02 AM

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Paradise Papers: SEBI to look into fund diversion by listed firms, their promoters

The Securities and Exchange Board of India (Sebi) will look into alleged fund diversion and corporate governance lapses at various listed firms and their promoters, including those linked to Vijay Mallya, named in the leaked 'Paradise Papers'. <br/><br/>Officials said, while some entities linked to Mallya are already being probed by the markets regulator and other agencies, any fresh disclosure in the leaked documents made public by Multi-Agency Group would be thoroughly looked into. <br/><br/>The officials said, Sebi will also coordinate with other regulators and government agencies, while information would be sought from foreign regulators.

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