A complaint by NDTV that boomeranged-ET Prime

 

In a set of three late-evening orders that many missed on Friday, market regulator Sebi found NDTV promoters Prannoy Roy and Radhika Roy, former advisor Sanjay Dutt, his wife Prenita, and corporate entities associated with the Dutts guilty of violating insider-trading regulations. While they all are likely to go for the appeal process, the orders tell a tale of a bull-market-dream-turned-nightmare. The first story in today's edition explores how NDTV’s move against its advisor backfired.

CORPORATE GOVERNANCE A complaint that boomeranged NDTV filed three complaints against its former advisor Sanjay Dutt and his Quantum Securities in 2013-14. Seven years on, both NDTV promoters and Dutts face bans from transacting in stock markets and disgorgements running into several crores. There was one key transaction that proved to be NDTV promoters undoing.