Sebi unearths Rs 1,000 cr scam at Austral Coke


Sebi said that the Income Tax Department has found bogus transactions worth Rs 1,000 crore based on the raid it made on Austral Coke premises on June 23 this year.

Sebi affirmed that Rs 142 crore from the initial public offering was diverted via bogus transactions. Austral management denied bogus entries in its account books and said it would represent its case with  Sebi

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