Vijay Mallya barred from Indian markets for 3 years
Markets regulator SEBI has barred fugitive businessman Vijay Mallya from accessing the securities market for 3 years. The decision comes after the SEBI found that Mallya was indirectly trading in shares of his own group companies. Mallya carried out layered transactions through his overseas companies to keep his identity masked and traded in securities market, defying regulatory norms, SEBI said.