Monday, March 24, 2008

Dish Tracking: Ketan Parekh scam: Sebi clears Zee with a warning

internal parts of a machine: the internal working parts of a machine or mechanical deviceMicrosoft®
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I've been having fun this week, what with Easter and all the family fun I had.Today I recorded a posh live set with Autumn Shade. You see, Jes is trying to get funds to make a set of shows in the Netherlands in June. So we recorded a good set and I'll be making a CD this week for her to sell in some fancy fund-raising party TBA...
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In his report, Sebi whole-time member TC Nair said, “I also direct Zee Telefilms and its promoters to note that any similar activity and or instances of violations or non-compliance of the provisions of SEBI act and rules and regulations framed thereunder in future shall be dealt with stringently.”The Sebi investigation showed that the price of Zee scrip moved from Rs 476 as on 1 October 1999 to Rs 1,555 as on 24 February 2000 and then came down to Rs 121 as on 30 March 2001.However Sebi said that Zeel and the promoter entities were not directly involved in the market manipulation with Ketan Parekh (KP) entities from October 1999 to March 2001.In his report, Nair could not find any conclusive evidence to penalise Zee.
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