SEBI bars Hemant Ghai from fraudulent trading

Markets regulator Securities and Exchange Board of India (Sebi) on Wednesday restrained CNBC Awaaz "Stock 20-20" Show anchor Hemant Ghai and his family from accessing securities market for carrying out fraudulent trading. The regulator said that Ghai had the "advance information about the recommendation to be made on the Show and that he directly /indirectly used it to his advantage".

In order to protect the interests of the investors and the integrity of the securities market, SEBI has restrained Hemant Ghai and his wife Jaya Hemant Ghai and mother Shyam Mohini Ghai from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever till further directions. The bank accounts of Hemant Ghai and his family have also been frozen for debit till further orders.