SEBI Banned Geetanjali Gems In 2013, Yet LIC Invested 50 Crore
The Stock Market Disaster That Shook India The Geetanjali Gems scandal represents one of the most controversial investment decisions by a state-owned institution. On December 20, 2013, SEBI (Securities and Exchange Board of India) imposed a trading ban on Geetanjali Gems stock, citing serious concerns about Geetanjali Gems market manipulation. Yet, remarkably, LIC (Life Insurance … Read more