{"id":25954,"date":"2025-03-19T20:30:17","date_gmt":"2025-03-19T15:30:17","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=25954"},"modified":"2025-03-19T22:53:00","modified_gmt":"2025-03-19T17:23:00","slug":"sebi-fines-hemant-ghai-wife-trading-violations","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/sebi-fines-hemant-ghai-wife-trading-violations\/","title":{"rendered":"SEBI Imposes Penalties on Hemant Ghai and Others for Securities Violations"},"content":{"rendered":"
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The Securities and Exchange Board of India (SEBI) has recently taken action against former CNBC Awaaz anchor Hemant Ghai, his wife Jaya Ghai, and others for violating securities laws. SEBI has imposed a fine of Rs 50 lakh on Hemant Ghai and an equal penalty on his wife for their involvement in fraudulent trading activities.<\/p>\n\n\n\n

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Source: SEBI <\/figcaption><\/figure>\n\n\n\n

SEBI\u2019s Ruling: A Five-Year Ban on Ghai Family<\/strong><\/p>\n\n\n\n

In addition to the monetary fines, SEBI has imposed a strict five-year ban on Hemant Ghai, his wife Jaya, and his mother, Shyam Mohini Ghai. During this period, they will not be allowed to participate in any securities market activities, including trading and investing.<\/p>\n\n\n\n

The Violation: Insider Trading and Fraudulent Practices<\/strong><\/p>\n\n\n\n

SEBI\u2019s investigation revealed that Hemant Ghai engaged in fraudulent trading practices. He traded stocks in his wife\u2019s and mother\u2019s accounts ahead of the stock recommendations he made on CNBC Awaaz. This took place over five years ago and was considered a clear violation of securities laws.<\/p>\n\n\n\n

Penalty for MAS Consultancy Services and Motilal Oswal Financial Services<\/strong><\/p>\n\n\n\n

SEBI also levied penalties on MAS Consultancy Services and Motilal Oswal Financial Services for their involvement in the violation. MAS Consultancy Services, affiliated with Motilal Oswal, was found guilty of submitting fabricated order instruction sheets and failing to maintain proper records of trading instructions. These actions breached regulatory norms.<\/p>\n\n\n\n

Order to Return Fraudulent Gains<\/strong><\/p>\n\n\n\n

As part of the ruling, Hemant Ghai and Jaya Ghai have been ordered to return the profits made from their fraudulent trading activities. The amount must be returned with a 12% annual interest rate, starting from March 31, 2020, until the date of the interim order.<\/p>\n\n\n\n

Payment Deadline and Interest<\/strong><\/p>\n\n\n\n

The fines must be paid within 45 days into SEBI\u2019s Investor Protection and Education Fund. If the amount is not paid within the deadline, it will accrue a 12% annual interest, adding to the financial burden.
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Full order <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Board of India (SEBI) has recently taken action against former CNBC Awaaz anchor Hemant Ghai, his wife Jaya Ghai, and others…<\/p>\n","protected":false},"author":1,"featured_media":25953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,5090],"tags":[7674,7673,249],"class_list":["post-25954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-short-news","tag-cnbc-awaaz","tag-hemant-ghai","tag-sebi","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2025\/03\/pexels-photo-6266311.webp","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-6KC","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/25954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=25954"}],"version-history":[{"count":2,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/25954\/revisions"}],"predecessor-version":[{"id":25966,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/25954\/revisions\/25966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/25953"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=25954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=25954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=25954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}