DHFL case: Sebi bans Kapil Wadhawan, Dheeraj Wadhawan, 4 others from mkt; imposes Rs 120-cr fine

Securities and Exchange Board of India (SEBI) has taken action against former officials of Dewan Housing Finance Corporation Limited (DHFL). Kapil Wadhawan, Dheeraj Wadhawan, and four others face bans from the securities market. SEBI imposed penalties totaling Rs 120 crore for fund diversion and fabricating financial records. They are also restricted from key positions in listed companies.