Morningstar

SEBI Takes Strong Action Against Veranium Cloud and Its MD for Fund Diversion and Misleading Disclosures

Mumbai, August 25: The Securities and Exchange Board of India (SEBI) has imposed strict measures against Veranium Cloud Limited (VCL) and its Managing Director, Harshvardhan Hanmant Sable, for misusing investor funds, alleged financial manipulation, and misleading disclosures. Both have been banned from the securities market for seven years. SEBIs investigation revealed that the company allegedly ... Read more SEBI Takes Strong Action Against Veranium Cloud and Its MD for Fund Diversion and Misleading Disclosures