Highlights 1 Sebi bars Vijay Mallya along with 6 other officials of USL from trading in securities market. Securities and Exchange Board of India (Sebi) on Wednesday barred beleagured businessman Vijay Mallya and six officials of United Spirits Ltd (USL) from trading in the securities market with immediate effect. The markets regulator also restrained Mallya and Capoor "from holding position as directors or key managerial persons of any listed company". The above directions shall come into force with immediate effect and shall be in force till further directions, Sebi said. According to the PWC-UK report, Rs 655.55 crore and according to the E&Y report, Rs 1,225.24 crore of USL funds were wrongly diverted.

Source: India Today January 25, 2017 20:12 UTC