Businessman Raj Kundra husband of actress Shilpa Shetty was arrested by the Mumbai Crime Branch last week for allegedly producing and publishing pornographic movies through mobile apps. Now The Securities and Exchange Board of India (SEBI) has imposed Rs 3 lakh as a penalty amount on actress Shilpa Shetty Kundra, her businessman husband Raj Kundra and their company Viaan Industries. Shilpa Kundra and Ripu Kundra, known as Raj Kundra for disclosure lapses, violate the norms of inside trading norms.
The order was further followed by a probe conducted between September 2013- 2015 of December to find out the violation of the Prohibition of Insider Trading (PIT) guidelines provided by the entities. As per the records of SEBI, regulations were made by the notices which is been delayed for more than three years.