The Securities Exchange Board of India (SEBI) has banned Zee Entertainment Enterprises’ former chairman Subhash Chandra and MD & CEO Punit Goenka from holding any managerial or directorial roles in any company after it confirmed that the father-son duo were siphoning off funds for their own benefit.
The June 12 order stated, “The Noticees (Chandra and Goenka) shall cease to hold the position of a director or a Key Managerial Personnel in any listed company or its subsidiaries until further orders.”
