Sebi bars Vijay Mallya from trading in Indian securities markets for 3 years

Vijay Mallya was barred by SEBI from trading and associating with any listed company for three years due to fraudulent activities involving trading shares of his own group companies through overseas accounts. An investigation revealed Mallya used Matterhorn Ventures to channel funds into the Indian securities market, violating regulatory norms. His appeal against a previous ban was also dismissed.