Fraud & Ethics
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FSA hits Dubai-based investor with GBP4m fine
The Financial Services Authority has imposed its biggest-ever fine on an individual, ordering a Dubai-based investor to pay £6m for market abuse in a case involving Reliance Industries, the Indian conglomerate. Rameshkumar Goenka manipulated the closing share price of Reliance on the London Stock Exchange in 2010, as part of…
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Click here to read the full story: The Guardian