The Securities and Exchange Board of India (SEBI) has prohibited former business news anchor Pradeep Pandya and eight other persons and businesses from engaging in fraudulent trading practices on his show.

SEBI has levied a Rs 1 crore penalty each on Pandya and Alpesh Vasanji Furiya, a technical analyst. In addition, six other entities were fined Rs 10 lakh each. The fines must be paid within the following 45 days, reported ANI.