SEBI bars Zee Ent’s Punit Goenka, Subhash Chandra from holding directorial positions

Mumbai: The Securities and Exchange Board of India (SEBI) has restrained Essel Group Chairman Subhash Chandra Goenka and Zee Entertainment head Punit Goenka from holding any key managerial position until further notice.

The interim order against the individuals were passed following investigations, which revealed that Chandra and Punit Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.