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5 Jan 2012

Crime and punishment

The Hindu : Opinion / Editorial : Crime and punishment:

"The question arises whether the quantum of punishment awarded [by SEBI] meets the ends of justice and whether it is deterrent enough to prevent perpetuation of capital market fraud. ... Investigations into cases of capital market fraud fizzle out, once they get away from the glare of publicity. Besides, it is unlikely that retail investors who bought shares in these companies will ever be compensated for the loss."

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