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China regulators summon Ant Group executives ahead of IPO

China regulators summon Ant Group executives ahead of IPO

Technology
Chinese regulators have summoned Ant Group founder Jack Ma and two other senior executives to a formal meeting just days before the company's shares are due to begin trading in Shanghai and Hong KongBy ZEN SOO Associated PressNovember 3, 2020, 6:48 AM• 2 min readShare to FacebookShare to TwitterEmail this articleHONG KONG -- Chinese regulators summoned Ant Group founder Jack Ma and two other senior executives to a meeting just days before the company's shares are due to begin trading following a blockbuster offering expected to be the world’s largest.In a statement issued on Monday, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange said they had conducted “regulatory inter...
Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

Finance
Capital markets regulator Sebi (Securities and Exchange Board of India) may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings, officials said Sunday. Besides, some other top officials of the bank, as also from Videocon, which allegedly benefitted due to its association with Kochhar's husband, are also likely to be called for their personal hearings regarding charges against them that may lead to the bank and its embattled chief being slapped with several crores of rupees in fines and other penal actions including ban from markets and directorships. According to top officials, the multi-agency probe into ICICI Bank and business dealings of the Kochhar family will also be discussed...