SEBI Bans Seacoast Shipping for Misleading Investors

The financial regulator, SEBI, has stopped Seacoast Shipping from getting money from investors for five years.

The company was found guilty of moving money improperly and making up financial reports.

They even tried to say they used the money for a ransom after a kidnapping, but this was proven false.

The company created fake sales and assets to make their business look better than it was, misleading people who invested in it.

SEBI is now cracking down on these types of activities to protect investors.