Promoters of International Recreation and Amusement Ltd have been accused of fraudulently raising Rs 400 crore from 1,500 investors, and using the funds for personal gains.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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