Blue Print Securities Directors Convicted for Penalty Non-Payment

SEBI Special Court convicts Blue Print Securities Ltd. directors for failing to pay a Rs 1 crore penalty related to a fraudulent IPO scheme.
Directors Chiranjit Mahanta and Rajlaksmi Bhattacharjee fined Rs 1 crore and Rs 50 lakh respectively, with default imprisonment sentences of six months each.
The penalty stemmed from a 2017 adjudication order for creating fictitious inter-corporate deposits to siphon funds from Brooks Laboratories Ltd.'s IPO.