<h1>Market ban for securities market misconduct: promoters barred and penalised for diversion of funds and false accounting.</h1> Sebi imposed prohibitions and penalties on six former DHFL promoters and executives for diverting funds to promoter linked entities and concealing those exposures by misclassifying large unsecured related party loans as retail housing loans using a sham branch, dormant accounts and multiple accounting systems, and by booking fictitious interest income to present misleading profits and distort the company's financial statements and market valuation.