Credit Suisse fined

The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs. 1000000 on Credit Suisse First Boston (Mauritius) Limited a foreign institutional investor for short selling shares of Reliance Industries Limited (RIL) on December 16, 2002. The penalty was imposed under Sec. 15-1 read with 15HB of the Securities and Exchange Board of India (SEBI) Act 1992.