Big penalty, small story

IN Media Watch Briefs | 23/09/2015

Capital markets regulator SEBI slapped what is apparently its highest ever fine on PACL, a Delhi-based real estate company, but for some mystifying reason all papers downplayed the story. The regulator fined this company Rs 7269 crore for not registering its collective investment scheme which mopped up thousands of crores from small investors. The closest it got to page one was a brief on top of page 1 in TOI and Mint's bottom of page one pointer to the story on page 12. ET put it on page 10, Business Standard gave it a single column on page 15, The Hindu skipped it, and Indian Express gave it page 21, the bottom of its economy page.